Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to an obligation of the FAC under a borrowing transaction.
(2) The Treasurer may, on behalf of the Commonwealth, enter into a contract to take over an obligation.
(3) If the Treasurer enters into a contract under subsection ( 2), the Treasurer may authorise the payment of money to discharge the Commonwealth's obligations under the contract, whether by terminating those obligations or otherwise.