(1) Subject to earlier
termination under this section, the references terminate on the day that is
the fifth anniversary of the commencement day or on a later day fixed by the
Governor by proclamation under section 6.
(2) Both the
references terminate on a day that is earlier than the
prescribed termination day if the Governor fixes that earlier day by
proclamation under section 7 as the day on which the references
terminate.
(3) The
amendment reference alone terminates on a day that is earlier than the
prescribed termination day if the Governor fixes that earlier day by
proclamation under section 7 as the day on which the amendment reference
terminates.
(4) If the
amendment reference terminates before the initial reference terminates, the
termination of the amendment reference does not affect —
(a) laws
that were made under the amendment reference before that termination but have
not come into operation before that termination; or
(b) the
continued operation in the State of the Corporations legislation as in
operation immediately before that termination or as subsequently amended or
affected by —
(i)
laws referred to in paragraph (a); or
(ii)
provisions referred to in section 4(4)(a) or (b).
(5) For the purposes
of subsection (4) —
(a) the
laws referred to in subsection (4)(a) include Corporations instruments; and
(b) the
reference in subsection (4)(b) to the Corporations legislation as in operation
immediately before the termination of the amendment reference includes that
legislation as affected by Corporations instruments that have come into
operation before that time.