Formation, ownership or participation in other bodies corporate before the commencement

In force

(1)

Subsection (2) applies if, before the commencement, a council formed or otherwise participated in a corporation, partnership or other trading body under the former Act.

(2)

After the commencement, the council is taken to form or otherwise participate in that corporation, partnership or other trading body as if the council had approval from the Minister under section 39 of the new Act.

This Act’s bill:Explanatory statement Second reading speech

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352 Formation, ownership or participation in other bodies corporate before the commencement