Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 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.


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