Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (69 of 2020)

Schedule 1   Amendments relating to the Registrar

Part 2   Other amendments

Corporations Act 2001

1315   In the appropriate position in Chapter 10

Insert:

Part 10.35 - Transitional provisions relating to Schedule 1 to the Treasury Laws Amendment (Registries Modernisation and other Measures) Act 2020

1650 Application of amendments relating to registers under this Act

The amendments made by items 360 to 1371 of Schedule 1 to the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 apply on and after the day (the appointment day ) the Minister appoints, under section 1270 of this Act, a Commonwealth body to be the Registrar.

1651 Things started but not finished by ASIC

If:

(a) before the appointment day, ASIC started doing a thing under this Act as in force immediately before the appointment day; and

(b) immediately before that day, ASIC had not finished doing that thing; and

(c) after that day, that thing falls within the powers or functions of the Registrar;

then, on and after that day:

(d) ASIC may finish doing the thing as if the thing were being done by the Registrar in the performance or exercise of the Registrar's functions or powers; or

(e) if ASIC does not finish doing the thing under paragraph (d) - the Registrar may finish doing the thing in the performance or exercise of the Registrar's functions or powers.

1652 Register of Liquidators

The Registrar must include in the record maintained under section 15-1 of Schedule 2 details contained, immediately before the appointment day, in the Register of Liquidators formerly established and maintained under section 15-1 of Schedule 2 as in force immediately before the appointment day.