Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) In this regulation:
"loan guarantee" means a guarantee of the due payment of the whole, or a part, of either or both of the principal of, and the interest payable on, a loan.
(2) A person (including a Minister or a Chief Executive) must not give a loan guarantee on behalf of the Commonwealth unless:
(a) a spending proposal for the guarantee has been approved under regulation 9 and, if necessary, in accordance with regulation 10; and
(b) the giving of the guarantee has been authorised by the Finance Minister, or another person authorised by the Finance Minister for the purpose.