Queensland Subordinate Legislation as Made

FINANCIAL AND PERFORMANCE MANAGEMENT STANDARD 2019 - REG 66

66 Contract performance guarantees given before commencement

(1) This section applies to a contract performance guarantee in effect immediately before the commencement that complies with—

(a) repealed section 38(2); and

(b) if the contract performance guarantee was given by a contractor—repealed section 39(1).

(2) On the commencement, the contract performance guarantee is taken to comply with—

(a) section 33; and

(b) if the contract performance guarantee was given by a contractor—section 34(1).

(3) In this section—

"contractor" means a person who has entered into a contract with a department’s accountable officer or a statutory body.