Corporations Amendment (Asia Region Funds Passport) Act 2018 (61 of 2018)

Schedule 3   Transitional provisions

Corporations Act 2001

1   In the appropriate position in Chapter 10

Insert:

Part 10.33 - Transitional provisions relating to the Corporations Amendment (Asia Region Funds Passport) Act 2018

1 Saving delegations

(1) A delegation of functions or powers by the Minister in force under paragraph 1345A(1A)(b) of this Act immediately before the commencement of item 349 of Schedule 2 to the Corporations Amendment (Asia Region Funds Passport) Act 2018 continues in force on and after that commencement.

(2) Subsection (1) does not prevent an amendment or revocation of the delegation on or after commencement of item 349 of Schedule 2 to the Corporations Amendment (Asia Region Funds Passport) Act 2018 as if it were a delegation under that paragraph as amended by that item.

2 Decisions to give, withdraw or not withdraw a notice under subsection 1313(1)

The amendment made by item 307 of Schedule 2 to the Corporations Amendment (Asia Region Funds Passport) Act 2018 applies in relation to decisions of ASIC to give, withdraw or not withdraw a notice under subsection 1313(1) that are made on or after the commencement of that item.