87Effect of sections 85 and 86

87 Effect of sections 85 and 86

(1) To the extent that a co-operative scheme law ceases to operate because of section 85 or 86, the law is taken for the purposes of the Interpretation of Legislation Act 1984 to have been repealed by this Act.

(2) Nothing in this Act revives, or otherwise affects the exclusion of, the provisions referred to in section 18(1) of the Companies (Application of Laws) Act 1981 or section 16(1) of the Securities Industry (Application of Laws) Act 1981.

S. 87(3) inserted by No. 43/2001 s. 30(16).

(3) The amendment of the Companies (Application of Laws) Act 1981 by section 26 of the Corporations (Ancillary Provisions) Act 2001 does not revive, or otherwise affect the exclusion of, the provisions referred to in section 18(1) of the Companies (Application of Laws) Act 1981.

S. 87(4) inserted by No. 43/2001 s. 30(16).

(4) The amendment of the Securities Industry (Application of Laws) Act 1981 by section 27 of the Corporations (Ancillary Provisions) Act 2001 does not revive, or otherwise affect the exclusion of, the provisions referred to in section 16(1) of the Securities Industry (Application of Laws) Act 1981.