10
CurrentDividends and refunds under repealed provisions
Schedule 2Savings, transitional and other provisions
Part 2Provisions consequent on enactment of this Act
10 Dividends and refunds under repealed provisions
(1)
A provision of a repealed Act continues to apply (as if it had not been repealed) to and in respect of any dividend declared payable, and any amount refundable to an investor, in respect of any event or contingency that happened before the repeal of the provision.
(2)
Subclause (1) applies only for 12 months after the commencement of this clause, after which time the relevant provisions of this Act apply to any such dividend or amount.
This Act’s bill:Explanatory memorandumSecond reading speech
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