Government Guarantees Act 1934
2Validation
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2 Validation
2 Validation
(1) The action of the Governor and Executive Council or the Treasurer in authorising the giving of the guarantees set out in the Schedule is hereby validated and any such authorisation shall be deemed a guarantee by the Government notwithstanding that no formal instrument of guarantee has been executed.
(2) No guarantee so authorised shall be held to be void merely on the ground that the person by whom such guarantee was so authorised or given had no power to create a liability enforceable against the Government and to be discharged out of the Consolidated Revenue Fund.
s 2: Am 1972 No 49, sec 2 (b).