Document ID: chunk:federal_register_of_legislation:C2014C00377:section:44
Version: federal_register_of_legislation:C2014C00377
Segment Type: section
Provision Reference: s 44
Character Range: 30112–31048

44  Borrowing
 (1) Subject to subsection (2), the University may borrow money.
 (2) The University's power to borrow is subject to such limits as the Finance Minister determines as to:
 (a) the total amount of money (other than interest) that may be owed by the University at any time as a result of borrowings; and
 (b) the periods for which money may be borrowed.
 (3) 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.
 (4) In this section:
Finance Minister means the Minister who administers the Public Governance, Performance and Accountability Act 2013.