Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The regulations in
force immediately before the repeal of the Corporations Act, under
section 22 of that Act —
(a)
apply as regulations in force for the purposes of the Corporations Law of
Western Australia; and
(b) as
so applying, may be referred to as the Corporations Regulations of Western
Australia.
(2) Subject to
subsection (3) of this section, where regulations under section 22
of the Corporations Act take effect from a specified day that is earlier than
the day when they are notified in the Commonwealth of Australia Gazette under
section 48(1) of the Acts Interpretation Act 1901 of the
Commonwealth, subsection (1) of this section has effect, and is taken
always to have had effect, as if those regulations had taken effect under the
Corporations Act from the specified day.
(3) To the extent that
a provision of the Corporations Regulations of Western Australia is taken
because of a particular application of subsection (2) to have effect, or
to have had effect, before the day of notification of the regulations referred
to in that subsection, the provision does not operate so as
to —
(a)
affect a private person’s rights as at that day so as to disadvantage
that person; or
(b)
impose a liability on a private person in respect of anything done or omitted
to be done before that day.
(4) In
subsection (3) —
private person means a person other
than —
(a) the
Commonwealth, a State or the Capital Territory; or
(b) an
authority of the Commonwealth, of a State or of the Capital Territory.
(5)
Subsection (3) does not affect any other operation that the provision has
because of subsection (2) or otherwise.
[Section 8 amended by No. 8 of 2001
s. 30(3).]