Document ID: chunk:federal_register_of_legislation:C2010A00066:clause:2_290
Version: federal_register_of_legislation:C2010A00066
Segment Type: clause
Provision Reference: sch 2 cl 290
Character Range: 42131–43514

290  Application of Companies Auditors and Liquidators Disciplinary Board amendments
 (1) The amendments made by items 1 to 5 of Schedule 2 to the amending Act do not apply until after the transition period.
 (2) During the transition period:
 (a) a person holding an appointment as a member of the Companies Auditors and Liquidators Disciplinary Board under paragraph 203(1)(c) or (d) of the old Act immediately before the Schedule 2 commencement continues to hold that appointment on and after that commencement for the remainder of the term of the person's appointment as if those amendments had not been made; and
 (b) paragraph (a) does not prevent the Minister terminating the appointment under section 207 or the person from resigning under section 206; and
 (c) there are to be no more than 6 accounting members of the Companies Auditors and Liquidators Disciplinary Board; and
 (d) any member appointed after the Schedule 2 commencement:
 (i) must be selected by the Minister; and
 (ii) must be eligible to be appointed under subsection 203(1B) as inserted by item 5 of Schedule 2 to the amending Act; and
 (e) accounting member means:
 (i) a member appointed under paragraph (d); or
 (ii) a member appointed under paragraph 203(1)(c) or (d) of the old Act.
 (3) After the transition period, accounting member is taken to include a member appointed under paragraph (2)(d).