Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 15

15 State guarantee may only be given under this division

(1) A guarantee, by or for the State, of the performance of a statutory body’s obligations under a financial arrangement entered into by the body under this Act or another Act may be given only under section 16 .

(2) A provision in another Act requiring or allowing a Minister to guarantee the performance of a statutory body’s obligations under a financial arrangement entered into by the body under this Act or another Act is taken to be a provision requiring or allowing the Treasurer only to guarantee the performance for the State under section 16 .

(3) However, this section must not be construed as limiting the effect of an Act that itself guarantees anything.