41Friendly Societies Code provisions

41 Friendly Societies Code provisions

(1)  The following provisions of the Friendly Societies Code continue to apply on and after the transfer date in relation to anything done or omitted to be done before that date as if section 56 had not commenced:

(a) Subdivision 2 of Division 2 of Part 2 (other than sections 31, 35 and 38);

(b) Divisions 3 and 4 of Part 4A;

(c) Part 10;

(d) sections 460, 465, 466 and 471;

(e) the other provisions of the Code relevant to the provisions mentioned in paragraphs (a) , (b) , (c) and (d) .

(2)  Despite subsection (1) , a provision, or part of a provision, applying under that subsection that creates an offence is not limited in its application to anything done or omitted to be done before the transfer date.

(3)  For the purposes of the application mentioned in subsection (1)  –

(a) a reference in the Code to the SSA is taken to be a reference to either relevant Commonwealth body; and

(b) a reference in the Code to a society is taken to be a reference to an entity that on the transfer date is a company under the Corporations Law and was, immediately before that date, a society under the Code; and

(c) in section 32(1) of the Code, the words "the friendly societies legislation" are taken to be omitted and the words "investigating whether an offence against the friendly societies legislation has been committed" are taken to be substituted; and

(d) a reference in section 32(1)(a) or (b) of the Code to an employee of the SSA is taken to be a reference to an employee of either relevant Commonwealth body; and

(e) section 32(4) of the Code is taken to be omitted; and

(f) in the definition "society to which this section applies" in section 465(1) of the Code, paragraphs (a), (b), (d), (e) and (f) are taken to be omitted; and