Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Commonwealth Guarantees (Charges) Act 1987 is repealed.
(2) In spite of the repeal of the Commonwealth Guarantees (Charges) Act 1987 , that Act continues to apply to borrowings and raisings of money, within the meaning of that Act, undertaken before 1 July 1987 by a body referred to in the Schedule to that Act.
(3) In its application in accordance with subsection (2), the Commonwealth Guarantees (Charges) Act 1987 has effect as if Item 3 in Part A of the Schedule to that Act were omitted.