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## Note 45 – Deed of cross guarantee 

Pursuant to ASIC Class Order 98/1418 (as amended), the wholly-owned subsidiaries identified in Note 41 are relieved from the Corporations Act 2001  requirements to prepare and lodge an audited financial report, and a Directors’ report. 

As a condition of the Class Order, the Parent Entity and each of the identified subsidiaries (the Closed Group) have entered into a Deed of Cross Guarantee. The effect of the Deed is that the Parent Entity guarantees to each creditor, payment in full of any debt in the event of winding up of any of the subsidiaries under certain provisions of the Corporations Act 2001 . The subsidiaries have also given a similar guarantee in the event that the Parent Entity is wound up. 

The following wholly-owned subsidiaries became a party to the Deed of Cross Guarantee on 28 June 2011, by virtue of a Deed of Assumption. 

AGL Cooper Basin Pty Ltd AGL Gas Storage Pty Ltd 

AGL Upstream Gas (Mos) Pty Limited The Australian Gas Light Company 

The following wholly-owned subsidiaries were released from their obligations under the Deed of Cross Guarantee by executing Revocation Deeds during the reporting period: 

AGL Pipelines Investments (QLD) Pty Limited AGL Power Generation (NSW) Pty Limited AGL Power Generation (QLD) Pty Limited AGL (SG) Pty Limited AGL (SG) (Wyong) Operations Pty Limited AGL (SHL) Pty Limited AGL Southern Hydro Holdings Pty Limited 

AGL Southern Hydro Investments Pty Ltd AGL Southern Hydro Pty Limited Australian Energy Ltd Geogen Australia Pty Ltd Geogen Pty Limited Oaklands Hill Wind Farm Pty Ltd 

Set out below is the consolidated income statement, statement of comprehensive income, statement of financial position and a summary of movements in retained earnings of the entities party to the Deed of Cross Guarantee. 

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