THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

Division 6 - Changes resulting from the Corporate Law Reform Act 1994

SECTION 1391   APPLICATION OF CHANGES TO SECTION 241  

1391(1)  [Sec 241 after amendment]  

Section 241, as in force after the commencement of item 2 of Schedule 3 to the Amending Act, applies in relation to a liability incurred at or after that commencement.

1391(2)  [Sec 241 before amendment]  

Section 241, as in force before that commencement, continues to apply in relation to a liability incurred before that commencement, but not in relation to a contract of insurance made at or after that commencement.