(1) With the approval of the Finance Minister, a Land Council may, in any one financial year, borrow from a bank approved by the Finance Minister for the purpose an amount not exceeding, or amounts not exceeding in the aggregate, an amount equal to 10% of the total of the estimates of expenditure approved by the Minister under section 34 in respect of that year.
(2) The Finance Minister may, by written instrument, delegate any of the Finance Minister's powers or functions under this section to an official (within the meaning of the Public Governance, Performance and Accountability Act 2013 ) of a non-corporate Commonwealth entity (within the meaning of that Act). In exercising powers or functions under a delegation, the official must comply with any directions of the Finance Minister.
(3) In this section:
"Finance Minister" means the Minister who administers the Public Governance, Performance and Accountability Act 2013 .