Public Debt Management Agency created to centralise debt issuance and management with Reserve Bank support and tax exemption. Establishes a Public Debt Management Agency under Central Government superintendence to minimise long term debt costs; managed by a Board; authorised to collect and publish public debt information, transact in and issue Government securities, and make payments to security holders; the Reserve Bank must provide all required information and assistance to enable the Agency to discharge its functions with minimal interruption; the Central Government may direct the Agency and the Agency is proposed to be tax exempt.
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Public Debt Management Agency created to centralise debt issuance and management with Reserve Bank support and tax exemption.
Establishes a Public Debt Management Agency under Central Government superintendence to minimise long term debt costs; managed by a Board; authorised to collect and publish public debt information, transact in and issue Government securities, and make payments to security holders; the Reserve Bank must provide all required information and assistance to enable the Agency to discharge its functions with minimal interruption; the Central Government may direct the Agency and the Agency is proposed to be tax exempt.
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