sec.47Effect of QSuper Board becoming proprietary company

### sec.47 Effect of QSuper Board becoming proprietary company QSuper Board Pty Ltd is taken for all purposes to be a continuation of, and the same legal entity as, QSuper Board. Without limiting subsection (1) , the registration of QSuper Board as a proprietary company limited by shares under the Corporations Act does not— create a new legal entity; or affect QSuper Board’s existing assets, rights or liabilities (other than in relation to the members of QSuper Board as provided in section 48 ); or affect any legal proceedings by or against QSuper Board or its members; or affect the employment, or entitlements as an employee, of a person who was a member of staff of QSuper Board other than the board’s chief executive officer, immediately before the registration day. Despite subsections (1) and (2) , QSuper Board Pty Ltd does not represent the State. Subsections (1) and (2) are declared to be Corporations legislation displacement provisions for the purposes of section 5G of the Corporations Act in relation to the provisions of the Corporations legislation generally. s 47 ins 2021 No. 20 s 52 (sec.47-ssec.1) QSuper Board Pty Ltd is taken for all purposes to be a continuation of, and the same legal entity as, QSuper Board. (sec.47-ssec.2) Without limiting subsection (1) , the registration of QSuper Board as a proprietary company limited by shares under the Corporations Act does not— create a new legal entity; or affect QSuper Board’s existing assets, rights or liabilities (other than in relation to the members of QSuper Board as provided in section 48 ); or affect any legal proceedings by or against QSuper Board or its members; or affect the employment, or entitlements as an employee, of a person who was a member of staff of QSuper Board other than the board’s chief executive officer, immediately before the registration day. (sec.47-ssec.3) Despite subsections (1) and (2) , QSuper Board Pty Ltd does not represent the State. (sec.47-ssec.4) Subsections (1) and (2) are declared to be Corporations legislation displacement provisions for the purposes of section 5G of the Corporations Act in relation to the provisions of the Corporations legislation generally. - (a) create a new legal entity; or - (b) affect QSuper Board’s existing assets, rights or liabilities (other than in relation to the members of QSuper Board as provided in section 48 ); or - (c) affect any legal proceedings by or against QSuper Board or its members; or - (d) affect the employment, or entitlements as an employee, of a person who was a member of staff of QSuper Board other than the board’s chief executive officer, immediately before the registration day.