New South Wales Consolidated Acts

CORPORATIONS (ANCILLARY PROVISIONS) ACT 2001 - SCHEDULE 4

SCHEDULE 4 – Savings and transitional provisions consequent on enactment of other Acts

(Section 28)

Part 1 - General

1 Savings and transitional regulations

(1) The regulations may contain provisions of a savings or transitional nature consequent on the enactment of the following Acts:

Financial Services Reform (Consequential Amendments) Act 2002

(2) Any such provision may, if the regulations so provide, take effect from the date of assent to the Act concerned or a later date.

(3) To the extent to which any such provision takes effect from a date that is earlier than the date of its publication in the Gazette, the provision does not operate so as:

(a) to affect, in a manner prejudicial to any person (other than the State or an authority of the State), the rights of that person existing before the date of its publication, or

(b) to impose liabilities on any person (other than the State or an authority of the State) in respect of anything done or omitted to be done before the date of its publication.

Part 2 - Provisions consequent on enactment of Financial Services Reform (Consequential Amendments) Act 2002

2 Definition

In this Part:
"amending Act" means the Financial Services Reform (Consequential Amendments) Act 2002 .

3 Validation

(1) In this section, "relevant period" means the period:

(a) starting on the commencement of Part 1 of Schedule 1 to the Financial Services Reform Act 2001 of the Commonwealth, and

(b) ending immediately before the date of assent to the amending Act.

(2) Anything done or omitted to be done by a person or body during the relevant period that would have been valid and lawful had the amending Act been in operation at the time at which the thing was done or omitted, is taken to be, and to have always been, valid and lawful.

(3) Anything done or omitted to be done by a person or body during the relevant period that would have been valid and lawful had none of the provisions of the Financial Services Reform Act 2001 or the Financial Services Reform (Consequential Provisions) Act 2001 of the Commonwealth been in operation at the time at which the thing was done or omitted, is taken to be, and to have always been, valid and lawful.