Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1409

Regulations may deal with transitional matters

(1) The regulations may deal with matters of a transitional nature relating to the transition from the application of provisions of the old corporations legislation of the States and Territories in this jurisdiction to the application of provisions of the new corporations legislation. The regulations have effect despite anything else in this Part, other than section 1375. (2) Without limiting subsection (1), the regulations may provide for a matter to be dealt with, wholly or partly, in any of the following ways:

(a)
by applying (with or without modifications) to the matter:

(i)
provisions of the old corporations legislation of the States and Territories in this jurisdiction, as in force immediately before the commencement or at some earlier time; or
(ii)
provisions of the new corporations legislation; or
(iii)
a combination of provisions referred to in subparagraphs (i) and (ii);
(b)
by otherwise specifying rules for dealing with the matter;

(c)
by specifying a particular consequence of the matter, or of an outcome of the matter, for the purposes of the new corporations legislation.

(3) The regulations may provide that certain provisions of this Part are taken to be modified as set out in the regulations. Those provisions then have effect as if they were so modified. (4) Despite subsection 48(2) of the Acts Interpretation Act 1901 , regulations for the purposes of this section may be expressed to take effect from a date before the regulations are notified in the Gazette . (5) In this section:

"matters of a transitional nature "also includes matters of an application or saving nature.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback