The
Co-operative Schemes (Administrative Actions) Act 2001 (the validation Act )
applies to administrative actions that have been taken, or have purportedly
been taken, under the NCA (State Provisions) Act as if —
(a) the
NCA (State Provisions) Act were still a relevant State Act for the purposes of
the validation Act; and
(b) for
the purposes of the validation Act, the “commencement time” in
relation to the NCA (State Provisions) Act were the time when section 67 comes
into operation.