Western Australian Current Acts Western Australian Current Acts (1) Subject to
subsection (2), the Commission may, with the prior written approval of the
Treasurer and on such terms as the Treasurer approves, borrow money for the
performance by the Commission of its functions.
(2) Any moneys
borrowed by the Commission under this section may be raised as one loan or as
several loans and in such manner as the Treasurer may approve, but the amount
of money so borrowed is not in any one year to exceed in the aggregate such
amounts as the Treasurer approves.
(3) For the purpose of
making provision to repay either the whole or any part of any loan raised
under this section the Commission may, subject to this section, borrow the
moneys necessary for that purpose before the loan or part of it becomes
payable.