Automatic Enrolment Retirement Savings System Act 2024 section 36

Power to borrow

Section 36 grants the Authority the power to borrow money, subject to ministerial consent and any conditions those ministers may impose.

  • The Authority may borrow money from time to time, whether or not secured against its assets.
  • Borrowing requires the consent of the Minister, the Minister for Finance, and the Minister for Public Expenditure, National Development Plan Delivery and Reform.
  • Those ministers may attach conditions to any consent they give.
  • The total amount borrowed at any one time must not exceed a limit determined by the Minister with the consent of the Minister for Finance and the Minister for Public Expenditure, National Development Plan Delivery and Reform.

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