Public Governance, Performance and Accountability Act 2013
An agreement for the borrowing of money by a corporate Commonwealth entity (including by obtaining an advance on overdraft or obtaining credit by way of credit card or credit voucher) is of no effect unless: (a) borrowing by the entity is expressly authorised by or under an Act; or (b) the borrowing is authorised by the Finance Minister in writing; or (c) the borrowing is authorised by the rules.
57(2)
An authorisation under paragraph (1)(b) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to it.
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