21Savings and transitional provisions

21 Savings and transitional provisions

[Section 21 Inserted by No. 27 of 2006, s. 12, Applied:18 Dec 2006]

(1)  In this section –

prior Act means this Act as in force immediately before the commencement of the Baptist Union Incorporation Amendment Act 2006 ;

prior trusts means the Union Trusts set out in Schedule III of the prior Act.

(2)  If a transaction with respect to property has been commenced under the prior trusts and has not been completed before the commencement of the Baptist Union Incorporation Amendment Act 2006 , the transaction –

(a) is to be completed in accordance with the prior trusts; and

(b) on completion, is taken to have been completed in accordance with the constitution.

(3)  Property held by the Union under the prior trusts immediately before the commencement of the Baptist Union Incorporation Amendment Act 2006 is taken to be held by the Union in accordance with the Union Trusts.