78Characterisation of limitation laws

78 Characterisation of limitation laws

78 Characterisation of limitation laws

(1) In this section—

limitation law means a law (including but not limited to this Act) that provides for the limitation or exclusion of any liability or the barring of a right of action in respect of a claim by reference to the time when a proceeding on, or the arbitration of, the claim is commenced.

(2) A limitation law of the State is to be regarded as part of the substantive law of the State.

(3) This section extends to a cause of action that arose before the commencement of this section, but does not apply to proceedings instituted before the commencement of this section.

s 78: Ins 1993 No 95, sec 3.