12Guarantee or indemnity

### 12 Guarantee or indemnity > > (1)  On the written request of a company or its subsidiary, the Treasurer, in writing, may guarantee or give an indemnity, or guarantee and give an indemnity, in relation to – > > > > > > (a) [*\[Section 12 Subsection (1) amended by No. 22 of 2023, s. 9, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS9@Hpa@EN) .  .  .  .  .  .  .  .   > > > > > > > (b) the performance of an obligation undertaken by the company or subsidiary or which the company or subsidiary has agreed to undertake (whether that obligation is monetary or otherwise). > > > (2)  A guarantee or an indemnity – > > > > > > (a) [*\[Section 12 Subsection (2) amended by No. 22 of 2023, s. 9, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS9@Hpb@EN) .  .  .  .  .  .  .  .   > > > > > > > (b) is subject to any conditions the Treasurer determines. > > > (3)  The Treasurer is to make any payment required under or arising from a guarantee or indemnity out of money provided by Parliament for the purpose. > > > (4)  [*\[Section 12 Subsection (4) amended by No. 22 of 2023, s. 9, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS9@Hpd@EN) [*\[Section 12 Subsection (4) amended by No. 22 of 2023, s. 9, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS9@Hpc@EN) This section has effect regardless of where the obligation was undertaken, agreed to be undertaken or required to be performed.