Document ID: chunk:federal_register_of_legislation:C2016A00011:clause:2_144
Version: federal_register_of_legislation:C2016A00011
Segment Type: clause
Provision Reference: sch 2 cl 144
Character Range: 202192–202837

144  Books when trading

Application of the Insolvency Practice Schedule (Bankruptcy)
(1) Section 70‑11 of the Insolvency Practice Schedule (Bankruptcy) does not apply in relation to events:
 (a) that occur before the commencement day; and
 (b) in respect of which, or because of which, entries in books are to be made.

Old Act continues to apply to events etc. before commencement day
(2) Despite the repeal of section 174 of the old Act by this Schedule, that section continues to apply in relation to events:
 (a) that occur before the commencement day; and
 (b) in respect of which, or because of which, accounts and records must be kept.