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Housing Loans Insurance Corporation (Transfer of Pre-transfer Contracts) Bill 2006

Part 2 Declaration


5   Vesting day and acquirer

             (1)  The Minister may, by written instrument, declare that:

                     (a)  a specified day is the vesting day for the purposes of this Act; and

                     (b)  a specified person is the acquirer for the purposes of this Act.

             (2)  The day specified in the instrument must not be earlier than the day on which the instrument is made.

Publication in Gazette

             (3)  The Minister must publish a copy of an instrument made under subsection (1) in the Gazette .

             (4)  A failure to comply with subsection (3) does not affect the validity of any declaration made under this section.

Instruments not legislative instruments

             (5)  An instrument made under subsection (1) is not a legislative instrument.