reg 16
In forceGuarantee or indemnity for other subsidiary company subject to Treasurer's approval
Part 3Distribution Lessor Corporation
Division 2Functions and powers
16 Guarantee or indemnity for other subsidiary company subject to Treasurer's approval
The subsidiary must not, without the approval of the Treasurer, give a guarantee or provide an indemnity in respect of liabilities of a company that is a subsidiary of the subsidiary.
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