TRUSTEE COMPANIES ACT 1984 - SECT 56 Regulations of a savings or transitional nature

TRUSTEE COMPANIES ACT 1984 - SECT 56

    (1)     Without limiting section 55, the Governor in Council may make regulations containing provisions of a transitional nature, including matters of an application or savings nature, arising as a result of the enactment of the Trustee Companies Legislation Amendment Act 2010 , including the repeals and amendments made by that Act.

    (2)     Regulations made under this section may—

        (a)     have a retrospective effect to a day on or from the date that the Trustee Companies Legislation Amendment Act 2010 receives the Royal Assent; and

        (b)     be of limited or general application; and

        (c)     leave any matter or thing to be decided by a specified person or class of persons; and

        (d)     provide for the exemption of persons or matters or a class of persons or matters from any of the regulations made under this section.

    (3)     To the extent to which a provision of the regulations made under this section takes effect from a time that is earlier than the beginning of the day on which the regulations containing the provision are made, the provision does not operate so as—

        (a)     to affect in a manner prejudicial to any person (other than the Crown or an authority of the Crown), the rights of that person existing before the date of making of those regulations; or

        (b)     to impose liabilities on any person (other than the Crown or an authority of the Crown) in respect of anything done or omitted to be done before the date of making of those regulations.

    (4)     Regulations under this section have effect despite anything to the contrary in any Act (other than this Act or the Charter of Human Rights and Responsibilities Act 2006 ) or in any subordinate instrument.

S. 57 inserted by No. 17/2010 s. 15.