Document ID: chunk:federal_register_of_legislation:C2023C00275:clause:1_14
Version: federal_register_of_legislation:C2023C00275
Segment Type: clause
Provision Reference: sch 1 cl 14
Character Range: 45111–46353

14  Preservation of significance etc. of events or circumstances
(1) An event, circumstance or other thing:
 (a) that occurred or arose before commencement under or as mentioned in a provision of the old Credit Code of a referring State or a Territory; and
 (b) that had a particular significance, status or effect for the purposes of a carried over provision of that Code (including because of an interpretive provision);
has that same significance, status and effect after commencement for the purposes of the provision of the new Credit Code that corresponds to that carried over provision.
(2) Without limiting subitem (1), an event, circumstance or other thing had a particular significance for the purposes of a carried over provision of the old Credit Code of a referring State or a Territory if:
 (a) the carried over provision created an obligation in relation to the event, circumstance or thing (whenever it arose); or
 (b) the carried over provision provided for the event, circumstance or thing to be dealt with in a particular way; or
 (c) the carried over provision stated that the event, circumstance or thing (whenever it arose) was to be disregarded for the purposes of that provision or was not covered by that provision.