Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This Part also applies to a liability of a member or of his or her dependant to make a payment under an agreement if:
(a) the member or dependant had an option to buy or lease something (including land) that was granted before the member’s call out day; and
(b) on exercising the option under the agreement on or after that day, the member or dependant became liable to make the payment.
(2) However, this section is subject to the exceptions in sections 44, 45 and 46.
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