Investor Presentaiton
Queensland State Government Guarantee
The Treasurer of Queensland, on behalf of the State Government, guarantees:
■ QTC's obligations under the debt securities issued by QTC, and
■ QTC's payment obligations to counterparties under derivative transactions governed by ISDA agreements.
In respect to all domestic securities issued by QTC, section 32 of the Queensland Treasury Corporation Act 1988
provides a statutory guarantee of QTC's obligations to stockholders:
Section 32
The due repayment of principal on inscribed stock issued in accordance with this Act and,
where payable, the due payment of interest relating to the inscribed stock are guaranteed
by the Treasurer, on behalf of the Government.
Section 33 of the Queensland Treasury Corporation Act empowers the Treasurer to guarantee due payment
of moneys and due performance of obligations in accordance with financial arrangements or other
arrangements entered into by QTC. Such discretionary guarantees have been granted by the Treasurer and
continue to operate in support of QTC's offshore debt facilities.
All payments by the State Government under these guarantees are appropriated under section 34 of the
Queensland Treasury Corporation Act, meaning they can be paid from the State's Consolidated Fund without
any further legislative approval.
QTC
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