Western Australian Consolidated Acts

WATER CORPORATION ACT 1995 - SECT 83

83 .         Guarantees for corporation by Crown

        (1)         The Treasurer may with the concurrence of the Minister, in the name and on behalf of the Crown, guarantee the performance by the corporation, in the State or elsewhere, of any financial obligation of the corporation arising under section 80.

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

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

            (a)         is by this subsection guaranteed by the State; and

            (b)         is to be made by the Treasurer and charged to the Consolidated Account, and this subsection appropriates that Account accordingly.

        (4)         The Treasurer is to cause any amounts received or recovered from the corporation or otherwise in respect of any payment made by the Treasurer under a guarantee to be credited to the Consolidated Account.

        [Section 83 amended by No. 77 of 2006 s. 4 and 5(1).]