New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.30

6.30 Priorities of obligations under certain financial arrangements and guarantees

(1) All obligations of a GSF agency to make payments or repayments under a borrowing or derivative arrangement for the agency if the repayment or payment is secured on the income and revenue of the agency (whether or not under this Act) rank equally without preference by reason of priority of date or for any other reason.

(2) All obligations of the State under a guarantee under this Act rank equally without preference with all other outstanding obligations of the State.