Commonwealth Consolidated Acts

AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 29J

             (1)  Without limiting subsection 29G(1), an instrument to which this Part applies continues, subject to subsections (2) and (3), in full force and effect on and after the re‑organisation day.

             (2)  An instrument to which this Part applies (other than a non‑transferring instrument or a joint instrument) has effect, in relation to acts, transactions and matters done, entered into or occurring on or after the re‑organisation day, as if a reference in the instrument to the Corporation were a reference to the receiving subsidiary.

             (3)  An instrument to which this Part applies that is a joint instrument has effect, in relation to acts, transactions or matters done, entered into or occurring on or after the re‑organisation day, in accordance with the determination under subsection 29C(2) that is applicable to the instrument.