17Guarantee or indemnity

17 Guarantee or indemnity

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

(a) [Section 17 Subsection (1) amended by No. 22 of 2023, s. 38, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

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

(2)  A guarantee or an indemnity given under subsection (1) –

(a) [Section 17 Subsection (2) amended by No. 22 of 2023, s. 38, Applied:01 Jul 2023] .  .  .  .  .  .  .  .  

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

(3)  The Treasurer must make any payment required under or arising from a guarantee or an indemnity given under subsection (1) out of money provided by Parliament for the purpose.

(4)  [Section 17 Subsection (4) amended by No. 22 of 2023, s. 38, Applied:01 Jul 2023] [Section 17 Subsection (4) amended by No. 22 of 2023, s. 38, Applied:01 Jul 2023] This section has effect regardless of whether the obligation referred to in subsection (1) was entered into, undertaken, agreed to be entered into or undertaken or required to be performed in Tasmania, elsewhere in Australia or outside Australia.