Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)

Schedule 3   Transitional provisions

Part 2   Bringing transitional corporations across to new system

Division 6   Directors

41   Disclosures before commencement

(1) A disclosure of an interest under subsection 49D(1) of the old Act to the members of a transitional corporation's Governing Committee is taken for the purposes of the new Act to be a notice of the interest given under subsection 268-1(1) of the new Act to the corporation's directors.

(2) An approval in accordance with subsection 49D(2) of the old Act by a transitional corporation's Governing Committee is taken to be a resolution passed by the corporation's directors in accordance with subsection 268-20(4) of the new Act.

(3) This item does not limit item 6.