Microsoft Word Legal Guidance Note final docx

Table of Contents 
ABSTRACT ........................................................................................................................................... I
FOREWORD ....................................................................................................................................... III
INTRODUCTION .................................................................................................................................. 1
B
ACKGROUND
.................................................................................................................................... 1
T
HIS GUIDANCE NOTE
........................................................................................................................... 2
KEY ISSUES ......................................................................................................................................... 4
E
SSENTIAL REQUIREMENTS
.................................................................................................................... 4
T
HE ROLE OF PARLIAMENT
..................................................................................................................... 4
B
ORROWING LIMITS
............................................................................................................................ 5
T
HE LEGISLATIVE VEHICLE
...................................................................................................................... 7
E
STABLISHING A DEBT MANAGEMENT ENTITY
............................................................................................. 8
THE GOVERNMENT DEBT MANAGEMENT ACT ................................................................................... 9
I
NTRODUCTION
.................................................................................................................................. 9
S
UGGESTED PROVISIONS
..................................................................................................................... 10
O
THER ISSUES
.................................................................................................................................. 20
S
ECONDARY LEGISLATION
.................................................................................................................... 21