Victorian Current Acts Victorian Current Acts(1) The Shell Company of Australia Limited as deemed to be incorporated under the Companies Act 1961 shall for all purposes be and be deemed to be the same company as the Company existing under the Companies Act 1948 and the continuity status and operation of the Company shall not in any way be affected nor shall any property powers rights authorities duties functions liabilities or obligations of the Company or any legal or other proceedings instituted or to be instituted by or against the Company be affected.
(2) Without limiting the generality of the foregoing provisions of this section it is hereby declared that section fifty and sub-section (2) of section fifty-two of the Companies Act 1961 do not apply to the Shell Company of Australia Limited.