Superannuation Industry (Supervision) Legislation Amendment Act 1995 (144 of 1995)

Schedule 4   AMENDMENTS OF THE SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

53   Saving provision concerning Temporary Modification Declaration No. 14 Despite the cessation of Temporary Modification Declaration No. 14 immediately before, and the commencement of items 46, 48, 49, 50, 51 and 52 on, the twenty-eighth day on which this Act receives the Royal Assent

(a) any application by an individual for a declaration waiving the individual's status as a disqualified person that is made under the Superannuation Industry (Supervision) Act 1993 as temporarily modified by that declaration, if the consideration of that application had been commenced but not completed before that twenty-eighth day, may be completed, on and after that day, as if it were an application made by that person under section 126B of that Act as amended by those items; and

(b) any declaration made by the Commissioner waiving an individual's status as a disqualified person that was made before that twenty-eighth day under that Act as temporarily modified by that declaration continues to have effect, on and after that day, as if it were a declaration made under section 126D of that Act as amended by those items; and

(c) any period of grace granted to a person under that Act as temporarily modified by that declaration before that twenty-eighth day has effect, on and after that day, as if, for the balance of the period of grace so granted to that person, the provisions of the temporary modification declaration had not been repealed so far as that person was concerned.