(2) This
section does not apply to an undertaking--
(a) given to a landlord by the
Secretary of the Department of Communities and Justice (or the New South Wales
Land and Housing Corporation on behalf of that Secretary), or a person
authorised in writing for the purposes of this section by that Secretary, and
(b) that provides that, subject to specified conditions, the landlord will be
indemnified up to a specified amount against loss or damage arising from any
breach of a residential tenancy agreement by a specified tenant.