15Continuation of certain provisions of Public Authorities (Financial Arrangements) Act 1987

15 Continuation of certain provisions of Public Authorities (Financial Arrangements) Act 1987

15 Continuation of certain provisions of Public Authorities (Financial Arrangements) Act 1987

(1) The following provisions of the Public Authorities (Financial Arrangements) Act 1987 continue to apply despite the repeal of that Act—

(a) section 8A (Special provisions relating to ownership of buildings, structures or other fixtures) in relation to agreements entered into before the replacement day for the Act,

(b) section 12 (Provisions relating to authorities which obtain financial accommodation) and Schedule 2 (Provisions relating to securities etc) in relation to financial accommodations obtained before the replacement day for the Act,

(c) section 44 (Validation of certain financial adjustments) in relation to arrangements and transactions entered into before the replacement day for the Act.

(2) Any terms and conditions imposed by the Treasurer under section 9 (Treasury advances) of the Public Authorities (Financial Arrangements) Act 1987 on an advance continue to apply to an advance made before the replacement day for the Act.

(3) This clause does not limit the operation of clause 6 or section 30 of the Interpretation Act 1987 in their application to matters arising under the Public Authorities (Financial Arrangements) Act 1987.