Continuing application of Act to former trustees

In force

(1)

This Act, as in force immediately before the commencement, other than the excluded provisions, continues to apply in relation to a former trustee during the transition period.

(2)

This section is subject to sections 48, 49 and 50.

(3)

In this section—excluded provisions means—

(a)

the following provisions—

(i)

section 5;

(ii)

section 6(1), (2), (5) and (6);

(iii)

sections 7 to 13;

(iv)

section 18(1), (2) and (3);

(v)

section 19(1); and

(b)

from the day that is 1 year after the commencement—section 16(1).

transition period means the period—

(a)

starting on the commencement; and

(b)

ending on the day that is 2 years after the commencement.

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46 Continuing application of Act to former trustees