ANL Guarantee Act 1994

ANL Guarantee Act 1994

Act No. 145 of 1994 as amended

This compilation was prepared on 21 February 2000
taking into account amendments up to Act No. 146 of 1999

The text of any of those amendments not in force
on that date is appended in the Notes section

Prepared by the Office of Legislative Drafting,
Attorney‑General’s Department, Canberra

Contents

1 Short title [see Note 1]...........................

2 Commencement [see Note 1].......................

3 Definitions..................................

4 Treasurer may guarantee loans.......................

5 Delegation..................................

6 Regulations..................................

Notes 

An Act to provide for the guarantee of loans made in relation to ANL Limited, and for related purposes

1  Short title [see Note 1]

  This Act may be cited as the ANL Guarantee Act 1994.

2  Commencement [see Note 1]

  This Act commences on the day on which it receives the Royal Assent.

3  Definitions

  In this Act, unless the contrary intention appears:

ANL Limited means the company of that name referred to in the ANL Act 1956.

payments under a loan agreement means repayments of principal, payments of interest, or both, under a loan agreement (including a loan agreement made before the commencement of this Act).

4  Treasurer may guarantee loans

 (1) To help ANL Limited to continue to trade in an orderly fashion or restructure its business interests, the Treasurer may make determinations, and enter into agreements, under this section.

 (2) If the Treasurer makes a written determination that the Commonwealth guarantees payments under a loan agreement, the payments are guaranteed by the Commonwealth by force of this subsection. The guarantee is subject to any terms and conditions set out in the determination.

 (3) On behalf of the Commonwealth, the Treasurer may enter into a written agreement under which the Commonwealth guarantees payments under a loan agreement.

 (4) This section does not limit the Commonwealth's executive power, or its power under any other Act, to give guarantees.

5  Delegation

 (1) The Treasurer may delegate by written instrument any of the Treasurer’s powers under this Act to a person who is an SES employee or acting SES employee in the Department.

 (2) In exercising any of the powers under the delegation, the person must comply with any directions of the Treasurer.

6  Regulations

  The Governor‑General may make regulations prescribing matters:

 (a) required or permitted by this Act to be prescribed; or

 (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.

Notes to the ANL Guarantee Act 1994

Note 1

The ANL Guarantee Act 1994 as shown in this compilation comprises Act No. 145, 1994 amended as indicated in the Tables below.

Table of Acts

(a) The ANL Guarantee Act 1994 was amended by Schedule 1 (items 96 and 97) only of the Public Employment (Consequential and Transitional) Amendment Act 1999, subsections 2(1) and (2) of which provide as follows:

 (1) In this Act, commencing time means the time when the Public Service Act 1999 commences.

 (2) Subject to this section, this Act commences at the commencing time.

Table of Amendments

ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted