Victorian Consolidated Legislation

House Contracts Guarantee Act 1987 - SECT 60

Construction of instruments

60. Construction of instruments



(1) Each existing instrument that relates to the property, rights or
liabilities of HGFL has effect and continues to have effect according to its
tenor on and after the appointed day as if a reference in the instrument to
HGFL were a reference to the State.

(2) In this section existing instrument means an instrument existing
immediately before the appointed day-

   (a)  to which HGFL was a party; or

   (b)  that was given to or in favour of HGFL; or

   (c)  that refers to HGFL; or





   (d)  under which-

   (i)  money is, or may become, payable to or by HGFL; or

   (ii) other property is to be, or may become liable to be, transferred to or
        by HGFL.