40Final report by Corporation

40 Final report by Corporation

(1) Despite the repeal of the Housing Loans Insurance Act, that Act continues in force, and the Corporation continues in existence, solely for the purpose of enabling the Corporation to comply with any of its outstanding obligations under section 39 of that Act, or section 9 of the Commonwealth Authorities and Companies Act 1997, in respect of any period before the repeal. (2) If this Part commences within 4 months after 30 June in a year, the section that applies to the period of 12 months ending on that 30 June (being either section 39 of the Housing Loans Insurance Act or section 9 of the Commonwealth Authorities and Companies Act 1997) has effect as if the period of 12 months ending on that 30 June and the period from that 30 June to the commencement of this Part together constituted a year in respect of which the Corporation was required to prepare and furnish a report and financial statements.