📘 Loan Act 2012
060 of 2012Assented 11 December 2012
The Loan Act 2012 authorises the Treasurer of Western Australia to borrow up to $5 billion for public purposes. The borrowed funds are to be credited to the Consolidated Account, and principal, interest, and expenses are payable from that account.
Impact
The Act affects the financial management of Western Australia by providing funds for public projects. It impacts taxpayers as the Consolidated Account, funded by taxes, is used to repay the borrowed money.
Sectors
financepublic_sector
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