Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 19

19 Guarantee may include waiver of immunity and other provisions

(1) A guarantee under section 16 may include an express provision waiving the State’s or the Treasurer’s immunity, if any, from proceedings under an Act or other law.

(2) Also, the guarantee may include provisions that the guarantee continues to be enforceable despite an event that would or might at law—

(a) otherwise end, or permit the ending of, the guarantee; or

(b) excuse compliance with, or performance of, the guarantee; or

(c) provide a defence to a proceeding to enforce the guarantee.

(3) A provision mentioned in subsection (1) or (2) operates in accordance with its terms, despite an Act or rule of law to the contrary, but is subject to an express provision in the guarantee.