Document ID: chunk:federal_register_of_legislation:C2018C00001:clause:2_3
Version: federal_register_of_legislation:C2018C00001
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 7438–8405

3  Non‑bodies corporate
(1) Despite subsection 75(2) of the new Act, an approved authority that:
 (a) is taken to be an approved authority for the purposes of the new Act under item 2 of this Schedule; and
 (b) was not a body corporate on 31 December 2013;
is required to be a body corporate only on and after 1 January 2015.
(2) If:
 (a) an approved authority is taken to be an approved authority (the new approved authority) for the purposes of the new Act under item 2 of this Schedule; and
 (b) the new approved authority becomes a body corporate before 1 January 2015;
then for the purposes of the new Act, the body corporate is taken to be the new approved authority.
Note: The effect of subitem (2) is that if the new approved authority was originally covered by section 59, 61 or 62 of the new Act (transitional recurrent funding for participating schools), those provisions will continue to apply to the body corporate even though it is a new legal entity.