Commonwealth Numbered Acts

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TERRORISM INSURANCE ACT 2003 No. 43, 2003 - SECT 35

Commonwealth guarantee
(1)
The Commonwealth guarantees the due payment of money that may become payable by the Corporation to any person other than the Commonwealth.

(3)
If at any time the Corporation considers it likely that it will be unable to discharge all its liabilities, after taking into account the guarantee under this section, then the Corporation must give the Minister a written notice to that effect.



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