Document ID: chunk:federal_register_of_legislation:C2017C00304:section:34
Version: federal_register_of_legislation:C2017C00304
Segment Type: section
Provision Reference: s 34
Character Range: 38964–39839

34  Dealings with securities
 (1) The Organisation may, with the approval of the Finance Minister but not otherwise, deal with securities.
 (2) Where the Organisation borrows or otherwise raises money by dealing with securities, the Finance Minister may determine that the repayment by the Organisation of the amounts borrowed or raised, and the payment by the Organisation of interest (if any) on those amounts, are, by force of this subsection, guaranteed by the Commonwealth.
 (3) The power of the Finance Minister to make a determination for the purposes of subsection (2) extends to the making of a determination in respect of:
 (a) securities included in a specified class, or specified classes, of securities; and
 (b) transactions included in a specified class, or specified classes, of transactions.
 (4) An approval under subsection (1) shall be given in writing.