54Savings or transitional regulations

54 Savings or transitional regulations

54 Savings or transitional regulations

(1) The regulations may contain provisions of a savings or transitional nature consequent on the enactment of the following Acts:

Financial Sector Reform (New South Wales) Act 1999

(2) Any such provision may, if the regulations so provide, take effect from the date of assent to the Act concerned or a later date.

(3) To the extent to which any such provision takes effect from a date that is earlier than the date of its publication in the Gazette, the provision does not operate so as:

(a) to affect, in a manner prejudicial to any person (other than the State or an authority of the State), the rights of that person existing before the date of its publication, or

(b) to impose liabilities on any person (other than the State or an authority of the State) in respect of anything done or omitted to be done before the date of its publication.

(4) Without limiting subsection (1), any such regulation may make provision for or with respect to the construction of references in any Act, statutory instrument or other document of any kind to:

(a) any Act repealed by this Act or any provision of any such Act, or

(b) the AFIC Code, the AFIC (NSW) Code, the AFIC (NSW) Regulations or any provision of any such Code or Regulations, or

(c) the Financial Institutions Code, the Financial Institutions (NSW) Code, the Financial Institutions (NSW) Regulations or any provision of any such Code or Regulations, or

(d) the Friendly Societies Code, the Friendly Societies (NSW) Code, the Friendly Societies (NSW) Regulations or any provision of any such Code or Regulations, or

(e) a previous law that corresponds with any such Act, Code or Regulations, or

(f) a law of another State or Territory that corresponds with any such Act, Code or Regulations, or

(g) AFIC or FINCOM, or

(h) building societies, credit unions or friendly societies, or

(i) any other entity referred to in any such Act, Code or Regulations, or