(1) After 1 January 2022, any document that:
(a) was in the possession of a director or employee of the standards body immediately before that day; and
(b) relates to the functions of the standards body (other than the exam function);
is to be transferred to the Secretary of the Department.
(2) After 1 January 2022, any document that:
(a) was in the possession of a director or employee of the standards body immediately before that day; and
(b) relates to the exam function of the standards body;
is to be transferred to ASIC.
(3) In this section:
"exam function" means the function mentioned in paragraph 921U(1)(d), as in force immediately before 1 January 2022.