Treasury Laws Amendment (2021 Measures No. 5) Act 2021 (127 of 2021)

Schedule 3   Miscellaneous and technical amendments

Part 3   Other amendments

Division 3   Amendments of the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020

Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020

103   Item 1315 of Schedule 1

Repeal the item, substitute:

1315 In the appropriate position in Chapter 10

Insert:

Part 10.35 - Transitional provisions relating to Schedule 1 to the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020

1650 Definitions

In this Part:

amending item means an item of Part 2 of Schedule 1 to the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 that amends a provision of this Act.

commencement day , for an amending item, means the day the amending item commences.

Note: Amendments of provisions of this Act made by an amending item apply on and after the commencement day for the amending item.

1651 Things started but not finished by ASIC

If:

(a) before the commencement day for an amending item that amends a provision of this Act, ASIC started doing a thing under the provision as in force immediately before that day; and

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

(c) on and after that day, that thing falls within the powers or functions of the Registrar;

then, on and after that day:

(d) ASIC may finish doing the thing as if the thing were being done by the Registrar in the performance or exercise of the Registrar's functions or powers; or

(e) if ASIC does not finish doing the thing under paragraph (d) - the Registrar may finish doing the thing in the performance or exercise of the Registrar's functions or powers.

1652 Register of Liquidators

The Registrar must include in the record maintained under section 15-1 of Schedule 2 details contained, immediately before the commencement day for amending item 1317, in the Register of Liquidators formerly established and maintained under section 15-1 of Schedule 2 as in force immediately before that day.