Commonwealth Consolidated Acts

BANKRUPTCY LEGISLATION AMENDMENT ACT 2004 - SCHEDULE 7

1  Item 198 of Schedule 1 (definition of commencing date )

Omit " section 1", substitute "this Schedule".

2  Item 198 of Schedule 1 (definition of commencing time )

Omit " section 1", substitute "this Schedule".

3  Validation of acts

Past acts

(1)        For the purposes of this item, a past act is an act or thing that was done on either or both of the following assumptions:

                     (a)  the assumption that the commencing date defined in item 198 of Schedule 1 to the Bankruptcy Legislation Amendment Act 2002 was the date on which that Schedule commenced;

                     (b)  the assumption that the commencing time defined in item 198 of Schedule 1 to the Bankruptcy Legislation Amendment Act 2002 was the time when that Schedule commenced.

Validation of past acts

(2)        To avoid doubt, past acts are as valid, and are taken always to have been as valid, as they would have been if:

                     (a)  the commencing date defined in item 198 of Schedule 1 to the Bankruptcy Legislation Amendment Act 2002 had been the date on which that Schedule commenced; and

                     (b)  the commencing time defined in item 198 of Schedule 1 to the Bankruptcy Legislation Amendment Act 2002 had been the time when that Schedule commenced.

Note:       Schedule 1 to the Bankruptcy Legislation Amendment Act 2002 commenced on 5 May 2003.