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©State of Queensland
Reprinted us ut 31 August I983
TABLE OF PROVISIONS Section
1 . 2, 3.
4.
5 . 6 . 7.
8 .
Short title Commencement Interpretation Guarantees
Investment of certain authorities Delegation by Treasurer Validity of guarantees Annual report by Minister
An Act to authorize the gi ct of certain Loa Territory and th
es on behalf of the ~ o m m o n ~ e a l t h ade to ~ n ~ e p e n d e n t Schools in the ~ ~ s t r a ~ i a n thern Territory of Australia, and for ~ ~ r ~ o ~ e s related thereto
1. This Act may be cited as the ~ n d e p e n d ~ n ~ Schools (Loans Guarantee) Act
~~~~.~
e This Act shall come into operation on the day on which it receives the Royal Assent.
c o ~ t r a r y in ten ti^^ appears-
e ~ d i t u r e ” m ~ a n § capital ~ x ~ ~ n d i t ~ r e incurred, er the c o m ~ e n c e ~ ~ n t of this Act, or proposed to on to a school to which this Act applies, bein
e ~ d i t ~ r ~ approved by the
ns a school at which students are given education at a primary or secondary level or both, not being a school-
25193/83 ( P R A. 18/83} (R82/1149) Cat No. 83 C300 8 Recommcndcdretdil price40c
2
s. 3
I n d e ~ e ~ d ~ ~ ~ Schools {Loans Guarantee) Act I969
(a) conducted by, or on behalf of, the Commonwealth; or {b) conducted for the profit, direct or indirect, of an indivi
individuals;
“school authority”, in relation to a school to which this Act applies, means a body corporate, trustee or other person empowered to borrow moneys for the purposes of the school;
“school to which this Act applies” means an independent school, or proposed independent school, in the Australian Capital Territory or the Northern Territory of Australia.
here, after the commenceme~t of this Act, a person or institution makes with a school a u t h ~ r i t y an agreement the terms and conditions of which have been approved by the
(a) an agreement for the lending by that person or institution to the school authority of money; required, in whole or in part, for the pur
approved capital ex nditure, or for the purpose of repaying moneys borrowed (whether fore or after the commence men^ of this Act) for the purpose of approved capital expen~iture; or
(b) an agreement m a ~ i n ~ new rovision with re ect to the re~ayment of moneys that were repayab under an agre ent (whether made be- fore or after the c o m m e n c ~ ~ e n t of this Act) of a kind referred to in the last preceding paragraph,
the Treasurer may, on behalf of the Commonwealth, give to the person or insti- tution a guarantee in accordance with this section.
) A guarantee under this section in respect of an a~reement may (a) the due payment of th whole or any part of any re ayments of princi- pal moneys required to be made under the terms of the agree men^, but so that the total amount of principal moneys to which the guarantee applies shall not exceed so uch of the pr moneys repayable under the agreement as the nister is satisfi esents moneys bor- rowed for the purposes of a p p r o v ~ ~ capita diture and not re- paid; and
(b) the due payment of the wh aid under the terms of th which is ~uaranteed in ace
inister for the purposes of this Act, being-
or any part of any interest reement upon rnon
nce with this section.
I n d ~ ~ e n d e n t Schools (Loans Guarantee) Act I969 3
s. s
) In this section, ‘‘instru~entality of the C o m m o n w e a ~ t ~ ” ~ e ~ ~ n ~ (a) a body estab~ished by a la of the C o ~ m o n w e a l t h , of the Australian
Capital Territory or of the orthern Territory of Australia; or
(b) the trustee or trustees (whether incorporated or not) of a fund estab- lished by such a law.
in strum en^ in writing, delegate to a person, rovided in the instrument of delegation, his
~ o ~ e ~ s and functions under section 4 of this Act, so that the delegated powers and functions may be exercised and performed by the delegate in a c c o r d ~ ~ ~ c e with the instrument of delegation.
) A de~egation under this section is revocable at will and does not prevent the e ~ e ~ c ~ s e of a power or the p e r f o r ~ a n c of a function by the Treasurer.
f a guarantee by the Treasurer, or by a delegate of the Treasurer, purporting to have been given in pursuance of this Act shall not be call s on the ground that the ~ u a r a n t e e was
not ns of this Act,
The Minister shall cause a statement to be laid before each House of‘
practicable after the end of each year ending on the thirtieth day of June, contain~ng partic~lars of the gu~~rantees that have been given under this Act d of any p a y ~ e n t made during that year u n ~ e r any guarant
) For the purposes of this section, the period commencing on the date of c o ~ ~ e n c e ~ e n t of this Act and ending on the thirtieth day of June. One thou- sand nine hundred and seventy, shall be deemed to be a year.
1 Act No. 23,1969; assented to and commenced 4 June 1969.
0 ~ o m m o n w e a l t h of Australia 1983
The Copyrighr Acr 1968 permits certain reproduction and publication of this legidation i n pi--
ticular section 182A of the Act enables a complete copy to be made by or on behalf of a perion f o r a particular purpose, For r e p r o ~ u c t ~ o n or pubiication beyond that pernxtted bq the Act,
permission should be sought in writing from “The ~ e c r ~ t a r y , A t ~ o r n e ~ ~ ~ e n e r ~ l ’ ~ ~ ~ p ~ r t i ~ ~ ~ ~ ~ , Canberra, A.C,T, 2600”.
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