QLDIn ForceAct
Statutory Bodies Financial Arrangements Act 1982
sec.15State guarantee may only be given under this division
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### sec.15 State guarantee may only be given under this division
A guarantee, by or for the State, of the performance of a statutory body’s obligations under a financial arrangement entered into by the body under this Act or another Act may be given only under section 16 .
A provision in another Act requiring or allowing a Minister to guarantee the performance of a statutory body’s obligations under a financial arrangement entered into by the body under this Act or another Act is taken to be a provision requiring or allowing the Treasurer only to guarantee the performance for the State under section 16 .
However, this section must not be construed as limiting the effect of an Act that itself guarantees anything.
s 15 prev s 15 om 1994 No. 31 s 6 sch 2
pres s 15 ins 1996 No. 54 s 6
(sec.15-ssec.1) A guarantee, by or for the State, of the performance of a statutory body’s obligations under a financial arrangement entered into by the body under this Act or another Act may be given only under section 16 .
(sec.15-ssec.2) A provision in another Act requiring or allowing a Minister to guarantee the performance of a statutory body’s obligations under a financial arrangement entered into by the body under this Act or another Act is taken to be a provision requiring or allowing the Treasurer only to guarantee the performance for the State under section 16 .
(sec.15-ssec.3) However, this section must not be construed as limiting the effect of an Act that itself guarantees anything.