Commonwealth Consolidated Acts

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Carrying over references to corresponding previous laws

             (1)  If a carried over provision of the old corporations legislation of a State or Territory in this jurisdiction contained a reference (whether in its own terms or by operation of another provision) to:

                     (a)  a corresponding previous law (as defined for the purposes of that provision or provisions including that provision); or

                     (b)  a thing done by, under, or for the purposes of, such a law;

the corresponding provision of the new corporations legislation is taken to contain an equivalent reference to that previous law, or to such a thing done by, under, or for the purposes of, that previous law.

             (2)  The following references in the old corporations legislation of the States and Territories in this jurisdiction are covered by subsection (1) in the same way as they would be if they used the "corresponding previous law" form of words:

                     (a)  the reference in subsection 1274AA(1) to a "previous Law";

                     (b)  the reference in subparagraph 1274AA(2)(b)(ii) to a "previous law of this jurisdiction before the commencement of this Part that corresponds";

                     (c)  any other references prescribed by the regulations for the purposes of this subsection.

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