25Continued application of Table A and Table B in certain circumstances

25 Continued application of Table A and Table B in certain circumstances

(1)  Nothing in this Act or in the Companies (Tasmania) Code affects the continued operation of –

(a) Table A, or any part of Table A, of the Fourth Schedule to the Companies Act 1962 (either as originally enacted or as amended from time to time) or the corresponding Table, or any part of the corresponding Table, in any corresponding previous law of the State (either as originally enacted or as so amended) so far as it applies to a company existing immediately before the commencement of this Act; or

(b) Table B, or any part of Table B, of the Fourth Schedule to the Companies Act 1962 (either as originally enacted or as amended from time to time) or the corresponding Table, or any part of the corresponding Table, in any corresponding previous law of the State (either as originally enacted or as so amended) so far as it applies to a company existing immediately before the commencement of this Act.

(2)  This section does not prevent the articles of a company adopting, in accordance with section 75 (1) of the Companies (Tasmania) Code, all or any of the regulations contained in Table A or Table B of Schedule 3 to that Code.