Unless the contrary intention appears, a reference in an Act (other than this Act) or a legislative instrument to a friendly society has effect on and after the transfer date as a reference to a body—
(a) that, immediately before the transfer date, was a society within the meaning of the Friendly Societies Code; or
(b) a body that is a friendly society for the purposes of the Life Insurance Act 1995 of the Commonwealth.
Division 8—Regulations