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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 287 Application of Part 8 of Schedule 1 to the amending Act

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 287

Application of Part 8 of Schedule 1 to the amending Act

  (1)   The person holding office as the Chairperson of the Companies Auditors and Liquidators Disciplinary Board under paragraph   203(1)(a) of the old Act immediately before the Schedule   1 commencement continues to hold office on and after the Schedule   1 commencement for the remainder of the term of the person's appointment as if the person had been appointed under paragraph   203(1)(a) of this Act as amended by Part   8 of Schedule   1 to the amending Act.

  (2)   The person holding office as a member of the Companies Auditors and Liquidators Disciplinary Board under paragraph   203(1)(b) of the old Act immediately before the Schedule   1 commencement continues to hold office on and after the Schedule   1 commencement for the remainder of the term of the person's appointment as if the person had been appointed under paragraph   203(1)(c) of this Act as amended by Part   8 of Schedule   1 to the amending Act.

  (3)   The person holding office as a member of the Companies Auditors and Liquidators Disciplinary Board under paragraph   203(1)(c) of the old Act immediately before the Schedule   1 commencement continues to hold office on and after the Schedule   1 commencement for the remainder of the term of the person's appointment as if the person had been appointed under paragraph   203(1)(d) of this Act as amended by Part   8 of Schedule   1 to the amending Act.

  (4)   Despite the repeal of section   209 of the old Act by item   146 of Schedule   1 to the amending Act:

  (a)   a person holding office as a deputy of a member under that section immediately before the Schedule   1 commencement continues to hold office on and after the Schedule   1 commencement for the purposes of a hearing in relation to an application made to the Companies Auditors and Liquidators Disciplinary Board before the Schedule   1 commencement; and

  (b)   continues on and after the Schedule   1 commencement to be entitled to attend meetings of the Board at which the member is not present and, while so attending, to be taken to be a member of the Board.

  (5)   The amendments made by items   148 and 156 to 175 of Schedule   1 to the amending Act apply to applications made to the Companies Auditors and Liquidators Disciplinary Board on or after the Schedule   1 commencement (regardless of when the circumstances to which the application relates occurred).