South Australian Consolidated Acts South Australian Consolidated Acts22A—Power to make interim regulations construing certain references in
Acts
(1) In this
section—
"affected reference" means—
(a) a
reference in an Act to a provision of the new ASIC Act or the new
Corporations Act; or
(b) a
reference in an Act to a term, expression or concept defined or used in the
new ASIC Act or the new Corporations Act,
that is, or is to be, affected in any way by the enactment or proposed
enactment by the Parliament of the Commonwealth of an Act amending the
new ASIC Act or the new Corporations Act.
(2) The Governor, on
the recommendation of the Minister, may make regulations providing that an
affected reference in any Act is to be construed as set out in the
regulations.
(3) The Minister may
make a recommendation under subsection (2) only if he or she considers
that—
(a) each
substantive provision of the proposed regulations is necessary as a
consequence of the enactment, or the proposed enactment, by the Parliament of
the Commonwealth of an Act amending the new ASIC Act or the new Corporations
Act; and
(b)
subject to subsection (4), the proposed regulations do not deal with any
other matter.
(4) Regulations made
under this section may deal with matters of a transitional nature (including
matters of an application or savings nature) consequent on the enactment of
the amending Act referred to in subsection (3)(a).
Note—
Section 26(6) and (7) enable a provision of the regulations made under
this section to have effect from a time that is earlier than the day on which
they are made.
(5) Regulations made
under this section have effect according to their terms.
(6) Regulations made
under this section expire on the first anniversary of the day on which they
are made unless they are revoked, or expressed to expire, on an earlier day.