Document ID: chunk:federal_register_of_legislation:C2005C00181:section:4
Version: federal_register_of_legislation:C2005C00181
Segment Type: section
Provision Reference: s 4
Character Range: 1361–2070

4  Guarantee

 (1) The Finance Minister may, on behalf of the Commonwealth, at the request of the Society and subject to the conditions required by this Act, give one guarantee in respect of the repayment by the Society of one‑half of the principal moneys in relation to a borrowing of moneys by the Society for the purpose of repaying debts owed by the Society.

 (2) A guarantee shall not be given under subsection (1) that would render the Commonwealth liable to pay an amount that exceeds, or amounts that in the aggregate exceed, $4,500,000 or one‑half of so much of the principal moneys referred to in that subsection as have not for the time being been repaid by the Society, whichever is the less.