PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989 No. 17, 1990 - SECT 43 Guarantee of borrowing

PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989 No. 17, 1990 - SECT 43

43. (1) The Treasurer may, on behalf of the Commonwealth, enter into a
contract guaranteeing the performance by an R&D Corporation of obligations
incurred by it under section 42.

(2) If the Treasurer determines in writing that obligations incurred by the
Corporation under that section are guaranteed by the Commonwealth, the
obligations are so guaranteed by force of this subsection.

(3) A contract may be entered into under subsection (1), and a determination
may be made under subsection (2), in relation to a particular transaction or
class of transactions.

(4) A contract under subsection (1) may include either or both of the
following provisions:

   (a)  a provision agreeing that proceedings under the contract may be taken
        in courts of a foreign country;

   (b)  a provision waiving the immunity of the Commonwealth from suit in
        courts of a foreign country.