16Guarantee or indemnity

### 16 Guarantee or indemnity > > (1)  On the written request of the Corporation or its subsidiary, the Treasurer, in writing, may guarantee, give an indemnity in relation to, or guarantee and give an indemnity in relation to – > > > > > > (a) [*\[Section 16 Subsection (1) amended by No. 22 of 2023, s. 44, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS44@Hpa@EN) .  .  .  .  .  .  .  .   > > > > > > > (b) the performance of an obligation undertaken by the Corporation or subsidiary or which the Corporation or subsidiary has agreed to undertake (whether that obligation is monetary or otherwise). > > > (2)  A guarantee or an indemnity – > > > > > > (a) [*\[Section 16 Subsection (2) amended by No. 22 of 2023, s. 44, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS44@Hpb@EN) .  .  .  .  .  .  .  .   > > > > > > > (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)  [*\[Section 16 Subsection (4) amended by No. 22 of 2023, s. 44, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS44@Hpd@EN) [*\[Section 16 Subsection (4) amended by No. 22 of 2023, s. 44, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS44@Hpc@EN) This section has effect regardless of whether the obligation was undertaken, agreed to be undertaken or required to be performed in Tasmania or elsewhere.