Document ID: chunk:federal_register_of_legislation:C2004A04724:body:0:p31
Version: federal_register_of_legislation:C2004A04724
Segment Type: other
Provision Reference: 
Character Range: 76765–79484

brought at any time within the period of 3 years after the commission of the offence.

"(2) If the Attorney-General consents in writing proceedings may be brought at any later time.".

Further amendments of the Principal Act

  34. The Principal Act is further amended as set out in the Schedule.

Application of amendments—section 21 of the Principal Act

35. The amendment of section 21 of the Principal Act that requires the production of satisfactory audited accounts to the Commissioner applies only in relation to accounting periods that start on or after the day on which section 16 of this Act commences.

Transitional—applications for registration and renewal of registration

  36.(1) If:

     (a) an application for registration under Part III of the Principal Act was made before the day on which section 16 of this Act commences; and

     (b) the Commissioner had not registered the applicant or had refused to register the applicant before that day;

the Principal Act as in force immediately before that day continues to apply in relation to the application on and after that day.

  (2) If:

     (a) an application for renewal of registration under Part III of the Principal Act was made before the day on which section 16 of this Act commences; and

     (b) the Commissioner had not renewed or had refused to renew the registration before that day;

the Principal Act as in force immediately before that day continues to apply in relation to the application on and after that day.

  (3) If:

     (a) an application for renewal of registration is made under Part III of the Principal Act as amended by this Act on or after the day on which section 16 of this Act commences; but

     (b) the accounting period referred to in paragraph 21(1A)(e) of the Principal Act as so amended starts before, and ends after, that day;

the reference in that paragraph to satisfactory audited accounts is to be read as a reference to audited accounts that would, had the Principal Act as in force immediately before that day continued to apply, have been satisfactory to the Commissioner under section 21 of the Principal Act as so in force.

Transitional

37. Regulations prescribing liabilities for the purpose of paragraph 19(1)(b) or subparagraph 31B(1)(a)(ii) or 31B(1)(b)(ii) continue in force despite the repeal and re-enactment of those provisions as if made for the purpose of those provisions as so re-enacted.

Transitional—trust money

  38. If:

     (a) money referred to in section 37 of the Principal Act as in force immediately before the day on which section 29 of this Act commences was paid to a person as agent of an insurer before that day; and

  (b) the person had not paid the money to