Document ID: chunk:federal_register_of_legislation:C2021A00127:clause:7_2
Version: federal_register_of_legislation:C2021A00127
Segment Type: clause
Provision Reference: sch 7 cl 2
Character Range: 66170–66954

2  Things started but not finished by ASIC
If:
 (a) before the commencement day for an amending item that amends a provision of the National Credit Act, ASIC started doing a thing under the provision as in force immediately before that day; and
 (b) immediately before that day, ASIC had not finished doing that thing; and
 (c) on and after that day, that thing falls within the powers or functions of the Registrar;
then, on and after that day:
 (d) ASIC may finish doing the thing as if the thing were being done by the Registrar in the performance or exercise of the Registrar's functions or powers; or
 (e) if ASIC does not finish doing the thing under paragraph (d)—the Registrar may finish doing the thing in the performance or exercise of the Registrar's functions or powers.