sec.288Acts of chief executive under previous provision taken to be acts of regulator under corresponding provision

sec.288 Acts of chief executive under previous provision taken to be acts of regulator under corresponding provision

This section applies, if the context permits, to give effect to the establishment of the office of regulator. An act of the chief executive, under a previous provision, that continued to have effect or was in force immediately before the commencement— continues to have effect, or continues in force, after commencement subject to any conditions or restrictions associated with the act immediately before the commencement; and is taken to be an equivalent act of the regulator under the corresponding provision to the previous provision. A reference, in a corresponding provision to a previous provision, to an act of the regulator includes a reference to an equivalent act of the chief executive under the previous provision (the original act ). If— any further decision or action must or may be taken in relation to the original act; and that further decision or action would have been taken by the chief executive if the previous provision had continued in force; the decision or action must or may be taken by the regulator under the corresponding provision to the previous provision. (sec.288-ssec.1) This section applies, if the context permits, to give effect to the establishment of the office of regulator. (sec.288-ssec.2) An act of the chief executive, under a previous provision, that continued to have effect or was in force immediately before the commencement— continues to have effect, or continues in force, after commencement subject to any conditions or restrictions associated with the act immediately before the commencement; and is taken to be an equivalent act of the regulator under the corresponding provision to the previous provision. (sec.288-ssec.3) A reference, in a corresponding provision to a previous provision, to an act of the regulator includes a reference to an equivalent act of the chief executive under the previous provision (the original act ). (sec.288-ssec.4) If— any further decision or action must or may be taken in relation to the original act; and that further decision or action would have been taken by the chief executive if the previous provision had continued in force; the decision or action must or may be taken by the regulator under the corresponding provision to the previous provision.

• (a) continues to have effect, or continues in force, after commencement subject to any conditions or restrictions associated with the act immediately before the commencement; and
• (b) is taken to be an equivalent act of the regulator under the corresponding provision to the previous provision.
• (a) any further decision or action must or may be taken in relation to the original act; and
• (b) that further decision or action would have been taken by the chief executive if the previous provision had continued in force;