Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(a) becomes the property of the SSA; and
(b) is to be taken to be held for the purposes of—
(i) the financial institutions legislation; and
(ii) any proceedings in relation to the society being conducted under the previous law.
28. (1) Where, immediately before the commencement day, a special meeting of a continuing society had been called, but not held, under section 7 of the previous law, section 87 of the Code applies in relation to the meeting as if it had been called in accordance with subsection 87 (1) of the Code.
(2) Where, immediately before the commencement day, an inquiry in relation to the affairs of a continuing society under section 7 of the previous law had commenced, but had not concluded, section 87 of the Code applies in relation to the inquiry as if it had been authorised in accordance with subsection 87 (1) of the Code.
29. (1) Where, immediately before the commencement day, an inspection was being conducted into the affairs of a continuing society under section 5B of the previous law, the inspection may continue as an investigation under Part 10 of the Code.
(2) Where this section applies—
(a) the SSA may appoint an investigator under section 348 of the Code for the purposes of continuing the inspection as an investigation; and
(b) any document or other information properly obtained in the course of the inspection is to be taken to have been properly obtained in the course of the continuing investigation under the Code.
30. (1) The SSA may institute proceedings in relation to a continuing society under the previous law.
(2) For the purposes of subsection (1), a reference in the previous law to the Registrar of Co-operative Societies is to be read as a reference to the SSA.