Victorian Consolidated Legislation

Companies (Administration) Act 1981 - SECT 13

Companies Auditors Board to continue in existence

13. Companies Auditors Board to continue in existence



(1) Notwithstanding the repeal of sections 8 and 9 of the Companies Act 1961
by this Act, the Companies Auditors Board established by the Companies Act
1961 continues in existence for such period as is necessary for the Companies
Auditors Board to complete any inquiry under section 9(9) of the Companies Act
1961 that had been commenced by the Companies Auditors Board but had not been
completed before the repeal of sections 8 and 9 of the Companies Act 1961 and
the Companies Auditors Board has, for the purposes of completing such an
inquiry, all the powers that it would have had if those sections had not been
repealed.

(2) Where, pursuant to subsection (1), the Companies Auditors Board completes
an inquiry, the Companies Auditors Board shall not exercise any of the powers
mentioned in section 9(11) of the Companies Act 1961 but shall furnish to the
Commissioner a report on the inquiry.