New South Wales Consolidated Acts

STATE BANK (PRIVATISATION) ACT 1994 - SECT 19

19 Appropriation

(1) Any amounts required in fulfilling any obligation of the State or satisfying any liability of the State arising under:

(a) the Share Sale Agreement or a Transaction Document, or

(b) any other agreement, or any guarantee or other arrangement, under or referred to in:

(i) this Act, or

(ii) the Share Sale Agreement or a Transaction Document,

are to be paid out of the Consolidated Fund, which is to the necessary extent appropriated accordingly.

(2) Without limiting subsection (1), any liability arising from a guarantee under section 12 of this Act or section 12 of the State Bank (Corporatisation) Act 1989 is to be paid out of the Consolidated Fund, which is to the necessary extent appropriated accordingly.