(1) For the State, the Treasurer may guarantee the performance of obligations
of a statutory body under a financial arrangement entered into by the body
under this Act or another Act.
Editor’s note—
Under section 76, the
Treasurer may delegate the Treasurer’s powers under this part to another
Minister.
(2) The guarantee may—
(a) apply generally to all statutory
bodies, powers and matters or be limited in its application to—
(i)
particular bodies, powers or matters; or
(ii) particular classes of bodies,
powers or matters; or
(b) otherwise apply generally or be limited in its
application by reference to specified exceptions or factors.
(3) Also, the
guarantee may—
(a) make different provision for different statutory bodies,
powers or matters, or different classes of bodies, powers or matters; or
(b)
apply differently to stated exceptions or factors.
(4) The guarantee must be
in writing and, if it applies generally or the Treasurer considers it
appropriate, may be given by gazette notice.
(5) In giving a guarantee, the
Treasurer may do all things necessary for, or incidental to, giving the
guarantee.
(6) To remove any doubt, it is declared that a guarantee under
subsection (1) may apply to a statutory body even though the body was not
established when the guarantee was given.
