Document ID: chunk:federal_register_of_legislation:C2004A02230:section:4
Version: federal_register_of_legislation:C2004A02230
Segment Type: section
Provision Reference: s 4
Character Range: 933–2077

4  Guarantee of certain loans
 (1) Where:
 (a) Qantas Airways Limited has entered into an agreement to borrow moneys; and
 (b) the Treasurer is satisfied that the moneys are for use in connection with the purchase by Qantas Airways Limited of 4 Boeing 747 aircraft and related spare parts and equipment;
the Treasurer may, on behalf of the Commonwealth, and subject to the conditions required by this Act, guarantee:
 (c) the repayment of moneys borrowed under the agreement; and
 (d) the payment of interest on moneys so borrowed.
 (2) A guarantee or guarantees shall not be given under subsection (1) in respect of moneys borrowed in the currency of the United States of America, or in any other currency, exceeding in the aggregate $230,000,000 in the currency of the United States of America.
 (3) For the purposes of subsection (2), the amount of a borrowing in a currency other than the currency of the United States of America shall be taken to be the amount in the currency of the United States of America that was equivalent to the first-mentioned amount at the date of the borrowing, as ascertained by the Reserve Bank of Australia.