Schedule 1—Savings, transitional and other provisions
1—Regulations
(1) The regulations
may contain provisions of a savings or transitional nature consequent on the
enactment of the Partnership (Venture Capital Funds) Amendment Act 2005 .
(2) Any such provision
may, if the regulations so provide, take effect from the date of assent to the
Act concerned or a later date.
(3) To the extent to
which any such provision takes effect from a date that is earlier than the
date of its publication in the Gazette, the provision does not operate so
as—
(a) to
affect, in a manner prejudicial to any person (other than the State or an
authority of the State), the rights of that person existing before the date of
its publication; or
(b) to
impose liabilities on any person (other than the State or an authority of the
State) in respect of anything done or omitted to be done before the date of
its publication.
2—Saving of existing limited partnerships
(1) The Register of
Limited Partnerships kept under Part 3 as in force immediately before the
commencement of this clause is taken on that commencement to be the Register
of Limited and Incorporated Limited Partnerships required to be kept under
Part 3 as amended by the Partnership (Venture Capital Funds) Amendment Act
2005 .
(2) Subject to this
Act, a partnership registered as a limited partnership before the commencement
of this clause is taken on that commencement to be registered as a
limited partnership in the division of limited partnerships in the Register.