Document ID: chunk:federal_register_of_legislation:C2018C00042:section:76
Version: federal_register_of_legislation:C2018C00042
Segment Type: section
Provision Reference: s 76
Character Range: 64223–64858

76  Commonwealth takeover of obligations—payments by the FAC to the Commonwealth
 (1) This section applies if the FAC's obligations under a borrowing transaction are taken over under section 73 or 74.
 (2) The FAC must pay the Commonwealth an amount determined in writing by the Finance Minister.
 (3) If the FAC pays the Commonwealth an amount under subsection (2), the Commonwealth must pay the FAC an amount equal to that amount.
 (4) The amount payable under subsection (2) may be set‑off against the amount payable under subsection (3).
 (5) The amount payable under subsection (3) is payable by way of the provision of capital.