CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS
PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW
History
Heading amended by No 61 of 1998, Sch 3 (effective 1 July 1998).
Pt 11.2 was renumbered from Pt 9.11 by No 61 of 1998, Sch 3 (effective 1 July 1998).
Division 10 - Changes resulting from the Company Law Review Act 1998
History
Div 10 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
SECTION 1433
FINANCIAL REPORTS AND AUDIT - CONTINUED OPERATION OF ACCOUNTING STANDARDS
1433(1)
[Continuation]
An accounting standard that was in force immediately before commencement (including under section 288 of the old Law):
(a)
continues to have effect after commencement for the purposes of
Parts 3.6 and
3.7 as they continue to apply under subsection
1431(2); and
(b)
also has effect after commencement, with any necessary modifications, as if it were an accounting standard made for the purposes of
Chapter 2M.
1433(2)
[Non-application]
This section does not apply an accounting standard to a period to which it would not otherwise apply.
History
S 1433 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).
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