New South Wales Consolidated Acts

INTEREST REDUCTION ACT 1931 - SECT 2

2 Construction

(1) This Act shall be read and construed subject to the Commonwealth of Australia Constitution Act and so as not to exceed the legislative power of the State, to the intent that where any provision of this Act or the application thereof to any person or circumstances is held invalid the remainder of this Act and the application of such provision to other persons or circumstances shall not be affected.

(2) Without limiting the generality of the provisions of subsection one of this section, this Act shall be read and construed subject to the agreement ratified by the Financial Agreement Ratification Act 1928 , and to the agreement ratified by the Debt Conversion Agreement Act 1931 .