Claims against the Crown and others
6 Claims against the Crown and others
The Crown, FANMAC, the FANMAC trustee and a co-operative housing society, including any persons acting on their behalf, are not subject to any action, liability, claim or demand in respect of—
any HomeFund mortgage, or
any transaction relating to, preliminary to or arising from any HomeFund mortgage, or
the promotion, origination or management of any HomeFund mortgage or related HomeFund scheme.
Subclause (1) extends to, but is not limited to, claims under the Contracts Review Act 1980 or the Fair Trading Act 1987.
This clause does not affect the rights of a person—
who is categorised as Category C or D, as set out in Schedule 1 to the former Act, unless and until the person receives assistance of a kind set out in Category B or C, or
who has ceased to be a HomeFund borrower (otherwise than by means of refinancing) and has not been granted assistance under the restructuring scheme.
This Act’s bill:Explanatory memorandumSecond reading speech
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