Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) To the extent to which the Agency is prepared to accept from Australia , in lieu of any payment that Australia is required to make to the Agency, promissory notes or other obligations issued by Australia , the Treasurer may authorise the issue of securities.
(2) Securities issued under subsection ( 1):
(a) must be payable to the Agency; and
(b) must be non - negotiable and non - interest bearing.