Victorian Consolidated Legislation

House Contracts Guarantee Act 1987 - SECT 11A

State to become liable for guarantees

11A. State to become liable for guarantees

Despite anything to the contrary in this Part, on the appointed day-

   (a)  the State becomes liable under any guarantee given by HGFL under this
        Act to the extent of HGFL's liability under that guarantee; and

   (b)  HGFL ceases to be liable under that guarantee.