Types of borrowing

Approval of the Treasurer and the Minister for Health are required for all types of financial accommodation.
This includes:

• Capital loans- long or short term for construction, refurbishment, or purchase of equipment, buildings and other assets etc

• Operating Overdrafts - for financing the working capital needs of the organisation. These include any overdraft related to health service, business or fundraising activities whether they form part of the entity operating, special purpose or capital fund. They include permissions to borrow, loan guarantees and any other financial arrangement which could result in contingent or actual liabilities in the registered agency or any related entity; and,

• Finance Leases - where the benefits and risks of ownership of the leased property are transferred to the agency, including leveraged leases and commercial hire purchases.