Northern Territory Consolidated Acts

TERRITORY INSURANCE OFFICE (SALE) ACT 2014 - SECT 33

    (1)     The guarantee provided by the Territory under section 30(1)(a) of the TIO Act as in force immediately before the insurance sale date, ceases on the insurance sale date.

    (2)     The guarantee provided by the Territory under section 30(1)(b) of the TIO Act or section 35 of the MACC Act ceases to apply:

        (a)     in relation to each deposit that is included in the sale of the banking business – on the banking sale date; and

        (b)     in relation to each other deposit – on 31 March 2015.