s 12ZV

Explanation of Division

In force

This Division deals with:

(a)

the application of the Bankruptcy Act 1966 in relation to rights and liabilities arising under or out of a financial supplement contract; and

(b)

the effect of decisions reviewing decisions by the Secretary under this Part; and

(c)

the giving of notice to a student when the student’s obligations to a participating corporation have been assigned to the Commonwealth; and

(d)

the exemption from State and Territory taxes of assignments and other acts and transactions under this Part.

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