24Other guarantees and arrangements lapse

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24 Other guarantees and arrangements lapse

Except as otherwise provided in this Act—

(a) the deeds referred to in Part C of Schedule 2; and

(b) all guarantees, indemnities and other support and all other arrangements under which the Government or State of Victoria by Act or otherwise guaranteed, indemnified or otherwise supported the performance, satisfaction or discharge of obligations or liabilities of the State Bank or a related corporation, other than Tricontinental—

lapse on the succession day and have no further force or effect.

Section 24 - State Bank (Succession of Commonwealth Bank) Act 1990 - Other guarantees and arrangements lapse | Zoe