Document ID: chunk:federal_register_of_legislation:C2004A03717:body:0:p31
Version: federal_register_of_legislation:C2004A03717
Segment Type: other
Provision Reference: 
Character Range: 74237–76722

commences.

Other savings provisions
18. (1) In spite of the repeal of section 17b of the Principal Act by this Act, subsections 17b (1) and (2) of that Act, as in force immediately before the commencing day, continue to apply in relation to a dwelling-house built before that day.
(2) In spite of anything in this Act, or in the Principal Act as amended by this Act, section 30 of the Principal Act, as in force immediately before the commencing day, continues to apply on and after that day in relation to the rate of interest to be charged to a borrower, within the meaning of the Principal Act as amended by this Act, in respect of a subsidised advance to the borrower under subclause 5.1.2 of the agreement.

(3) In spite of the repeal of section 38 of the Principal Act by this Act, a contract of insurance under paragraph 38 (4d) (b) of that Act, as in force immediately before the commencing day, continues to have effect on and after that day as if it were a contract of insurance under paragraph 38d (1) (b) of the Principal Act as amended by this Act.
(4) A dwelling-house that was, immediately before the commencing day, taken to be insured with the Corporation under regulations made under subsection 38 (5) of the Principal Act, as in force immediately before that day, shall on and after that day be taken to be insured with the Commonwealth until the interest of the Corporation in the dwelling-house vests in the Bank or the Commonwealth under section 6b or 6d of the Principal Act as amended by this Act.
(5) In spite of the repeal of section 36 of the Principal Act by this Act, subsection 36 (2) of the Principal Act, as in force immediately before the commencing day, continues to apply on and after that day in relation to the application of the proceeds of a sale made by the Corporation under Part VI of the Principal Act, whether before, on or after that day.
(6) In spite of the repeal of sections 36 and 39c of the Principal Act by this Act, section 39c of the Principal Act, as in force immediately before the commencing day, continues to apply on and after that day in relation to amounts payable under subsection 36 (2) of the Principal Act, as continued in effect by this Act.
(7) In this section:
    "commencing day" means the day on which section 10 of this Act commences.

Transitional
19. (1) An application or request under the Principal Act, being an application or request referred to in subclause 5.1 or 5.2 of the agreement, shall be dealt with