New South Wales Consolidated Acts
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GOVERNMENT GUARANTEES ACT 1934 - SECT 2
Validation
2 Validation
(1) The action of the Governor and Executive Council or the Treasurer in
authorising the giving of the guarantees set out in the Schedule is hereby
validated and any such authorisation shall be deemed a guarantee by the
Government notwithstanding that no formal instrument of guarantee has been
executed.
(2) No guarantee so authorised shall be held to be void merely on
the ground that the person by whom such guarantee was so authorised or given
had no power to create a liability enforceable against the Government and to
be discharged out of the Consolidated Revenue Fund.
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