Document ID: chunk:federal_register_of_legislation:C2004A01835:body:0:p2
Version: federal_register_of_legislation:C2004A01835
Segment Type: other
Provision Reference: 
Character Range: 2425–5051

making, granting or issuing an instrument or otherwise), and includes, without limiting the generality of the expression, a reference to making an appointment, making a decision or determination, establishing a trust account, establishing an office, investing moneys, giving an authorization, permission or approval, issuing or giving a direction or instruction, entering into an agreement or expressing agreement with or concurrence in the doing of any act or thing; and
     (c) a reference to taking action in pursuance of a power or function includes a reference to taking further action in pursuance of action previously taken in pursuance of a power or function.

(2) Where—
     (a) before 20 December 1977, the Treasurer took any action in pursuance of a power or function exercisable by him under a prescribed provision of the Audit Act 1901, under a regulation made under that Act or under a direction given under section 63 of that Act;
     (b) on that date the power to take, or the function of taking, such action under that provision, regulation or direction became exercisable by the Minister for Finance instead of the Treasurer; and
     (c) the action taken by the Treasurer would, but for that power or function having ceased to be exercisable by him, have had consequences or effects on or after that date,
then, subject to any action taken on or after that date by the Minister for Finance in pursuance of the relevant power or function, the action taken by the Treasurer before that date shall have, and shall be deemed to have had, such consequences or effects on and after that date as it would have, or would have had, if it had been taken by the Minister for Finance.

(3) Any moneys (other than moneys standing to the credit of the Loan Consolidation and Investment Reserve) that were invested by the Treasurer before 20 December 1977 under section 21a or sub-section 62b(1) of the Audit Act 1901 shall be deemed to have been invested by the Minister for Finance under section 21a or sub-section 62b(1), as the case may be, of that Act as amended by this Act.
(4) Any securities (other than securities taken in the investment of moneys standing to the credit of the Loan Consolidation and Investment Reserve) or deposits that were taken or made before 20 December 1977 by the Treasurer in his corporate name under section 62b of the Audit Act 1901 (including that section as applied by section 21a of that Act) shall be deemed to have been taken or made by the Minister for Finance in his corporate name under section 62b of the Audit Act 1901 as in force on the date of commencement of this Act.