49Final annual report: Australian Horticultural Corporation

49 Final annual report: Australian Horticultural Corporation

(1) In spite of the repeal of the Australian Horticultural Corporation Act 1987: (a) the Australian Horticultural Corporation continues in existence for the purpose of giving the Minister the report required under section 9 of the Commonwealth Authorities and Companies Act 1997 in relation to the period starting on the last 1 July before the transfer day and ending on the transfer day; and (b) for that purpose, the membership of the Corporation immediately before the transfer day is taken to be the same on and after the transfer day. (2) For the purposes of the application of section 9 of the Commonwealth Authorities and Companies Act 1997 to the report referred to in subsection (1): (a) the period starting on the last 1 July before the transfer day and ending on the transfer day is taken to be a financial year; and (b) the Australian Horticultural Corporation Act 1987 continues to have effect as if it had not been repealed.