Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014 (62 of 2014)

Schedule 3   Repeal of the Commonwealth Authorities and Companies Act 1997

Part 2   Transitional and application provisions

2   Continuing application of certain provisions

(1) Despite the repeal of the following provisions of the CAC Act, those provisions continue to apply after the commencement time in relation to the last financial year that ends before the commencement time:

(a) section 9 (which deals with directors preparing annual reports);

(b) section 10 (which deals with modified requirements for a Commonwealth authority’s first year of existence);

(c) section 12 (which deals with auditing a relevant subsidiary’s financial statements);

(d) section 14 (which deals with estimates);

(e) section 36 (which deals with annual reports for Commonwealth companies);

(f) section 37 (which deals with auditing relevant subsidiary’s financial statements);

(g) section 39 (which deals with estimates);

(h) Schedule 1 (which deals with the annual report for Commonwealth authorities).

(2) Despite the repeal of section 11 of the CAC Act (which deals with the contravention of annual report rules by directors), that section continues to apply after the commencement time in relation to a contravention of a reporting rule that occurs after that time.