Victorian Consolidated Legislation

Corporations (Victoria) Act 1990 - SECT 8

Application of regulations

8. Application of regulations



(1) The regulations in force, immediately before the repeal of the
Corporations Act, under section 22 of that Act-

   (a)  apply as regulations in force for the purposes of the Corporations Law
        of Victoria; and

   (b)  as so applying, may be referred to as the Corporations Regulations of
        Victoria.

(2) Subject to subsection (3) of this section, where regulations under
section 22 of the Corporations Act take effect from a specified day that is
earlier than the day when they are notified in the Commonwealth of Australia
Gazette under section 48(1) of the Acts Interpretation Act 1901 of the
Commonwealth, subsection (1) of this section has effect, and is taken always
to have had effect, as if those regulations had taken effect under the
Corporations Act from the specified day.

(3) To the extent that a provision of the Corporations Regulations of Victoria
is taken because of a particular application of subsection (2) to have effect,
or to have had effect, before the day of notification of the regulations
referred to in that sub-section, the provision does not operate so as to-

   (a)  affect a private person's rights as at that day so as to disadvantage
        that person; or

   (b)  impose a liability on a private person in respect of anything done or
        omitted to be done before that day.

(4) In subsection (3)-

private person means a person other than-

   (a)  the Commonwealth, a State or the Capital Territory; or

   (b)  an authority of the Commonwealth, of a State or of the Capital
        Territory.

(5) Subsection (3) does not affect any other operation that the provision has
because of subsection (2) or otherwise.