156Rail infrastructure manager holding private siding exemption is a registered person under Law

156 Rail infrastructure manager holding private siding exemption is a registered person under Law

(1) This section applies if, immediately before the commencement day, a transitioning rail infrastructure manager held an exemption granted under section 63 of the RS Act.

(2) On the commencement day—

(a) the transitioning rail infrastructure manager is taken to be a registered person granted registration under Division 5 of Part 3 of the Law; and

(b) the exemption that transitioning rail infrastructure manager held is taken to be registration under that Division; and

(c) the terms, conditions and limitations that are specified in that exemption are taken to be conditions or restrictions (as the case requires) to which that transitioning rail infrastructure manager's registration is subject.

S. 157 repealed by No. 41/2019 s. 16.

Division 7—Other matters