28Registration of charges

28 Registration of charges

(1)  Notwithstanding the repeals effected by section 17 –

(a) Division VII of Part IV of the Companies Act 1962; and

(b) any other provisions of that Act that are necessary for the effectual operation of that Division –

continue in force as if the Companies Act 1962 had not been repealed in relation to –

(c) any charge created by a corporation before the commencement of this Act; and

(d) any charge to which property acquired by a corporation before the commencement of this Act was subject when the property was so acquired –

and the provisions of Division 9 of Part IV of the Companies (Tasmania) Code do not apply in relation to any such charge.

(2)  In subsection (1) , corporation has the meaning assigned to that expression by section 5 of the Companies (Tasmania) Code.