Document ID: chunk:federal_register_of_legislation:C2024C00289:section:34
Version: federal_register_of_legislation:C2024C00289
Segment Type: section
Provision Reference: s 34
Character Range: 41584–42635

34  Borrowing
 (1) The Future Fund Board must not borrow money for a purpose in connection with the DisabilityCare Australia Fund unless the borrowing is authorised by subsection (2) or (3).
 (2) The Future Fund Board is authorised to borrow money for a purpose in connection with the DisabilityCare Australia Fund if:
 (a) the purpose of the borrowing is to enable the Future Fund Board to cover settlement of a transaction for the acquisition of one or more financial assets; and
 (b) at the time the relevant acquisition decision was made, it was likely that the borrowing would not be needed; and
 (c) the period of the borrowing does not exceed 7 days; and
 (d) if the borrowing were to take place, the total amount borrowed by the Future Fund Board would not exceed 10% of the balance of the DisabilityCare Australia Fund.
 (3) The Future Fund Board is authorised to borrow money for a purpose in connection with the DisabilityCare Australia Fund if the borrowing takes place in such circumstances (if any) as are specified in the regulations.