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State Borrowing Guarantee SchemeState Borrowing Guarantee Scheme
Release date:01 May 2009 In response to a media question, the Treasurer today indicated that the NSW Government intends to make use of the proposed State Borrowing Guarantee Scheme.
“TCorp welcomes the Commonwealth Government’s decision to extend the Guarantee arrangements to the States. Since the announcement, the States have been in discussion with the Commonwealth, with a view to finalising the details of the Scheme rules,” said Stephen Knight, TCorp’s Chief Executive.
“Further clarification as to how TCorp intends to make use of the proposed Scheme will be made when details of the Scheme’s operational rules have been finalised, pending the passage of the required legislation.”
The Commonwealth is expected to introduce Appropriation Legislation for the Scheme during the Budget week sitting of Parliament.
For further information, please contact Michael Allen, General Manager Treasury, Client & Risk Services, on (02) 9325 9288.
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