Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (44 of 1999)

Schedule 8   Transitional, saving and application provisions

Part 2   Transitional provisions relating to other amendments

21   Treatment of approvals of banks and authorisations of persons under subsection 4(1) of the High Court of Australia Act 1979

An approval of a bank, or an authorisation of a person, that is in force immediately before the commencement of item 21 of Schedule 6 for the purposes of the definition of approved bank in subsection 4(1) of the High Court of Australia Act 1979 as then in force is to be taken, after that commencement, to be an approval of the bank or an authorisation of the person for the purposes of the definition of ADI in subsection 4(1) of that Act as amended by this Act.