CTHRepealedAct
Wool International Privatisation Act 1999
26Limited continuation of Commonwealth guarantee
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#### 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amount would have been guaranteed under subsection 53(7) of the Wool International Act if that subsection had not been repealed by this Act.