Document ID: chunk:federal_register_of_legislation:C2025C00019:clause:2_3
Version: federal_register_of_legislation:C2025C00019
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 12825–13928

3  Final annual report and financial statements for SRDC
(1) This item applies for the purposes of:
 (a) preparing and dealing with reports and financial statements relating to the SRDC for the final reporting period; and
 (b) auditing those financial statements; and
 (c) investigating, and imposing penalties for, failure to comply with requirements relating to those reports or financial statements.
(2) Despite the repeal of the Sugar Research and Development Corporation Regulations 1990, Subdivision A of Division 2 of Part 3 of the Commonwealth Authorities and Companies Act 1997, the other provisions of that Act so far as they relate to that Subdivision and the Finance Minister's Orders (as defined in that Act), apply for the purposes of this item as if:
 (a) those regulations had not been repealed; and
 (b) the final reporting period were a financial year; and
 (c) the directors of the SRDC immediately before 1 July 2013 continued to be directors of the SRDC.
(3) This item does not limit section 7 of the Acts Interpretation Act 1901.

Part 3—Assets, liabilities and legal proceedings