(1) This section applies on the transfer date.
(2) The Australian Financial Institutions Appeals Tribunal established under section 8 of the AFIC Act ceases to exist by reason of the Financial Sector Reform (Queensland) Act 1999 of Queensland.
(3) All applications made to the Australian Financial Institutions Appeal Tribunal under a Code for review of a decision that have not been decided are taken to have been withdrawn.
(4) In this section—
"Code" means the AFIC Code, Financial Institutions Code or Friendly Societies Code.