Section 24
Mitigation plan in relation to financial guarantee
of Public Finance and Fiscal Responsibility Act 2023
ActIn forceProvision 24 of 38
Section 24
(1)
Where there is a possibility for an event of default or there is a significant event that may result in a default by the recipient of the financial guarantee, the Minister shall lay the mitigation plan before the House of Representatives.
(2)
Where the mitigation plan involves the utilization of amount from the Consolidated Fund, the amount shall be appropriated for in the expenditure estimates.