12Prescribed joint ventures—the Act, s 6.12(2)(c)

12 Prescribed joint ventures—the Act, s 6.12(2)(c)

12 Prescribed joint ventures—the Act, s 6.12(2)(c)

Each of the following common understandings is prescribed as a joint venture—

(a) becoming a guarantor under a general guarantee,

(b) becoming an assurer under a letter of comfort,

(c) becoming an assurer under a letter of financial support,

(d) an arrangement involving a combination of 2 or more of the common understandings specified in paragraphs (a)–(c), whether those understandings form the whole subject of the understanding or form only part of an understanding.