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UNIVERSITY OF NOTRE DAME AUSTRALIA ACT 1989 - SECT 25E

UNIVERSITY OF NOTRE DAME AUSTRALIA ACT 1989 - SECT 25E

25E .         Guarantee by the Treasurer

        (1)         The Treasurer may, in the name and on behalf of the Crown in right of the State, guarantee the payment of any moneys payable by the Minister in respect of moneys borrowed by the Minister under section 25C(1)(b).

        (2)         A guarantee is to be in such form and contain such terms and conditions as the Treasurer determines.

        (3)         Before a guarantee is given —

            (a)         the Minister is to give to the Treasurer such security as the Treasurer requires; and

            (b)         all instruments that are necessary for the purpose are to be executed.

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

        [Section 25E inserted: No. 27 of 1998 s. 8; amended: No. 77 of 2006 s. 4.]