Document ID: chunk:federal_register_of_legislation:C2024C00613:section:193
Version: federal_register_of_legislation:C2024C00613
Segment Type: section
Provision Reference: s 193
Character Range: 353110–354859

193  Sunset of the scheme
 (1) Subject to this section, this Act ceases to have effect at the end of the day (the scheme sunset day) that is:
 (a) the tenth anniversary of the scheme start day; or
 (b) if, before the tenth anniversary, the rules prescribe a day that is after the tenth anniversary—that day.
Note: The fact that the Act ceases to have effect does not affect the operation of section 43 in releasing and discharging an institution or official from civil liability (see section 7 of the Acts Interpretation Act 1901).
 (2) Despite subsection (1), at any time before the first anniversary of the scheme sunset day, rules may be made under section 179 for the purposes of subsections (3) and (4) of this section.
 (3) The rules may prescribe matters of a transitional nature (including prescribing any saving or application provisions) relating to this Act ceasing to have effect under subsection (1).
 (4) Without limiting subsection (3), the rules may provide that certain provisions of this Act:
 (a) continue to apply after the scheme sunset day for the purposes set out in the rules; or
 (b) continue to apply after the scheme sunset day in a modified way for the purposes set out in the rules.
Those provisions continue to apply, or continue to apply in the modified way, as set out in the rules.
 (5) Subsection 12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply in relation to rules made for the purposes of this section.
 (6) All legislative instruments (including the rules) made under this Act are repealed immediately before the first anniversary of the scheme sunset day.

Chapter 8—Application and transitional provisions

Part 8‑1—Simplified outline of this Chapter