17Guarantee or indemnity

17 Guarantee or indemnity

(1)  On the written request of the Company, the Treasurer, in writing, may give a guarantee or an indemnity to the Company relating to any of the following:

(a) [Section 17 Subsection (1) amended by No. 22 of 2023, s. 31, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(b) the performance of an obligation undertaken by the Company, or which the Company has agreed to undertake, whether that obligation is monetary or otherwise.

(2)  A guarantee or an indemnity –

(a) [Section 17 Subsection (2) amended by No. 22 of 2023, s. 31, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(b) is subject to any conditions that the Treasurer determines and specifies in the guarantee or indemnity.

(3)  The Treasurer must make any required payment out of money provided by Parliament for the purpose.

(4)  [Section 17 Subsection (4) amended by No. 22 of 2023, s. 31, Applied:01 Jul 2023] [Section 17 Subsection (4) amended by No. 22 of 2023, s. 31, Applied:01 Jul 2023] This section has effect regardless of where the obligation was undertaken or agreed to be undertaken or where it is required to be performed.