Federal Register of Legislation
Qantas Airways Limited (Loan Guarantee) Act 1978
Act No. 19 of 1978 as amended
This compilation was prepared on 20 November 2000 taking into account amendments up to Act No. 186 of 1978
The text of any of those amendments not in force on that date is appended in the Notes section
The operation of amendments that have been incorporated may be affected by application provisions that are set out in the Notes section
Prepared by the Office of Legislative Drafting, Attorney‑General's Department, Canberra
Contents 1 Short title [see Note 1]........................... 2 Commencement [see Note 1]....................... 3 Provision of credit deemed to be a borrowing.............. 4 Guarantee of certain loans......................... 5 Conditions of guarantees.......................... 6 Delegation..................................
Notes An Act relating to the provision of certain equipment for Qantas Airways Limited
1 Short title [see Note 1]
This Act may be cited as the Qantas Airways Limited (Loan Guarantee) Act 1978.
2 Commencement [see Note 1]
This Act shall come into operation on the day on which it receives the Royal Assent.
3 Provision of credit deemed to be a borrowing
For the purposes of this Act, the provision of credit shall be deemed to be a borrowing to the extent of the amount of that credit.
4 Guarantee of certain loans
(1) The Treasurer may, on behalf of the Commonwealth, and subject to the conditions required by this Act, guarantee: (a) the repayment by Qantas Airways Limited of amounts borrowed by it not exceeding its expenditure in connexion with the purchase by it of 2 Boeing 747 aircraft and related spare parts and equipment; and (b) the payment of interest on amounts so borrowed.
(2) A guarantee or guarantees shall not be given under subsection (1) in respect of moneys borrowed in the currency of the United States of America, or in any other currency, exceeding in the aggregate $80,000,000 in the currency of the United States of America.
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