Commonwealth Consolidated Acts

ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 - SECT 142G

  (1)   If the TSRA is satisfied that the purpose of a loan made or to be made to:

  (a)   an individual; or

  (b)   a body corporate; or

  (c)   an unincorporated body;

is a purpose for which the TSRA could, in the performance of its functions, make a loan to that borrower, the TSRA may guarantee the due payment of all money (including interest) payable by the borrower in accordance with the terms and conditions of the loan.

  (2)   The TSRA's power to give guarantees is subject to such limits as the Finance Minister determines as to the total amount of money (other than interest) the payment of which may at any time be the subject of guarantees.

  (3)   A guarantee is subject to such terms and conditions as the TSRA determines.