28
CurrentEffect of guarantee
28 Effect of guarantee
(1)
The due payment of moneys payable by the Treasurer under a guarantee given under section 27 is guaranteed by the State.
(2)
Any such payment is to be made by the Treasurer and charged to the Consolidated Account, and this subsection appropriates that Account accordingly.
(3)
The Treasurer is to cause to be credited to the Consolidated Account any amounts received or recovered from the Corporation or otherwise in respect of any payment made by the Treasurer under a guarantee given under section 27.
[Section 28 amended: No. 77 of 2006 s. 4 and 5(1).]
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