QLDIn ForceAct
Queensland Treasury Corporation Act 1988
sec.36Protection of investors
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### sec.36 Protection of investors
A person who enters into financial arrangements with the Corporation shall not be bound to inquire into the application of money, credit or other financial accommodation provided by the person and the person shall not be held responsible in any way for the non-application or misapplication thereof.
When a person enters into any financial arrangement or other arrangement of any kind with the Corporation and there is issued any document, writing, contract, security, deed, or other instrument which appears on its face to be duly issued and executed by a person authorised by this Act, the firstmentioned person shall not be bound to inquire whether the financial arrangement or other arrangement was in fact duly authorised or within the power of the Corporation and the issue of such document, writing, security, instrument or deed shall be conclusive evidence in favour of all persons that the Corporation was empowered to enter into the financial arrangement or other arrangement and that approval was duly given to the financial arrangement or other arrangement and that the financial arrangement or other arrangement complies with this Act.
(sec.36-ssec.1) A person who enters into financial arrangements with the Corporation shall not be bound to inquire into the application of money, credit or other financial accommodation provided by the person and the person shall not be held responsible in any way for the non-application or misapplication thereof.
(sec.36-ssec.2) When a person enters into any financial arrangement or other arrangement of any kind with the Corporation and there is issued any document, writing, contract, security, deed, or other instrument which appears on its face to be duly issued and executed by a person authorised by this Act, the firstmentioned person shall not be bound to inquire whether the financial arrangement or other arrangement was in fact duly authorised or within the power of the Corporation and the issue of such document, writing, security, instrument or deed shall be conclusive evidence in favour of all persons that the Corporation was empowered to enter into the financial arrangement or other arrangement and that approval was duly given to the financial arrangement or other arrangement and that the financial arrangement or other arrangement complies with this Act.