Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The Governor, on
the recommendation of the Minister, may make regulations providing that an
affected reference in an Act is to be construed as set out in the regulations.
(2) The Minister may
make a recommendation under subsection (1) 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 (3), the proposed regulations do not deal with any
other matter.
(3) 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 (2)(a).
(4) Regulations made
under this section have effect according to their terms.
(5) Regulations under
this section cannot be made after the end of 12 months after the amending
Act to which they relate (or the relevant provision of that Act) comes into
operation.
(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.
(7) 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.
[Section 22A inserted by No. 20 of 2003
s. 17.]