Document ID: chunk:federal_register_of_legislation:C2009A00056:clause:1_118
Version: federal_register_of_legislation:C2009A00056
Segment Type: clause
Provision Reference: sch 1 cl 118
Character Range: 20147–21185

118  Transitional—land transport research entities

Part 5 instruments
(1) An instrument in force under Part 5 of the old law immediately before the commencement of this item has effect, on and after that commencement, as if it were an instrument in force under Part 5 of the new law.
(2) Subitem (1) does not prevent a variation or revocation of that instrument on or after the commencement of this item.

Funding agreement
(3) A funding agreement in force for the purposes of Part 5 of the old law immediately before the commencement of this item has effect, on and after that commencement, as if it were a funding agreement in force for the purposes of Part 5 of the new law.
(4) Subitem (3) does not prevent a variation or termination of that agreement on or after the commencement of this item.

Funding conditions
(5) The conditions that applied under section 50 of the old law to a payment of funding under Part 5 of the old law that was made before the commencement of this item continue to apply on and after that commencement.