New South Wales Consolidated Acts

MORATORIUM ACT 1932 - SECT 3

3 Repeal of Act No 48, 1930; Act No 43, 1931; and ss 2 & 4 of Act No 66, 1931

(1) The Moratorium Act 1930-1931 , and sections two and four of the Moratorium and Interest Reduction (Amendment) Act 1931 , are hereby repealed.

(2) All regulations made under the Moratorium Act 1930 , or any amendment thereof and in force at the commencement of this Act shall, to the extent to which they are not inconsistent with this Act, continue in force until repealed or replaced by regulations under this Act.

(3) The repeal enacted by this section shall not, unless the contrary intention in this Act appears, affect:

(a) any right accrued or obligation incurred before the commencement of this Act under any enactment so repealed,

(b) any action or proceeding pending or uncompleted at the commencement of this Act.

(4) Every such action or proceeding may be carried on and completed as if such repeal had not been enacted.

(5) Nothing in the last preceding two subsections contained shall limit any saving in the Interpretation Act of 1897 .

(6) The repeal enacted by this section shall not, nor shall any provision of this Act operate to increase the rate at which immediately prior to the commencement of this Act interest may be lawfully charged under any mortgage.