TELECOMMUNICATIONS (CONSUMER PROTECTION AND SERVICE STANDARDS) ACT 1999

Commonwealth Numbered Acts

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TELECOMMUNICATIONS (CONSUMER PROTECTION AND SERVICE STANDARDS) ACT 1999 - SECT 90

Levy guarantee (1) This section applies to a person (the first person ) at a particular time if:

(b) the first person ceased to be a carrier during the 2-year period that ended at that time.

(2) The first person must ensure that, at that time, there is in force a guarantee given by a third person in respect of the discharge of the first person's liability (if any) for levy.

(3) The third person must be:

Banking Act 1959

(b) the Reserve Bank of Australia; or

(c) a body corporate formed under the law of a State or Territory to carry on the business of banking within Australia; or

(d) a body corporate whose sole or principal business is the provision of financial accommodation to other persons, where the body corporate is a registered corporation within the meaning of the Financial Corporations Act 1974 ; or

(e) a body corporate accredited in writing by the ACA for the purposes of this paragraph.

(4) A reference in this section to a carrier does not include a reference to a person who, under subsection 16(2), is exempt from section 16.

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