New South Wales Consolidated Acts

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MORATORIUM ACT 1932 - SECT 5

Non-application of Act to certain mortgages

5 Non-application of Act to certain mortgages

(cf Act No 48, 1930, s 13 (1) (d) (e))
This Act shall not apply to:

(a) any mortgage to secure the repayment of a loan to one of its members by a building society registered under or included in the Second Schedule to the Co-operation Act 1923-1931 , or registered under the Permanent Building Societies Act 1967 , or
(b) any mortgage to secure the repayment of a loan granted by a registered friendly society to one of its members or to a person who is not a member of the society, if the Minister, by notice in writing, declares that the mortgage is one or one of a class specified by him to which it is undesirable that this Act should apply.



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