(a) before the commencement of this Act, a public authority established under an Act amended by this Act, submitted to the Minister, for presentation to the Legislative Assembly, an audited financial statement of its operations for a period which ended before that commencement;
(b) the public authority is, by virtue of that Act as amended by this Act, required to submit such a statement for that period; and
(c) the submitting of that statement to the Minister would, but for the time at which the statement was submitted, have satisfied the requirements imposed on that authority by that Act as amended by this Act;
the submitting of that statement shall—
(d) be taken as sufficient compliance with the relevant requirement; and
(e) be as valid and effectual as if it had been done in accordance with that Act as amended by this Act.
[Presentation speech made in Assembly on 5 June 1990.]
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