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.]