9
In forceClaims arising from failures to account
Schedule 1Savings and transitional provisions
Part 2Provisions consequent on the enactment of this Act
9 Claims arising from failures to account
(1)
In this clause—
prior defalcation means a failure to account within the meaning of Part 4 of the repealed Act where the act or omission from which the failure to account arose occurred before the repeal of the repealed Act.
(2)
The repealed Act continues to apply to and in respect of a prior defalcation as if the repealed Act had not been repealed.
This Act’s bill:Explanatory memorandumSecond reading speech
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