Document ID: chunk:federal_register_of_legislation:C2017A00075:clause:1_10
Version: federal_register_of_legislation:C2017A00075
Segment Type: clause
Provision Reference: sch 1 cl 10
Character Range: 9928–10559

10  Paragraphs 1401(1)(a) and (b)
Repeal the paragraphs, substitute:
 (a) was:
 (i) acquired, accrued or incurred under a provision of the old corporations legislation of a State or Territory in this jurisdiction that was no longer in force immediately before the commencement; and
 (ii) in existence immediately before the commencement; or
 (b) would have been:
 (i) acquired, accrued or incurred under such a provision; and
 (ii) in existence immediately before the commencement;
  if every agreement that was valid only because of section 249 of the ASIC Act had been a valid agreement without the application of that section.