(1) If immediately
before the transfer day for a transferred co-operative an inspection or
inquiry into the affairs of the co-operative as previously incorporated has
started under the Companies (Co-operative) Act 1943 and not been completed,
the inspection or inquiry is to be completed under that Act whether or not it
has been repealed.
(2) For the purposes
of this section, an inspection or inquiry is completed when the findings of
that inspection or inquiry are reported.
(3) The reported
findings of an inspection or inquiry completed under subsection (1) in
relation to a transferred co-operative may, in relation to that co-operative,
be used for any purpose that the reported findings of an inquiry or inspection
under this Act may be used for.