Commonwealth Numbered Acts

AUSTRALIAN TRADE COMMISSION (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1985 No. 187 of 1985 - SECT 6

6. (1) Where applications for contracts of insurance, contracts of indemnity,
guarantees or loans have been received by the Insurance Corporation before the
commencing day, but have not been finally dealt with by the Corporation before
that day, those applications shall -

   (a)  be deemed, for the purposes of this Act and of the Australian Trade 
        Commission Act 1985 , to have been received by the Commission on the
        commencing day;

   (b)  be dealt with by the Commission under the relevant provisions of the
        Australian Trade Commission Act 1985; and

   (c)  in the case of such of those applications (if any) as the Corporation
        had not, before the commencing day, commenced to deal with - be dealt
        with, so far as is practicable, in the order in which those
        applications were received by the Corporation.

(2) A declaration by the Board of the Insurance Corporation under section 28
of the Insurance Corporation Act specifying a cause of loss as an approved
cause of loss for the purposes of Division 4 of Part III of that Act, being a
declaration that was in force immediately before the commencing day, shall, on
and after that day, be treated as if it were a declaraion made by the
Commission to the same effect under section 45 of the Australian Trade 
Commission Act 1985 .

(3) A declaration by the Minister under sub-section 37 (2) of the Insurance
Corporation Act to the effect that specified goods, or goods included in a
specified class of goods, are capital goods for the purposes of section 37 of
that Act, being a declaration that was in force immediately before the
commencing day, shall, on and after that day, be treated as if it were a
declaration made by the Minister to the same effect for the purposes of
sub-section 33 (3) of the Australian Trade Commission Act 1985.