15Frustrated Contracts Act 1978 No 105

15 Frustrated Contracts Act 1978 No 105

15 Frustrated Contracts Act 1978 No 105

(1) In section 6 (2) of the Frustrated Contracts Act 1978 before its amendment by Schedule 6.10 to the Co-operative Housing and Starr-Bowkett Societies Act 1998:

(a) the reference to a “credit union registered under the Credit Union Act 1969” in section 6 (2) (c) is to be construed as a reference to an authorised credit union, and

(b) the reference to a society registered under the “Permanent Building Societies Act 1967” in section 6 (2) (d) (iii) is to be construed as a reference to an authorised building society.

(2) In section 6 (2) of the Frustrated Contracts Act 1978 after its amendment by Schedule 6.10 to the Co-operative Housing and Starr-Bowkett Societies Act 1998:

(a) the reference to a society registered under the “Friendly Societies Act 1989” is to be construed as a reference to a friendly society, and

(b) the reference to a society registered under the “Financial Institutions (NSW) Code” is to be construed as a reference to an authorised building society or an authorised credit union.

Note—

Subclause (1) will apply to section 6 of the Frustrated Contracts Act 1978 before the amendments to that section by the Co-operative Housing and Starr-Bowkett Societies Act 1998 commence, and will cease to apply when those amendments take effect. Subclause (2) will apply to section 6 once those amendments take effect.