47
CurrentLiability exists even if payment not yet due
Part 8Financial liability protection
Division 2Which financial liabilities this Part applies to
47 Liability exists even if payment not yet due
For the purposes of this Part, a person is liable to make a payment if he or she is obliged to make it, even if the due date for payment has not arrived.
This Act’s bill:Explanatory memorandumSecond reading speech
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