Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) A scheme approved under this Act before the commencement of this Part is taken to be, and always to have been, a valid scheme if it would have been valid had the amendments been in force when the scheme was approved.
(2) Anything done or omitted to be done in respect of a validated scheme is taken to be, and always to have been, validly done or omitted.
(3) A relevant insurance policy is taken to comply, and always to have complied with this Act, if it would have complied had the amendments been in force when the policy was issued (a compliant policy ).
(4) This section extends to a validated scheme, validated act or omission or compliant policy, even if proceedings in relation to the scheme, act, omission or policy are pending in a court on the commencement of the Professional Standards Amendment Act 2007 .