Tasmanian Public Finance Corporation Act 1985
15Government guarantee
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15 Government guarantee
(1) [Section 15 Subsection (1) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] *[Section 15 Subsection (1) amended by No. 4 of 1995, s. 14 and Sched. 1 ]*Liabilities incurred or assumed by the Corporation in pursuance of this Act are guaranteed by the State, and any liability of the Crown arising by virtue of this subsection shall be a charge on the Public Account, and shall be payable out of the Public Account without further appropriation than this section.
(2) [Section 15 Subsection (2) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] *[Section 15 Subsection (2) amended by No. 4 of 1995, s. 14 and Sched. 1 ]*Where an amount is paid by the State under the guarantee created by subsection (1) , the Corporation is liable to pay an amount equal to that amount to the Treasurer, for credit of the Public Account, by such instalments, at such times, and with such interest, as the Treasurer determines.