Section 123ZM — Social Security (Administration) Act 1999: Vouchers

(1) The Secretary may, on behalf of the Commonwealth, purchase vouchers to be given under subsection 123YC(2) or 123YD(2). (2) The Secretary may, on behalf of the Commonwealth: (a) issue vouchers to be given under subsection 123YC(2) or 123YD(2); and (b) enter into agreements with the suppliers of goods or services under which the suppliers undertake to accept those vouchers in consideration for the supply of goods or services. (3) Subsections (1) and (2) do not limit the executive power of the Commonwealth. (4) To the extent to which: (a) the issue of vouchers under paragraph (2)(a); or (b) an agreement entered into under paragraph (2)(b); involves a borrowing of money by the Commonwealth, that borrowing is authorised by this subsection. Note: Subsection 56(1) of the Public Governance, Performance and Accountability Act 2013 provides that an agreement for the borrowing of money by the Commonwealth is of no effect unless the borrowing is expressly authorised by or under an Act.