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RESIDENTIAL TENANCIES ACT 2010 - SECT 183
Guarantees etc by Board
183 Guarantees etc by Board
(1) The Board may, with the approval of the Minister-- (a) guarantee the due
performance of an obligation incurred by a person or body in connection with a
scheme for the provision of residential accommodation, and
(b) make good a
loss incurred by a person or body in connection with a scheme for the
provision of residential accommodation, and
(c) indemnify a person or body
against a liability incurred under a guarantee (provided by the person or
body) of the kind which the Board could provide under this section, and
(d)
enter into and give effect to an agreement to do anything which the Board is
authorised to do under this section.
(2) The following are examples of
schemes for the provision of residential accommodation-- (a) a joint venture
that the Board enters into under this Division,
(b) a residential
accommodation unit trust in which the Board is empowered to invest under this
Division.
(3) A permissible method of making good a loss involving such a
residential accommodation unit trust is investment in units in the trust.
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