THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 3 - The National Guarantee Fund

SECTION 930A   POWER TO BORROW ETC. FOR PURPOSES OF THE FUND  

930A(1)  [Interests of sound financial management of Fund]  

If the Board considers that, in the interests of the sound financial management of the Fund, money should be borrowed for the purpose of meeting a payment due out of the Fund, SEGC may borrow money for that purpose on such terms and conditions as the Board thinks appropriate.

930A(2)  [SEGC may give security]  

SEGC may give security, including security over the assets of the Fund, in respect of SEGC's obligations in relation to a borrowing under subsection (1).

930A(3)  [Borrowing from participating exchange]  

If:

(a)  money borrowed under subsection (1) is a loan from a participating exchange; and

(b)  the participating exchange borrowed money for the purpose of making the loan to SEGC;

SEGC may give security, including security over the assets of the Fund, in relation to the participating exchange's obligations in respect of the borrowing referred to in paragraph (b).