Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf:
(a) a law of a State or Territory in this jurisdiction had effect before the commencement:
(i) to take or deem something to have happened or to be the case, or to have a particular effect, under or for the purposes of the old ASIC legislation (or a provision of that legislation) of the Commonwealth, a State in this jurisdiction or the Northern Territory; or
(ii) to give something an effect for the purposes of the old ASIC legislation (or a provision of that legislation) that it would not otherwise have had; and
(b) that effect was continuing immediately before the commencement;
this Part applies as if that thing had actually happened or were actually the case, or as if that thing actually had that other effect.