17
CurrentGeneral guarantee
Part 5Government guarantee
17 General guarantee
The Treasurer guarantees a liability of a designated transferee company if—
(a)
the liability falls due before the transferee company's date of divestiture; and
(b)
a written demand on the transferee company for payment is made within 12 months after the liability falls due (but if the liability falls due on the making of a written demand for payment, no further demand is required under this paragraph).
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