Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 82

82 Certain loans by QTC taken to be guaranteed

(1) This section applies to a loan made before the commencement by QTC to an entity if, at the commencement—

(a) the loan has not been discharged; and

(b) there is no existing guarantee, or no guarantee under another Act, in relation to the entity’s obligations under the loan.

(2) On the commencement, the Treasurer is taken, for the State, to have guaranteed (a
"special guarantee" ) the entity’s obligations under the loan to make payments.

(3) The conditions of the special guarantee are the conditions prescribed under a regulation under section 78 for special guarantees.

(4) However subsection (2) , and the conditions prescribed for a special guarantee, are subject to an express provision in a document relating to the loan and signed before the commencement.