sec.155Authorised action or document, obligation or protection under repealed provision [ SM, s 240 ]

sec.155 Authorised action or document, obligation or protection under repealed provision [ SM, s 240 ]

This section applies to— an authorised action or document if the authorised action or document continued to have effect or was in force immediately before the commencement; and an entity’s obligation under a repealed provision if the obligation applied to the entity immediately before the commencement; and a protection under a repealed provision that applied to an entity immediately before the commencement. Subject to a specific provision of this regulation in relation to an authorised action or document, obligation or protection under a repealed provision, if there is a corresponding provision to the repealed provision, the authorised action or document, obligation or protection— continues in force or to have effect according to its terms; but is taken to have been done, made, kept or applied under the corresponding provision. Subsection (2)(b) applies whether or not the repealed provision refers to the authorised action or document, obligation or protection by reference to a provision of the repealed regulation. In this section— protection includes a statement that— there is no liability; and there is no invalidity; and a person has an entitlement. (sec.155-ssec.1) This section applies to— an authorised action or document if the authorised action or document continued to have effect or was in force immediately before the commencement; and an entity’s obligation under a repealed provision if the obligation applied to the entity immediately before the commencement; and a protection under a repealed provision that applied to an entity immediately before the commencement. (sec.155-ssec.2) Subject to a specific provision of this regulation in relation to an authorised action or document, obligation or protection under a repealed provision, if there is a corresponding provision to the repealed provision, the authorised action or document, obligation or protection— continues in force or to have effect according to its terms; but is taken to have been done, made, kept or applied under the corresponding provision. (sec.155-ssec.3) Subsection (2)(b) applies whether or not the repealed provision refers to the authorised action or document, obligation or protection by reference to a provision of the repealed regulation. (sec.155-ssec.4) In this section— protection includes a statement that— there is no liability; and there is no invalidity; and a person has an entitlement.

• (a) an authorised action or document if the authorised action or document continued to have effect or was in force immediately before the commencement; and
• (b) an entity’s obligation under a repealed provision if the obligation applied to the entity immediately before the commencement; and
• (c) a protection under a repealed provision that applied to an entity immediately before the commencement.