sec.21Loans from QTC to statutory bodies

### sec.21 Loans from QTC to statutory bodies If, under part 5 , a statutory body borrows from QTC, the Treasurer is taken, for the State, to have guaranteed the body’s obligations under the borrowing to make payments. The conditions applicable to the guarantee are the conditions approved by the Treasurer, by gazette notice, for guarantees under subsection (1) at the time the body borrows from QTC. However for a particular borrowing, the Treasurer may, by gazette notice— direct that the borrowing is not guaranteed; or change the conditions of the guarantee. s 21 sub 1996 No. 54 s 8 (sec.21-ssec.1) If, under part 5 , a statutory body borrows from QTC, the Treasurer is taken, for the State, to have guaranteed the body’s obligations under the borrowing to make payments. (sec.21-ssec.2) The conditions applicable to the guarantee are the conditions approved by the Treasurer, by gazette notice, for guarantees under subsection (1) at the time the body borrows from QTC. (sec.21-ssec.3) However for a particular borrowing, the Treasurer may, by gazette notice— direct that the borrowing is not guaranteed; or change the conditions of the guarantee. - (a) direct that the borrowing is not guaranteed; or - (b) change the conditions of the guarantee.