THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 10 - Transitional

SECTION 991   CONTRACTS MADE UNDER CORRESPONDING PREVIOUS LAW  

991    Any contracts of insurance or indemnity entered into before the commencement of this Part by NSEGC shall be deemed to have been entered into by SEGC under section 982 and have effect as if:

(a)  SEGC were substituted for NSEGC as a party to the contract; and

(b)  a reference in the contract to NSEGC were, except in relation to a time before the commencement of this Part, a reference to SEGC.




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