Document ID: chunk:federal_register_of_legislation:C2004A03717:body:0:p26
Version: federal_register_of_legislation:C2004A03717
Segment Type: other
Provision Reference: 
Character Range: 62148–64719

the agreement.
"(2) Where this section applies:
    (a) the insurance undertaken in relation to the dwelling-house does not cease to have effect because of the death of the applicant or the happening of any of the things referred to in subparagraph (1) (b) (i), (ii), (iii) or (iv); and
    (b) unless the insurance has already ceased to have effect for some other reason, the Secretary shall give reasonable notice in writing to each person having an interest in the dwelling-house that the insurance will cease to have effect on a day specified in the notice.
"(3) Where the Secretary gives a notice under paragraph (2) (b), the insurance ceases to have effect on the day specified in the notice unless it has already ceased to have effect.
"(4) Where this section applies because of the death of the applicant and the applicant is survived by a widow or widower, the Secretary shall not give a notice under paragraph (2) (b) in relation to the dwelling-house

unless the Secretary is satisfied that a Corporation advance or a subsidised advance will not be, or is unlikely to be, made to the widow or widower in respect of that dwelling-house.

Reinsurance
"38f. The Commonwealth may enter into a contract or arrangement with an insurer to ensure that money will be available to assist in meeting its liabilities under insurances undertaken by it under section 38c.

Payments for fire brigade services
"38g. (1) Where under a law of a State, a person carrying on in that State the business of insuring against the risk of fire is liable to make payments to the State, or to an authority of the State, to assist in meeting the cost of the fire brigade services in the State, the Commonwealth may make payments to the State, or authority, for that purpose.
"(2) The amount of a payment under this section shall not be more than the amount that the Commonwealth would be liable to pay under the law of the State if the law applied to the Commonwealth.

Limitation of liability of Commonwealth
"38h. (1) The amount of the total liability of the Commonwealth to pay money to persons under this Part in relation to contracts of insurance to which it is a party, or that have effect as if the Commonwealth were a party, shall not at any time be more than the total amount of the insurance assets of the Commonwealth at that time.
"(2) In this section:
    'insurance assets' means rights, property and assets vested in the Commonwealth under section 38b or acquired by the Commonwealth as a result of the exercise of its powers under this Part.".
11. After section 40a of the