New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.27

6.27 Discretionary guarantees

(1) The State may guarantee the due performance by a GSF agency of any obligations incurred by the agency as a result of or in connection with the agency entering into any financial arrangement (whenever entered) as authorised by this Act.

(2) The form of the performance guarantee (including its terms and conditions) are to be determined by the Treasurer. Without limitation, the Treasurer may determine different forms for different guarantees.

(3) The Treasurer may act on behalf of the State for the purposes of giving a guarantee under this section and the Treasurer (or a person appointed by the Treasurer) may execute any relevant document relating to the guarantee.

(4) The regulations may make provision for or with respect to the kinds of guarantees that may, or may not, be given under this section.