Commonwealth Consolidated Acts

DEFENCE RESERVE SERVICE (PROTECTION) ACT 2001 - SECT 72

  (1)   The Chief of the Defence Force may, on behalf of the Commonwealth, enter into an agreement with a State, a Territory, a State or Territory authority or an ADI (the delegate ) for the delegate to perform those functions of the Chief of the Defence Force under this Part that are specified in the agreement.

  (2)   If, under an agreement, the delegate makes or guarantees a loan to a member, the delegate may take any security for the loan or guarantee in its own name.

  (3)   For the purposes of this Part, the Chief of the Defence Force may, on behalf of the Commonwealth, make loans, or give guarantees, to a State or Territory authority or an ADI that is itself making loans or giving guarantees under an agreement.

  (4)   The Chief of the Defence Force must have the Finance Minister's consent:

  (a)   to enter into an agreement mentioned in subsection   (1); and

  (b)   to make a loan or give a guarantee mentioned in subsection   (3).