Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.35 - APPLICATION AND TRANSITIONAL PROVISIONS RELATING TO REGISTRIES MODERNISATION AMENDMENTS  

SECTION 1650C  

1650C   THINGS STARTED BUT NOT FINISHED BY ASIC  

If:

(a)    an amending item amends a provision of this Act; and

(b)    before the application day for the amendment made by the amending item, as applying in relation to a matter, ASIC started doing a thing that relates to that matter under the provision as in force immediately before the commencement day for the amending item; and

(c)    immediately before that application day, ASIC had not finished doing that thing; and

(d)    on and after that application day, doing that thing is within the powers or functions of the Registrar;

then, on and after that application day:

(e)    ASIC may finish doing that thing as if that thing were being done by the Registrar in performing or exercising the Registrar ' s functions or powers; and

(f)    to the extent that ASIC does not finish doing that thing under paragraph (e) , the Registrar may finish doing that thing in performing and exercising the Registrar ' s functions and powers.