Document ID: chunk:federal_register_of_legislation:C2004A04113:body:0:p2
Version: federal_register_of_legislation:C2004A04113
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likely to be less than the amount of the expenditure made, and to be made, from the Consolidated Revenue Fund in that financial year; and

     (b) the amount that, at that time, the Treasurer considers will be the expenses of the borrowing.

(2) Money may be borrowed under subsection (1) in accordance with:

  (a) the Commonwealth Inscribed Stock Act 1911; or

  (b) an Act authorising the issue of Treasury Bills;

and not otherwise.

Application of money borrowed under subsection 6 (1)

7. Money borrowed under subsection 6 (1) may be issued and expended:

     (a) in making payments to the credit of the Consolidated Revenue Fund; and

  (b) for the expenses of borrowing;

and not otherwise.

PART 4—MISCELLANEOUS

Appropriation

8. The Loan Fund is appropriated to the extent necessary for the purposes of this Act.

Limitation of expenditure

9. (1) Nothing in this Act, or in a relevant appropriation Act for the current financial year, authorises the expenditure for a defence service for that financial year of an amount the expenditure of which would result in the total expenditure for that service under this Act and the relevant appropriation Acts for that financial year exceeding the total of the amounts authorised by the relevant appropriation Acts for that financial year to be expended in respect of that service.

(2) Subsection (1) does not affect the expenditure of money appropriated under the heading "ADVANCE TO THE MINISTER FOR FINANCE" in a relevant appropriation Act for the current financial year.

(3) Nothing in this Act authorises expenditure (otherwise than for payment of the expenses of borrowing) after 30 June 1991.

[Minister's second reading speech made in—
     House of Representatives on 7 March 1991
     Senate on 12 March 1991]