Commonwealth Consolidated Acts

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DEFENCE RESERVE SERVICE (PROTECTION) ACT 2001 - SECT 41

Financial liabilities that arise before call out day

             (1)  This Part applies to a liability of a member or of his or her dependant that arose before the member’s call out day to make a payment under one or more of the following:

                     (a)  a secured or unsecured loan;

                     (b)  a hire purchase agreement;

                     (c)  an agreement to buy something (including land);

                     (d)  an agreement to lease something (including land);

                     (e)  a guarantee.

In this Part, they are called agreements .

             (2)  However, this section is subject to the exceptions in sections 44, 45 and 46.



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