Urban Renewal Act 1995

A statutory corporation may, with the approval of the

Minister—

grant a mortgage or charge over an asset of the statutory corporation; or

enter into a contract of guarantee or indemnity; or

issue debentures or promissory notes that are charged over the assets of the statutory corporation generally, or over specified assets of the statutory corporation; or

issue inscribed debenture stock in accordance with a scheme prescribed by the regulations.

The Minister must obtain the concurrence of the Treasurer before giving an approval under subsection (1).

A liability of a statutory corporation incurred with the concurrence of the Treasurer is guaranteed by the

Treasurer.