Australian Capital Territory Numbered Acts

TERRITORY OWNED CORPORATIONS AMENDMENT ACT 2004 (NO. 53 OF 2004) - SECT 21

in part 4, insert

28A     Guarantees by corporation

    (1)     A Territory owned corporation or subsidiary must not give a guarantee for the payment of money or the performance of an obligation without the Treasurer's prior written approval.

    (2)     An approval may be subject to conditions stated in the approval.