Personal Property Securities (Commonwealth Powers) Act 2009
16Existing Act ceases to have effect at registration commencement time
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16 Existing Act ceases to have effect at registration commencement time
16 Existing Act ceases to have effect at registration commencement time
(1) The existing Act ceases to have effect in relation to goods at the registration commencement time, except as otherwise provided by this Division.
(2) If a provision of the existing Act (the primary provision) is continued in effect by this Division:
(a) any other provision of the existing Act (a related provision) that is referred to in the primary provision is also continued in effect to the extent necessary for the purposes of the continued application of the primary provision, and
(b) any power to make regulations in respect of a matter that is conferred by the primary provision or a related provision is taken to include a power for the matter to be prescribed by regulations made under this Act after the registration commencement time.
(3) This Division has effect:
(a) despite anything to the contrary in the existing Act, and
(b) in relation to provisions of the existing Act that this Division continues in effect after the registration commencement time even after the existing Act is repealed by the 2009 amending Act.
Note—
Section 4 of the 2009 amending Act provides for the repeal of the existing Act on a day appointed by proclamation (being a day that is not earlier than the day on which the registration commencement time occurs).