Commonwealth Numbered Acts

FOREIGN TAKEOVERS ACT 1975 No. 92 of 1975 - SECT 3

3. (1) The Companies (Foreign Take-overs) Act 1972, the Companies (Foreign
Take-overs) Act 1973 and the Companies (Foreign Take-overs) Act 1974 are
repealed.

(2) Notwithstanding the repeal effected by sub-section (1), the repealed Act
shall be deemed to continue in force in relation to-

   (a)  an offer (including an offer constituting, or made in pursuance of an
        invitation constituting, a take-over offer) to sell or purchase shares
        that was accepted before the date of commencement of this Act; and

   (b)  an issue of shares that occurred before that date.

(3) Without limiting the generality of sub-section (2), orders may be made
under sections 14 and 15 of the repealed Act in pursuance of that sub-section.

(4) For the purposes of this Act, but without limiting the operation of
sub-section (2)-

   (a)  a certificate in force under section 17 of the repealed Act
        immediately before the date of commencement of this Act has effect on
        and after that date as if it were a certificate given under section 29
        of this Act;

   (b)  an order in force under sub-section 13 (6) of the repealed Act
        immediately before that date has effect on and after that date as if
        it were an order made under section 22 of this Act;

   (c)  an order in force under paragraph 13 (2) (c) or (3) (c) of the
        repealed Act immediately before that date has effect on and after that
        date as if it were an order made under sub-section 18 (2) of this Act;
        and

   (d)  an order in force under paragraph 13 (2) (d) or (3) (d) of the
        repealed Act immediately before that date has effect on and after that
        date as if it were an order made under sub-section 18 (3) of this Act.

(5) Nothing in this section affects the operation of section 8 of the Acts
Interpretation Act 1901-1973.

(6) Expressions used in this section have the same respective meanings as they
had in the repealed Act.