100Treasurer may give guarantee

100 Treasurer may give guarantee

S. 100(1) substituted by No. 91/1997
s. 34(1).

(1) The Treasurer may, on behalf of the Government of Victoria, execute a guarantee, on such terms and conditions as the Treasurer determines, in favour of any person guaranteeing the due satisfaction of amounts that become payable by a public gas company under section 19(1) or 88B(1) or because of Part 7 or of amounts that become payable, and of other actions required to be performed, as a result of, or in connection with, the discharge of liabilities or the performance of obligations of a public gas company.

(2) Any sums required by the Treasurer in fulfilling any liability arising under a guarantee given under this section shall be paid out of the Consolidated Fund, which is to the necessary extent appropriated accordingly.

S. 100(3) amended by No. 91/1997
s. 34(2).

(3) Any sums received or recovered by the Treasurer from a public gas company or otherwise in respect of any sum paid by the Treasurer under a guarantee shall be paid into the Consolidated Fund.

S. 100(4) inserted by No. 91/1998 s. 20(2), repealed by No. 39/1999 s. 29(a).

S. 101 amended by No. 91/1997
s. 35, repealed by No. 73/2005 s. 4(Sch. 2 item 3.11).

S. 101A inserted by No. 91/1997
s. 36, amended by No. 91/1998 s. 20(3) (ILA s. 39B(1)).