DISABILITY SERVICES ACT 1993 - SECT 18

DISABILITY SERVICES ACT 1993 - SECT 18

18 .         Treasurer’s guarantee

        (1)         The Treasurer may, in the name and on behalf of the Crown in right of the State, guarantee, in such form and subject to such terms and conditions as he or she determines, the payment of any moneys payable by the Commission in respect of moneys borrowed by it under section 17.

        (2)         Before a guarantee is given under subsection (1) the Commission is to give the Treasurer such security as the Treasurer requires and execute all such instruments as are necessary for the purpose.

        (3)         The due payment of moneys payable by the Treasurer under a guarantee given under subsection (1) —

            (a)         is hereby guaranteed by the State; and

            (b)         is to be charged to the Consolidated Account, which to the extent necessary is appropriated accordingly.

        (4)         The Account and other assets of the Commission are, by virtue of this subsection, charged with the due repayment of any payment made by the Treasurer under a guarantee given under subsection (1) and with the performance and observance by the Commission of any terms and conditions which the Treasurer determines under that subsection in respect of that guarantee.

        (5)         Any moneys received or recovered from the Commission or otherwise in respect of a payment under a guarantee given under subsection (1) are to be credited to the Consolidated Account.

        (6)         The Treasurer may fix charges to be paid by the Commission to the credit of the Consolidated Account in respect of a guarantee given under this section.

        (7)         Payment of charges fixed under subsection (6) is to be made at such time or times as the Treasurer determines.

        [Section 18 amended: No. 77 of 2006 s. 4.]