Australian Capital Territory Consolidated Acts

TERRITORY-OWNED CORPORATIONS ACT 1990 - SECT 28

The Territory may guarantee, in the way and on the conditions that the Treasurer considers appropriate—

        (a)     the repayment of the principal of, and the payment of interest on, any sum that a territory-owned corporation or subsidiary borrows; and

        (b)     the performance by a territory-owned corporation or a subsidiary of a function or of an obligation under a contract.