Delete
section 44A(1) and insert:
(1) A scheme must
specify the period (not exceeding 5 years) for which it is to remain in
force after its commencement.
(2A) Subject to
subsection (2), a scheme (other than an interstate scheme) remains in
force until —
(a) the
period specified under subsection (1) ends; or
(b) the
scheme is revoked; or
(c) the
scheme’s operation ceases because of the operation of another Act; or
(d) the
scheme is declared void, either by an order made by the Supreme Court under
section 28 or by an order made by the Supreme Court of another
jurisdiction under the corresponding law of that jurisdiction; or
(e) the
scheme is disallowed under the Interpretation Act 1984 section 42.
(2B) Subject to
subsection (2), an interstate scheme remains in force in this
jurisdiction until —
(a) the
period specified under subsection (1) ends; or
(b) the
scheme’s operation in relation to this jurisdiction is terminated under
section 30B; or
(c) the
scheme ceases to have effect in the jurisdiction in which it was prepared; or
(d) the
scheme is disallowed under the Interpretation Act 1984 section 42.