(1) The Treasurer, on
the Minister’s recommendation, may, in the name and on behalf of the
State, guarantee the payment of any money payable by the Trust in respect of
money borrowed by it under section 62.
(2) A guarantee must
be in a form, and contain terms and conditions, determined by the Treasurer.
(3) Before a guarantee
is given, the Trust must —
(a) give
the Treasurer any security the Treasurer requires; and
(b)
execute all instruments that are necessary for the purpose.
(4) The Treasurer may
fix charges to be paid by the Trust to the credit of the Consolidated Account
in respect of a guarantee given under this section.