GUARANTEE OF STATE AND TERRITORY BORROWING WEBSITE

On 25 March 2009, the Australian Government announced that it would provide a guarantee over state and territory government borrowing to assist state and territory governments to continue to access funding in light of the considerable financial market turbulence at that time... Under the Guarantee, state and territory governments can apply for a guarantee over new and existing securities. However, the option to guarantee existing stock is only open to state and territory governments for 28 days from when they first apply. The guarantee is only available to issuance denominated in Australian dollars. Use of the Guarantee is voluntary.

Primary location: Sydney