Document ID: chunk:federal_register_of_legislation:C2004C01135:clause:2_1061zzba
Version: federal_register_of_legislation:C2004C01135
Segment Type: clause
Provision Reference: sch 2 cl 1061ZZBA
Character Range: 75697–76395

1061ZZBA  Validity of financial supplement contract

 (1) The validity of a financial supplement contract with a person is not affected merely because the person was not eligible to obtain financial supplement when the contract was made, or ceases at a later time to be eligible.

 (2) The contract is not invalid, and is not voidable, under any other law (whether written or unwritten) in force in a State or Territory.

 (3) The contract is not invalid merely because the person is an undischarged bankrupt when the contract is made.

 (4) Bankruptcy does not release a person from his or her obligations under the contract.

Subdivision B—When a financial supplement contract can be cancelled