Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (69 of 2023)

Schedule 2   ALRC Financial Services Interim Report

Part 4   Application and transitional provisions

Corporations Act 2001

157   In the appropriate position in Chapter 10

Insert:

Part 10.68 - Application and transitional provisions relating to the ALRC Financial Services Interim Reports

Division 1 - Schedule 2 to the Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023

1698 Definitions

In this Division:

commencement time means the time when Schedule 2 to the Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 commences.

1698A Translation of references in instruments

(1) This section applies to an instrument (the affected instrument ) that:

(a) was made under this Act or an instrument made under this Act; and

(b) was in force immediately before the commencement time.

References to moved definitions and other provisions

(2) If:

(a) immediately before the commencement time, the affected instrument contained a reference to a provision of the Corporations legislation (including, for example, a definition); and

(b) that provision was repealed by Schedule 2 to the Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023; and

(c) the Corporations legislation, as amended by that Schedule, contains a corresponding provision;

then the affected instrument has effect, at and after the commencement time, as if the reference to the repealed provision were a reference to the corresponding provision.

References to repealed definitions with no corresponding definition

(3) Despite the repeal of definitions in sections 9 and 761A made by items 2, 3, 83, 85, 87, 90, 100, 115 and 117 of Schedule 2 to the Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023, the definitions repealed by those items continue, at and after the commencement time, to have effect for the purposes of the affected instrument as if those definitions had not been repealed.