17C. Guarantee by the Treasurer
(1) The Treasurer may, in the name and on behalf of the Crown in right of the State, guarantee the payment of any moneys payable by the Minister in respect of moneys borrowed by the Minister under section 17A(1)(b).
(2) A guarantee is to be in such form and contain such terms and conditions as the Treasurer determines.
(3) Before a guarantee is given ¾
(a) the Minister is to give to the Treasurer such security as the Treasurer requires; and
(b) all instruments that are necessary for the purpose are to be executed.
(4) The Treasurer may fix charges to be paid by the Minister to the credit of the Consolidated Fund in respect of a guarantee given under this section.
[Section 17C inserted by No. 27 of 1998 s. 7.]