sch.6-sec.4When fixed price residential contract ends

### sch.6-sec.4 When fixed price residential contract ends A fixed price residential contract ends if— the contract is validly terminated on the default of the licensed contractor; or the licensed contractor dies; or the licensed contractor is a company and the company no longer exists; or both of the following apply— the licensed contractor is bankrupt or insolvent, or takes advantage of the laws of bankruptcy as a debtor under the Bankruptcy Act 1966 (Cwlth) or a similar law of a foreign jurisdiction; the licensed contractor’s licence is cancelled. In this section— validly terminated , for a fixed price residential contract, does not include mutual abandonment of the contract by the parties to the contract. (sch.6-sec.4-ssec.1) A fixed price residential contract ends if— the contract is validly terminated on the default of the licensed contractor; or the licensed contractor dies; or the licensed contractor is a company and the company no longer exists; or both of the following apply— the licensed contractor is bankrupt or insolvent, or takes advantage of the laws of bankruptcy as a debtor under the Bankruptcy Act 1966 (Cwlth) or a similar law of a foreign jurisdiction; the licensed contractor’s licence is cancelled. (sch.6-sec.4-ssec.2) In this section— validly terminated , for a fixed price residential contract, does not include mutual abandonment of the contract by the parties to the contract. - (a) the contract is validly terminated on the default of the licensed contractor; or - (b) the licensed contractor dies; or - (c) the licensed contractor is a company and the company no longer exists; or - (d) both of the following apply— (i) the licensed contractor is bankrupt or insolvent, or takes advantage of the laws of bankruptcy as a debtor under the Bankruptcy Act 1966 (Cwlth) or a similar law of a foreign jurisdiction; (ii) the licensed contractor’s licence is cancelled. - (i) the licensed contractor is bankrupt or insolvent, or takes advantage of the laws of bankruptcy as a debtor under the Bankruptcy Act 1966 (Cwlth) or a similar law of a foreign jurisdiction; - (ii) the licensed contractor’s licence is cancelled. - (i) the licensed contractor is bankrupt or insolvent, or takes advantage of the laws of bankruptcy as a debtor under the Bankruptcy Act 1966 (Cwlth) or a similar law of a foreign jurisdiction; - (ii) the licensed contractor’s licence is cancelled.