Document ID: chunk:federal_register_of_legislation:C2005C00101:section:7
Version: federal_register_of_legislation:C2005C00101
Segment Type: section
Provision Reference: s 7
Character Range: 1561–4161

7  Borrowing to be subject to the Financial Agreement

 (1) Nothing in this Act authorizes the borrowing of money or the issue of securities otherwise than in accordance with clause six of the Financial Agreement.

 (2) In this section, the Financial Agreement has the same meaning as in section four of the Financial Agreement Act 1944.

Notes to the Loan (Temporary Revenue Deficits) Act 1953

Note 1

The Loan (Temporary Revenue Deficits) Act 1953 as shown in this compilation comprises Act No. 21, 1953 amended as indicated in the Tables below.

Table of Acts
Act                                                         Number     Date          Date of commencement                                                 Application, saving or transitional provisions
                                                            and year   of Assent
Loan (Temporary Revenue Deficits) Act 1953                  21, 1953   9 Apr 1953    1 July 1950
National Debt Sinking Fund Act 1966                         65, 1966   29 Oct 1966   1 July 1966                                                          —
Administrative Changes (Consequential Provisions) Act 1978  36, 1978   12 June 1978  12 June 1978                                                         —
Audit (Transitional and Miscellaneous) Amendment Act 1997   152, 1997  24 Oct 1997   Schedule  2 (item 902): 1 Jan 1998 (see Gazette 1997, No. GN49) (a)  —
Financial Framework Legislation Amendment Act 2005          8, 2005    22 Feb 2005   Schedule 1 (items 13–15): Royal Assent                               —

(a) The Loan (Temporary Revenue Deficits) Act 1953 was amended by Schedule 2 (item 902) only of the Audit (Transitional and Miscellaneous) Amendment Act 1997, subsection 2(2) of which provides as follows:
 (2) Schedules 1, 2 and 4 commence on the same day as the Financial Management and Accountability 1997.

Table of Amendments
ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted
Provision affected                                                                                   How affected
S. 3....................                                                                             am. No. 36, 1978; No. 152, 1997
                                                                                                     rep. No. 8, 2005
S. 4....................                                                                             am. No. 8, 2005
S. 6....................                                                                             rep. No. 65, 1966