Document ID: chunk:federal_register_of_legislation:C2024C00302:section:6
Version: federal_register_of_legislation:C2024C00302
Segment Type: section
Provision Reference: s 6
Character Range: 8946–9668

6  Authority to borrow
 (1) The Treasurer may, from time to time, borrow, under the provisions of the Commonwealth Inscribed Stock Act 1911 or under the provisions of any Act authorizing the issue of Treasury Bills, such amounts as are required to be paid by Australia (not being amounts referred to in section 8 of this Act) by reason of:
 (a) its membership of the Fund and of the Bank; or
 (b) its obligations under the New Arrangements to Borrow; or
 (d) its obligations under an agreement entered into under section 8CAB.
 (2) Moneys so borrowed may be issued and applied for the purposes of making the payments specified in subsection (1), and of making payments in redemption of securities issued under section 7.