Victorian Consolidated Legislation

Corporations (Ancillary Provisions) Act 2001 - SECT 24A

Validation

24A. 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 commencement of the
        Corporations (Financial Services Reform Amendments) Act 2002.

(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
Corporations (Financial Services Reform Amendments) Act 2002 been in operation
at the time at which the thing was done or omitted, must be 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 of the Commonwealth been
in operation at the time at which the thing was done or omitted, must be taken
to be, and to have always been, valid and lawful.