Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part II · Consumer Credit Commission
31. Power to borrow
Feedback & supportThe Minister may, on the recommendation of the Board, approve for the Commission to borrow at such rate of interest or profit and for such period and upon such terms as to the time and method of repayment and otherwise as may be approved by the Minister, any sums required by the Commission for meeting any of its obligations or performing any of its functions under this Act.
Minister
Defined · s 4
“Minister” means the Minister charged with the responsibility for finance;
Consumer Credit 35
credit
Defined · s 4
“credit” means any arrangement, agreement or facility as set out in subsection 5(2);