(1) Any money paid by the Crown under a guarantee or indemnity given under section 125I(2) constitutes a debt due to the Crown from the person for whom the guarantee or indemnity was given.
(2) A debt referred to in subsection (1)—
(a) is recoverable in any court of competent jurisdiction:
(b) may be paid over any period of time and on any terms and conditions that the Minister of Finance thinks fit:
(c) may be written down by the Minister of Finance (except that the debt must not be written down below its market value other than in accordance with an appropriation, or other authority, by or under an Act).
(3) This section does not limit or affect any other rights that the Crown may have as guarantor or indemnifier.
Section 125L: inserted, on 23 July 2011, by section 7 of the Weathertight Homes Resolution Services (Financial Assistance Package) Amendment Act 2011 (2011 No 50).