For the purposes of the Corporations Act 2001 :

(a)

the accounting records kept by ADC before the conversion time under section 20 of the Commonwealth Authorities and Companies Act 1997 are to be treated as financial records of Dairy Australia Limited; and

(b)

an annual report and financial statements prepared in relation to a financial year by ADC under section 9 of the Commonwealth Authorities and Companies Act 1997 are to be treated as a financial report of Dairy Australia Limited for that financial year.