Indemnities for third parties

In force

(1)

The authority may give an indemnity to a third party for a territory risk arising under a contract to which the Territory or a territory entity is a party only if the Minister has certified that the giving of the indemnity by the authority is in the Territory’s interest.

(2)

In this section:

third party means an entity other than the Territory or a territory entity.

This Act’s bill:Explanatory statement Second reading speech

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11 Indemnities for third parties