Commonwealth Consolidated Acts(1) On the day immediately before the transition, SMEC's name is, by force of this subsection, changed to Snowy Mountains Engineering Corporation Limited .
(2) Subsection 65(5) of the Companies Act 1981 applies in relation to the change of name made by subsection (1) as if:
(a) SMEC were a company, within the meaning of that Act, when the change is made; and
(b) the change were made under that Act.
(3) This section has effect in spite of anything in the Companies Act 1981 , but nothing in this section prevents:
(a) SMEC from later changing its name under section 65 of that Act; or
(b) the cancellation, under Division 2 of Part III of that Act, of the registration of a name.
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