14Guarantee or indemnity

14 Guarantee or indemnity

(1)  On the written request of the Company or a subsidiary of the Company, the Treasurer, in writing, may guarantee, give an indemnity in relation to, or guarantee and give an indemnity in relation to –

(a) [Section 14 Subsection (1) amended by No. 22 of 2023, s. 34, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

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

(2)  A guarantee or an indemnity –

(a) [Section 14 Subsection (2) amended by No. 22 of 2023, s. 34, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

(b) is subject to any conditions determined by the Treasurer and specified in the guarantee or indemnity.

(3)  The Treasurer is to make any payment required under or arising from a guarantee or indemnity out of money provided by Parliament for the purpose.

(4)  [Section 14 Subsection (4) amended by No. 22 of 2023, s. 34, Applied:01 Jul 2023] [Section 14 Subsection (4) amended by No. 22 of 2023, s. 34, Applied:01 Jul 2023] This section has effect regardless of whether the obligation was undertaken, agreed to be undertaken or required to be performed in Tasmania or elsewhere.