Commonwealth Consolidated Acts

HOUSING AUSTRALIA ACT 2018 - SECT 50

Borrowings from the Commonwealth

  (1)   The Finance Minister may, on behalf of the Commonwealth, out of money appropriated by the Parliament for the purpose, lend money to Housing Australia on such terms and conditions as the Finance Minister determines.

Other borrowings etc.

  (2)   Housing Australia may:

  (a)   borrow money otherwise than from the Commonwealth; or

  (b)   raise money otherwise than by borrowing.

  (3)   One of the ways in which Housing Australia may borrow or raise money under subsection   (2) is by dealing with securities.

Security

  (4)   Housing Australia may give security over all or any of its assets:

  (a)   for the repayment by Housing Australia of money borrowed under subsection   (1) or paragraph   (2)(a) and the payment of interest on money so borrowed; or

  (b)   for the payment by Housing Australia of money (including interest) that Housing Australia is liable to pay in respect of money raised under paragraph   (2)(b).

Limitation on borrowing etc.

  (5)   Housing Australia must not borrow or raise money except under this section or Division   1.