Liability of members after commencement

Current

Section 147‑10 of the new Act applies in relation to a transitional corporation as if the application for incorporation of the transitional corporation under Part IV of the old Act were an application for registration of the corporation under the new Act.

Note:

Section 48 of the old Act continues to have effect after commencement in relation to a liability, of a member or former member, incurred before commencement (see section 8 of the Acts Interpretation Act 1901).

This Act’s bill:Explanatory memorandum Second reading speech

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29 Liability of members after commencement