Australia PGPA Finance Minister Delegations to Accountable Authorities and the Finance Secretary
Banking, borrowing and investment directions (sections 53, 56 and 58 of the Act) – Australia PGPA Finance Minister Delegations to Accountable Authorities and the Finance Secretary

Australia PGPA Finance Minister Delegations to Accountable Authorities and the Finance Secretary NCE-S1-P4: Credit cards and credit vouchers: the section 56 borrowing power is used only to enter agreements for the issue and use of Commonwealth credit cards or credit vouchers

What does NCE-S1-P4 require?

Non-Finance accountable authorities, and the Finance Secretary for Finance, may use the delegated borrowing power under section 56 only for agreements under which credit cards or credit vouchers are issued to, and used by, the Commonwealth; any other form of borrowing is outside the delegation. The Act requires amounts borrowed this way to be repaid within 90 days.

Maintained by Gerard Blokdyk

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