Document ID: chunk:federal_register_of_legislation:C2004A00759:clause:2_4
Version: federal_register_of_legislation:C2004A00759
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 6147–6949

4  Application—notified trust accounts and ESOS Assurance Fund

(1) The requirements in the old ESOS Act relating to notified trust accounts continue to apply until Part 5 of the new ESOS Act commences even if Schedule 1 to this Act repealed those requirements earlier.

(2) The requirements in the new ESOS Act relating to the ESOS Assurance Fund apply to 2001 and later years.

(3) However, the Minister may publish a notice in the Gazette stating that those Fund requirements apply instead to 2002 and later years.

(4) In that case, the requirements in the old ESOS Act relating to notified trust accounts continue to apply until the later of:
 (a) the beginning of 2002; and
 (b) the commencement of Part 5 of the new ESOS Act;
even if Schedule 1 to this Act repealed those requirements earlier.