Document ID: chunk:federal_register_of_legislation:C2017A00117:clause:2_42
Version: federal_register_of_legislation:C2017A00117
Segment Type: clause
Provision Reference: sch 2 cl 42
Character Range: 17889–18508

42  Options exercised on or after start day of service
 (1) This Part also applies to a liability to make a payment under a financial arrangement if:
 (a) the liability is a liability of:
 (i) a member who renders defence service; or
 (ii) a dependant of a member who renders defence service; and
 (b) the liability arose when the member or dependant exercised, on or after the start day of the service, an option under the financial arrangement to buy or lease something (including land); and
 (c) the option was granted before the start day.
 (2) This section is subject to the exceptions in sections 44, 45 and 46.