Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) On the written request of a company or its subsidiary, the Treasurer, in writing, may guarantee or give an indemnity in relation to, or guarantee and give an indemnity in relation to –
(a) the repayment of any money lent or agreed to be lent to the company or subsidiary; or
(b) the performance of an obligation undertaken by the company or subsidiary or which the company has agreed to undertake (whether that obligation is monetary or otherwise).
(2) A guarantee or an indemnity –
(a) may include a guarantee of, or an indemnity relating to, any interest and other charges payable in respect of money lent or agreed to be lent or in respect of or arising from an obligation undertaken or agreed to be undertaken; and
(b) is subject to any conditions the Treasurer determines and specifies in the guarantee or indemnity.
(3) The Treasurer is to make any required payment out of money provided by Parliament for the purpose.
(4) This section has effect regardless of where the loan or obligation was undertaken, agreed to be undertaken or required to be repaid or performed.