This legislation has been repealed.
No agreement or
instrument of guarantee or indemnity for the purposes of this Act shall be
entered into or executed on behalf of the State unless or until —
(a) all
relevant particulars of the matter in relation to which the financial
assistance is to be rendered have been disclosed to the satisfaction of the
Treasurer;
(b) the
terms and conditions of the financial assistance to be rendered are approved
by the Treasurer; and
(c) the
applicant furnishes such security, if any, as the Treasurer may require, and
executes all such instruments as may be necessary for that purpose.
[Section 3B inserted by No. 79 of 1980 s.5.]