Document ID: chunk:federal_register_of_legislation:C2004A03739:body:0:p7
Version: federal_register_of_legislation:C2004A03739
Segment Type: other
Provision Reference: 
Character Range: 16946–19675

guarantees the repayment of money borrowed under paragraph 70b (1) (a) and the payment of interest on that money; or
     (b) guarantees the payment of an amount that the Corporation is liable to pay in relation to money raised under paragraph 70b (1) (b);
and, where the Treasurer makes such a determination, the repayment of that money and the payment of that interest are, or the payment of that money is, by force of this subsection, guaranteed by the Commonwealth.
"(3) A determination under subsection (2) shall be in writing.
"(4) The amounts referred to in paragraphs (1) (b) and (2) (b) may be amounts of interest.

"(5) A contract may be entered into under subsection (1), and a determination may be made under subsection (2), either:
     (a) in relation to a particular transaction; or
     (b) in relation to all transactions in a particular class of transactions.
"(6) A contract entered into under subsection (1) may include a provision agreeing, on behalf of the Commonwealth, that proceedings under the contract may be taken in the courts, or a specified court, of a foreign country.
"(7) A contract entered into under subsection (1) may include a provision waiving the immunity of the Commonwealth from suit in the courts, or a specified court, of a foreign country in relation to any proceedings under the contract.

Corporation may give security
"70d. The Corporation may give security over the whole or any part of its land or other assets for:
     (a) the repayment of money borrowed under section 70a or paragraph 70b (1) (a) and the payment of interest on that money;
     (b) the payment of amounts (including any interest) that the Corporation is liable to pay in relation to money raised under paragraph 70b (1) (b); or
     (c) the payment to the Commonwealth of amounts equal to any amounts that the Commonwealth may become liable to pay under:
         (i) a contract entered into under subsection 70c (1); or
         (ii) a determination made under subsection 70c (2).

Borrowings not otherwise permitted
"70e. The Corporation may borrow money, or raise money otherwise than by borrowing, only in accordance with sections 70a and 70b.

Delegation by Treasurer
"70f. The Treasurer may by signed instrument delegate to a person performing the duties of an office in the Department of the Treasury all or any of the Treasurer's powers under sections 70b and 70c.".

Consequential amendments of the Australian Broadcasting Corporation Act 1983
11. The Principal Act is amended as set out in Schedule 1.

Transitional provisions
12. A delegation to a person that was in force under section 23 or 24 of the Principal Act immediately before the commencement of this section continues in force, after the