Document ID: chunk:federal_register_of_legislation:C2023C00366:section:61
Version: federal_register_of_legislation:C2023C00366
Segment Type: section
Provision Reference: s 61
Character Range: 55186–55854

61  Guarantee of borrowing
 (1) The Finance Minister may, on behalf of the Commonwealth, enter into a contract guaranteeing the performance by the SBS of obligations incurred by it under section 60.
 (2) If the Finance Minister determines in writing that obligations incurred by the SBS under that section are guaranteed by the Commonwealth, the obligations are so guaranteed by force of this subsection.
 (3) A contract under subsection (1) may include:
 (a) a provision agreeing that proceedings under the contract may be taken in a court of a foreign country; or
 (b) a provision waiving the immunity of the Commonwealth from suit in a court of a foreign country.