📘 Loan Act 2016
033 of 2016Assented 27 October 2016
The Loan Act 2016 authorises the Treasurer of Western Australia to borrow up to $1.7 billion for public purposes. The borrowed funds are to be credited to the Consolidated Account, and the principal, interest, and expenses are charged to that account.
Impact
The Act affects the financial management of Western Australia by providing funds for public projects. It impacts taxpayers as the principal, interest, and expenses are charged to the Consolidated Account.
Sectors
financepublic_sector
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