Australian Capital Territory Numbered Acts

FINANCIAL MANAGEMENT ACT 1996 (NO. 22 OF 1996) - SECT 57

57. (1) The Treasurer may—

        (a)     borrow money on behalf of a Territory authority; or

        (b)     lend public money to a Territory authority;

on such terms and conditions as the Treasurer thinks fit.

(2) Borrowing may be secured by the authority's assets approved by the Treasurer for the purposes of this section.

(3) A Territory authority may only arrange an overdraft or credit facility with the written approval of the Treasurer.