Document ID: chunk:federal_register_of_legislation:C2024C00794:section:65bk
Version: federal_register_of_legislation:C2024C00794
Segment Type: section
Provision Reference: s 65BK
Character Range: 329825–330873

65BK  Guarantees
 (1) The NTAI Corporation may guarantee repayment of a loan (including interest on the loan) made to a person or body only if the loan is one that could have been made by the NTAI Corporation in performing its functions.
 (2) A subsidiary of the NTAI Corporation must not give a guarantee.
 (3) The NTAI Corporation rules may prescribe requirements relating to the granting of guarantees by the NTAI Corporation.
 (4) The Minister must not make NTAI Corporation rules for the purposes of subsection (3) without the written agreement of the Finance Minister.
 (5) NTAI Corporation rules made for the purposes of subsection (3) prevail over any rules made for the purposes of section 61 of the Public Governance, Performance and Accountability Act 2013 to the extent of any inconsistency.
Note: Rules made under the Public Governance, Performance and Accountability Act 2013 may prescribe requirements relating to the granting of indemnities, guarantees or warranties by corporate Commonwealth entities: see section 61 of that Act.