South Australian Current Acts

SOUTH AUSTRALIAN PORTS (DISPOSAL OF MARITIME ASSETS) ACT 2000 - SECT 11

11—Government guarantee

        (1)         A Government guarantee has no application in relation to—

            (a)         liabilities transferred by a transfer order or sale/lease agreement (unless the liabilities are transferred back to the Corporation); or

            (b)         liabilities of a company that was a State-owned company before the shares in the company were transferred to a purchaser.

        (2)         In this section—

"Government guarantee" means—

            (a)         a guarantee under section 28 of the Public Corporations Act 1993 ;

            (b)         a guarantee or indemnity given by the Corporation;

            (c)         a guarantee or indemnity under section 19 of the Public Finance and Audit Act 1987 .