Australian Capital Territory Repealed Acts

This legislation has been repealed.

FINANCIAL INSTITUTIONS (APPLICATION OF LAWS) ACT 1992 (REPEALED) - SECT 9

        (a)     apply as regulations in force for the purposes of the Financial Institutions (ACT) Code, subject to subsection (2); and

        (b)     as so applying, may be referred to as the Financial Institutions (ACT) Regulations.

(2) Regulations made for the purposes of section 65 of the Financial Institutions Code set out in section 30 of the Financial Institutions Act do not apply as regulations in force for the purposes of the Financial Institutions (ACT) Code.

(3) Subject to subsection (4), where regulations under Part 3 of the Financial Institutions Act take effect from a specified day that is earlier than the day when they are notified in the Queensland Government Gazette under section 28A of the Acts Interpretation Act 1954 of Queensland, subsection (1) has effect, and is taken always to have had effect, as if those regulations had taken effect under the Financial Institutions Act from the specified day.

(4) To the extent that a provision of the Financial Institutions (ACT) Regulations is taken because of a particular application of subsection (3) to have effect, or to have had effect, before the day of notification of the regulations referred to in that subsection, the provision—

        (a)     operates only to the advantage of a person affected by the provision (other than the Territory or a Territory authority) by—

              (i)     increasing the person's rights; or

              (ii)     relieving the person of liabilities; and

        (b)     does not operate to the disadvantage of such a person by—

              (i)     decreasing the person's rights; or

              (ii)     imposing liabilities on the person.

(5) Subsection (4) does not affect any other operation that the provision has because of subsection (3) or otherwise.

Interpretation of some expressions in the Code and Regulations