Document ID: chunk:federal_register_of_legislation:C2015A00126:clause:1_79
Version: federal_register_of_legislation:C2015A00126
Segment Type: clause
Provision Reference: sch 1 cl 79
Character Range: 30522–31366

79  Subsections 70C(7) and (8)
Repeal the subsections, substitute:

Authorisation or amendment not disallowable
 (7) An authorisation or amendment made under this section is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the authorisation or amendment.
Note: Part 4 of Chapter 3 (sunsetting) of the Legislation Act 2003 does not apply to the authorisation or amendment: see regulations made for the purposes of paragraph 54(2)(b) of that Act.

When authorisation or amendment commences
 (8) Despite subsection 12(1) of the Legislation Act 2003, the authorisation or amendment commences from the time it is made.
 (9) Subsection 12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to the authorisation or amendment.

Bankruptcy Act 1966