Treasury (Borrowing) Act 2016
An Act to authorise the borrowing of money by the Treasurer and to validate certain instruments and exercises of power
[Royal Assent 29 June 2016]
This Act may be cited as the Treasury (Borrowing) Act 2016 .
This Act commences on the day on which this Act receives the Royal Assent.
(1) In this section Appropriation Act means an Appropriation Act, within the meaning of section 36 of the Constitution Act 1934 , that commenced on or after 1 July 1986 but before 30 June 2016.(2) A Bill for an Appropriation Act is not to be taken to have contravened section 39 of the Constitution Act 1934 by reason only that it contained a provision specifying that the Treasurer may borrow such money as may be required for the purposes of the State.(3) [Section 4 Subsection (3) amended by No. 38 of 2020, Sched. 1, Applied:27 Nov 2020] Despite section 40 of the Constitution Act 1934 is not to be taken, by reason only that the provision deals, or dealt, with a matter other than the issue, application, and appropriation of money out of the Consolidated Fund or the Public Account, to be, or to have ever been, of no effect or invalid.(a) a provision, in an Appropriation Act, that confers, or conferred, on the Treasurer a power to borrow such money as may be required for the purposes of the State; and(b) the exercise, or purported exercise, by the Treasurer, of a power conferred, or purportedly conferred, by such a provision in an Appropriation Act
Until provision is made in relation to this Act by order under section 4 of the Administrative Arrangements Act 1990