South Australian Consolidated Acts

CORPORATIONS (ANCILLARY PROVISIONS) ACT 2001 - SECT 25A

25A—Validation—FSR Amendments

        (1)         In this section—

"relevant period" means the period—

            (a)         starting on the commencement of Part 1 of Schedule 1 to the Financial Services Reform Act 2001 of the Commonwealth; and

            (b)         ending immediately before the commencement of Part 7 of the Statutes Amendment (Corporations—Financial Services Reform) Act 2002 .

        (2)         Anything done or omitted to be done by a person or body during the relevant period that would have been valid and lawful had the Statutes Amendment (Corporations—Financial Services Reform) Act 2002 been in operation at the time at which the thing was done or omitted, must be taken to be, and to have always been, valid and lawful.

        (3)         Anything done or omitted to be done by a person or body during the relevant period that would have been valid and lawful had none of the provisions of the Financial Services Reform Act 2001 of the Commonwealth been in operation at the time at which the thing was done or omitted, must be taken to be, and to have always been, valid and lawful.