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.

 View history note

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).

 View history note

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).

 View history note

 

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