26Limited continuation of Commonwealth guarantee

26 Limited continuation of Commonwealth guarantee

After the conversion time, the due payment by WoolStock Australia Limited of an amount is, by force of this section, guaranteed by the Commonwealth if: (a) the amount is payable by WoolStock Australia Limited under an obligation incurred before the conversion time; and (b) that obligation has not been varied, after the conversion time, without the written consent of the Minister who administers the Financial Management and Accountability Act 1997; and (c) the repayment of the amount would have been guaranteed under subsection 53(7) of the Wool International Act if that subsection had not been repealed by this Act.