Document ID: chunk:federal_register_of_legislation:C2006C00126:clause:2_50
Version: federal_register_of_legislation:C2006C00126
Segment Type: clause
Provision Reference: sch 2 cl 50
Character Range: 80601–82063

50  Transitional provisions

(1) Subject to subitems (2) and (3), if, immediately before the day this Part commences, a Commonwealth authority or corporation held a licence under Part VIIIA or VIIIB of the Safety, Rehabilitation and Compensation Act 1988, the provisions of that Act as in force immediately before that day continue to apply in relation to the authority or corporation in its capacity as licence holder under Part VIIIA or VIIIB, as the case requires, as if the items of this Part had not been enacted.

(2) Nothing in subitem (1) implies that a Commonwealth authority or a corporation that holds a licence under Part VIIIA or Part VIIIB of the Safety, Rehabilitation and Compensation Act 1988 may not, while continuing to hold that licence, apply for a licence under Part VIII of that Act.

(3) If a Commonwealth authority or a corporation that holds a licence under Part VIIIA or Part VIIIB of the Safety, Rehabilitation and Compensation Act 1988 is granted a licence under Part VIII of that Act:
 (a) the Commission must determine, through the terms and conditions of the licence granted under Part VIII, the arrangements for dealing with all claims made to the authority or corporation in its capacity as a licence holder under Part VIIIA or Part VIIIB that have not been finally and completely dealt with; and
 (b) subject to any arrangements so made, the licence granted under Part VIIIA or Part VIIIB of that Act is of no further effect.