Commonwealth Numbered Acts

PUBLIC GOVERNANCE, PERFORMANCE AND ACCOUNTABILITY ACT 2013 (NO. 123, 2013) - SECT 57

                   An agreement for the borrowing of money by a corporate Commonwealth entity (including by obtaining an advance on overdraft or obtaining credit by way of credit card or credit voucher) is of no effect unless:

                     (a)  borrowing by the entity is expressly authorised by an Act; or

                     (b)  the borrowing is authorised by the Finance Minister in writing; or

                     (c)  the borrowing is authorised by the rules.