CTHRepealedAct
Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996
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Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996
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Turn the raw legal text into a practical explanation grounded in Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996.
(1) Subject to the regulations, on and after the transfer day each instrument (including a legislative instrument other than this Act and the Housing Loans Insurance Act) that was in force immediately before that day: (a) to which the Corporation was a party; or (b) that refers to the Corporation; continues to have effect according to its terms, but a reference in the instrument to the Corporation is taken (except in relation to matters that occurred before that day) to be a reference: (c) if the instrument is a legislative instrument or a contract of insurance—to the Commonwealth; or (d) otherwise—to the Company. (2) Nothing in this section limits, or is limited by, anything in section 7.