Western Australian Consolidated Acts

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GOLD CORPORATION ACT 1987 - SECT 18

18 .         Borrowing from Treasurer

        (1)         Gold Corporation, the Mint and GoldCorp may borrow from the Treasurer such amounts as the Treasurer approves on such conditions, including conditions as to repayment and payment of interest, as the Treasurer may impose.

        (2)         Where an advance is made under subsection (1), Gold Corporation, the Mint or GoldCorp, as the case may require, shall — 

            (a)         repay the amount of the advance;

            (b)         pay interest in accordance with the conditions imposed under subsection (1); and

            (c)         comply with any other conditions imposed.

        (3)         The amount to be approved by the Treasurer shall take into account any borrowing made otherwise than from the Treasurer, and the limitation imposed by section 11(4).

        [Section 18 amended by No. 10 of 1990 s. 6 and 19.]

[ 19.         Deleted by No. 10 of 1990 s. 20.]

[ 20.         Deleted by No. 70 of 2003 s. 29.]



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