Queensland Consolidated Acts

STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 83

83 Debentures, bonds and inscribed stock issued, and charges over income created, before commencement

(1) Section 36 (2) and (3) do not apply to, or otherwise affect—

(a) debentures, bonds or inscribed stock issued by an entity before the commencement; or

(b) charges over an entity’s income created by the entity before the commencement.

(2) Debentures, bonds, inscribed stock and charges over income, as mentioned in subsection (1) , rank in accordance with the law applicable to them at their date of issue or creation.