09-21 Revised Borrowing Order
The Minister for Local Government has issued a revised Borrowing Order pursuant to section 624 of the Local Government Act 1993. The revised Order replaces the Order dated 27 September 1993.
The revised Order, which is attached to this circular, retains the limitation on councils to borrow only in Australia and in Australian currency. All other limitations or restrictions have been removed.
Nothing in this revised Order affects any borrowings made before the date of the new Order, which was made in compliance with the previous Ministerial Order dated 27 September 1993. Such borrowings are taken to be in compliance with this Order. Read more...