Northern Territory Consolidated Acts

HOUSING ACT - SECT 42

    (1)     A contract or agreement made by or with the Home Finance Trustee may be enforced:

        (a)     by and against the Chief Executive Officer (Housing) as if the contract or agreement had been made with the Chief Executive Officer (Housing); or

        (b)     against the Home Finance Trustee.

    (2)     Where, in pursuance of subsection (1), a contract is enforceable against the Home Finance Trustee, the Chief Executive Officer (Housing):

        (a)     may discharge all obligations of the Home Finance Trustee under the contract or agreement;

        (b)     may defend any action or resist any arbitration proceeding arising under the contract or agreement; and

        (c)     guarantees the payment of any moneys ordered or awarded to be paid by the Home Finance Trustee in the action or arbitration proceeding.