New South Wales Consolidated Acts

VISY MILL FACILITATION ACT 1997 - SECT 10

10 Undertakings

(1) The State may undertake to reimburse the Commission, in circumstances specified or described in the undertaking, for present or future liabilities incurred by the Commission to the Company under the Agreement and arising from external events. Such a liability may relate to increases in costs or to any other matters.

(2) The form of such an undertaking (including its terms and conditions) is to be as determined by the Treasurer.

(3) The State may enter into agreements in connection with such an undertaking, and may, in relation to any matters arising under or in connection with the Agreement, agree to make a payment pursuant to such an undertaking even though the Commission has acted in accordance with law or has been constrained or otherwise affected by the operation of law.

(4) The Treasurer may act on behalf of the State for the purposes of giving an undertaking under this section or entering into an agreement under this section. The Treasurer (or a person appointed by the Treasurer) may execute any relevant document relating to the undertaking or agreement.

(5) Nothing in this section prevents the State from giving undertakings, or entering into agreements, in relation to other matters.