Document ID: chunk:federal_register_of_legislation:C2004C01110:clause:8_22:p1
Version: federal_register_of_legislation:C2004C01110
Segment Type: clause
Provision Reference: sch 8 cl 22 (pt 1/2)
Character Range: 306007–308680

22  Regulations may deal with transitional, saving or application matters

(1) The regulations may deal with matters of a transitional, saving or application nature relating to:
 (a) the transition from the application of provisions of the replaced legislation to the application of provisions of the Banking Act 1959, the Life Insurance Act 1995, the Financial Sector (Transfers of Business) Act 1999, the Financial Sector (Shareholdings) Act 1998 or the Australian Prudential Regulation Authority Act 1998; or
 (b) the transition, for The Cairns Cooperative Weekly Penny Savings Bank Limited, from the application of provisions of the Financial Intermediaries Act 1996 of Queensland to the application of provisions of any of the Acts referred to in paragraph (a); or
 (c) the amendments and repeals made by the Schedules to this Act.

(2) Without limiting subitem (1), the regulations may provide for a matter to be dealt with, wholly or partly, in any of the following ways:
 (a) by applying (with or without modifications) to the matter:
 (i) provisions of a law of the Commonwealth, or of a State or Territory; or
 (ii) provisions of a repealed or amended law of the Commonwealth, or of a State or Territory, in the form that those provisions took before the repeal or amendment; or
 (iii) a combination of provisions referred to in subparagraphs (i) and (ii);
 (b) by otherwise specifying rules for dealing with the matter;
 (c) by specifying a particular consequence of the matter, or of an outcome of the matter, for the purposes of a law of the Commonwealth.

(3) Without limiting subitems (1) and (2), the regulations may provide for the continued effect, for the purposes of a provision of a law of the Commonwealth, of a thing done or instrument made, or a class of things done or instruments made, before the transfer date under or for the purposes of a provision of a law of a State or Territory. In the case of an instrument or class of instruments, the regulations may provide for the instrument or instruments to continue to have effect subject to modifications.

(4) Without limiting subitem (3), regulations providing for the continued effect of things done or instruments made may permit all or any of the following matters to be determined in writing by a specified person, or by a person included in a specified class of persons:
 (a) the identification of a thing done or instrument made, or a class of things done or instruments made, that is to continue to have effect;
 (b) the purpose for which a thing done or instrument made, or a class of things done or instruments made, is to continue to have effect;
 (c) any modifications subject to which