Document ID: chunk:federal_register_of_legislation:C1959A00047:section:4
Version: federal_register_of_legislation:C1959A00047
Segment Type: section
Provision Reference: s 4
Character Range: 1227–1897

4  Treasurer may guarantee loans

 (1) The Treasurer may, on behalf of the Commonwealth, guarantee the repayment to the lender of a loan (including interest on the loan) made to:
 (a) a co‑operative building society registered under a law of the Northern Territory of Australia relating to co‑operative societies;
 (b) the Commissioner for Housing holding office under the Housing Loans Ordinance 1949‑1956 of the Northern Territory of Australia; or
 (c) the Housing Commission constituted by the Housing Ordinance 1959 of the Northern Territory of Australia.

 (2) The terms and conditions of the guarantee shall be as agreed to between the Treasurer and the lender.