Commonwealth Consolidated Acts

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COMMONWEALTH INSCRIBED STOCK ACT 1911 - SECT 3A

Authority to borrow

             (1)  The Treasurer may, from time to time, borrow money on behalf of the Commonwealth by issuing stock denominated in Australian currency.

             (2)  Nothing in this section affects the power of the Treasurer under any other Act to borrow money on behalf of the Commonwealth, or to issue stock or securities under this or any other Act in relation to those borrowings.



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