Document ID: chunk:federal_register_of_legislation:C2023C00275:clause:7_4
Version: federal_register_of_legislation:C2023C00275
Segment Type: clause
Provision Reference: sch 7 cl 4
Character Range: 125671–126649

4  Things started but not finished by ASIC
If:
 (a) an amending item amends a provision of the National Credit Act; and
 (b) before the application day for the amendment made by the amending item, as applying in relation to a matter, ASIC started doing a thing that relates to that matter under the provision as in force immediately before the commencement day for the amending item; and
 (c) immediately before that application day, ASIC had not finished doing that thing; and
 (d) on and after that application day, doing that thing is within the powers or functions of the Registrar;
then, on and after that application day:
 (e) ASIC may finish doing that thing as if that thing were being done by the Registrar in performing or exercising the Registrar's functions or powers; and
 (f) to the extent that ASIC does not finish doing that thing under paragraph (e), the Registrar may finish doing that thing in performing and exercising the Registrar's functions and powers.