Transport Infrastructure Act 1994

For the purpose of giving guarantees or undertakings to a franchisee, the following sections of the Statutory Bodies Financial Arrangements Act 1982 apply, with all necessary changes and any changes prescribed by regulation, to the franchisee as if the franchisee were a statutory body within the meaning of the Act—

• section 14 (Conditions precedent to financial arrangements and other matters)

• section 16 (Guarantees for the State)

• section 18 (Requirement for security)

• section 19 (Guarantee may include waiver of immunity and other provisions)

• section 20 (Guarantee not affected by transfer of liability)

• part 3, division 3 (Consequences if payment required under guarantee).