Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024 (136 of 2024)
Schedule 1 Amendments relating to the cessation of registries modernisation program
Part 2 Commencement of amendments relating to registries modernisation program
Division 2 Application of registries modernisation amendments
Corporate Collective Investment Vehicle Framework and Other Measures Act 2022
6 At the end of Part 3 of Schedule 5
Add:
20 Validation of acts or things done during interim period
Object
(1) The object of this item is to treat all situations during the interim period in every respect as if:
(a) the amendments made by Division 1 of Part 2 of Schedule 1 to the Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024 had not been made at the start of 31 December 2024; and
(b) the amendments made by the postponed items had been made at the start of 1 January 2025 and had effect during the interim period.
Validation of acts and things done in interim period
(2) An act or thing that was done at any time during the interim period is as valid, and is taken always to have been as valid, as it would have been if:
(a) the amendments made by Division 1 of Part 2 of Schedule 1 to the Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024 had not been made at the start of 31 December 2024; and
(b) in particular, the amendments made by the postponed items had been made at the start of 1 January 2025 and had effect during the interim period.
Acts and things to which this item applies
(3) This item applies to an act or thing, regardless of the basis on which, or capacity in which, the act or thing was done or purported to be done.
Definitions
(4) In this item:
interim period means the period:
(a) starting at the start of 1 January 2025; and
(b) ending at the end of the day before the day on which Division 2 of Part 2 of Schedule 1 to the Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024 commences.
postponed item means item 15, 16, 17, 18 or 19 of this Schedule (which would commence on 1 January 2025 if Division 1 of Part 2 of Schedule 1 to the Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024 were disregarded).