This power, in fact, builds on a power that was provided in the financial crisis, and the Minister of Finance, during that time, was provided the authority to enter into a contract with an entity to provide a loan, a line of credit or a guarantee to an entity. In this very unprecedented time, and our being able to or needing to be able to respond as required, as circumstances warrant, it was deemed appropriate to not just make a guarantee, loan or purchase an entity, but to create one through the government as another tool for financial stability if it's warranted in this time.
On May 4th, 2020. See this statement in context.