Document ID: chunk:federal_register_of_legislation:F2024C01285:reg:34
Version: federal_register_of_legislation:F2024C01285
Segment Type: reg
Provision Reference: reg 34
Character Range: 120892–121575

34  Approval needed if liabilities to exceed the prescribed amount
 (1) The Board must not enter into a transaction which would result in the sum of:
 (a) the total guaranteed liabilities of Housing Australia; and
 (b) the current value of the AHBA reserve;
exceeding $26 billion.
 (2) In this section:
total guaranteed liabilities of Housing Australia, at a particular time, means the sum of the current values of all amounts that are, or can be as a consequence of current liabilities of Housing Australia (other than guarantee liabilities) expected to be:
 (a) payable to a person other than the Commonwealth; and
 (b) guaranteed by the Commonwealth under section 51 of the Act.