Commonwealth Consolidated Regulations

COMMONWEALTH AUTHORITIES AND COMPANIES REGULATIONS 1997 - REG 6AA

         (1)   For subsection 28A (2) of the Act, this regulation specifies requirements in relation to a Commonwealth authority's credit cards.

         (2)   An agreement between the authority and the person who issues the authority's credit cards must be in writing.

         (3)   The holder of the card:

                (a)    must take responsibility for the physical security of the card; and

               (b)    must not permit the card or the personal identification number for the card to be used for a purpose other than the purpose for which the card is provided.

         (4)   The directors of the authority may determine the maximum amount that may be borrowed using a card for a person, or particular classes of persons, undertaking duties on behalf of the authority.

         (5)   The directors of the authority must ensure that the authority:

                (a)    establishes and maintains records of the cards; and

               (b)    keeps records of transactions for which the cards are used.

Note    Section 20 of the Act applies to the cards.

         (6)   The directors of the authority:

                (a)    may make guidelines in relation to the cards; and

               (b)    must ensure that the guidelines are consistent with the Act and these Regulations.

Note    This regulation does not apply to a Commonwealth authority if, under the authority's enabling legislation, the authority has an express power to borrow money (see subsection 28A (3) of the Act).