does not result in this Part operating to take same thing to be done several
times under new corporations legislation etc. If, apart from this section, a
provision of this Part (the transitional provision ) would, because each State
or Territory in this jurisdiction had its own old corporations legislation
(containing parallel provisions) before the commencement, operate so that:
- (a)
- a particular thing done before the commencement would be taken to be done,
or have effect, 2 or more times by, under or for the purposes of, a provision
of this Act; or
- (b)
- a right or liability would be created 2 or more times in respect of a
particular event, circumstance or thing that happened before the commencement;
or
- (c)
- a particular result or effect would be produced 2 or more times for the
purposes of the new corporations legislation in relation to the same matter;
the transitional provision is taken to operate so that:
- (d)
- if paragraph (a) appliesthe thing is taken to be done or have
effect only once by, under, or for the purposes of, the provision of the new
corporations legislation; or
- (e)
- if paragraph (b) appliesthe right or liability is created only
once in respect of the event, circumstance or thing; or
- (f)
- if paragraph (c) appliesthe result or effect is produced only
once in relation to the matter.
- Note: So, for example, if a body (because of the operation of
section 102A of the old Corporations Law) was registered under
section 601CB of the old Corporations Law of several States and
Territories and those registrations were still in force immediately before the
commencement, section 1399 does not apply separately to each of those
registrations.