Document ID: chunk:federal_register_of_legislation:C2022A00079:clause:1_167:p1
Version: federal_register_of_legislation:C2022A00079
Segment Type: clause
Provision Reference: sch 1 cl 167 (pt 1/2)
Character Range: 48738–51646

167  Extensions, exemptions, certificates, instruments, approvals and requests

Extensions
(1) The principal Act, as amended by this Part, has effect, after the commencement time, as if any extension of time (however described) allowed by the Commissioner before the commencement time under a provision of the principal Act that relates to a time after the commencement time had been allowed by the General Manager under the provision as amended by this Part.

Exemptions and permissions
(2) Any exemption or permission granted by the Commissioner that was in force immediately before the commencement time under one of the following provisions of the principal Act has effect, after the commencement time, as if it had been granted by the General Manager under the provision as amended by this Part:
 (a) subsection 186(1) (exemption in relation to elections);
 (b) subsection 234(4) (permission to keep records at specified premises);
 (c) section 293M (exemption from financial training).

Certificates
(3) Any certificate issued by the Commissioner that was in force immediately before the commencement time under section 255F (certificate of registration as an auditor) of the principal Act has effect, after the commencement time, as if it had been issued by the General Manager under that section as amended by this Part.
(4) Despite the amendments of section 348 of the principal Act made by this Part, that section continues to apply, in relation to any certificate stating that a specified person was at a specified time a member or officer of a specified organisation or a specified branch of a specified organisation issued by the Commissioner before the commencement time, as if those amendments had not been made.

Reporting guidelines
(5) Any reporting guidelines issued by the Commissioner that are in force immediately before the commencement time under subsection 255(1) of the principal Act have effect, after the commencement time, as if they had been issued by the General Manager under that subsection as amended by this Part.

Determinations, declarations and orders
(6) Any determination, declaration or order made by the Commissioner that was in force immediately before the commencement time under one of the following provisions of the principal Act has effect, after the commencement time, as if it had been made by the General Manager under the provision as amended by this Part:
 (a) subsection 241(1) (exemption from certain Australian Accounting Standards);
 (b) subsection 256A(2) (declaration in relation to significant role in audit);
 (c) subsection 293H(3) (order for alternative disclosure arrangement).

Training in relation to financial duties
(7) The principal Act, as amended by this Part, has effect, after the commencement time, as if any training that was approved by the Commissioner as at immediately before the commencement time under subsection 293L(1) of the