Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf, apart from this section, a provision of this Part (the transitional provision ) would, because the Commonwealth, each State in this jurisdiction and the Northern Territory had its own old ASIC legislation (containing parallel provisions) before the commencement, operate so that:
(a) a particular thing done before the commencement would be taken to be done, or have effect, 2 or more times by, under, or for the purposes of, a provision of the new ASIC legislation; or
(b) a right or liability would be created 2 or more times in respect of a particular event, circumstance or thing that happened before the commencement; or
(c) a particular result or effect would be produced 2 or more times for the purposes of the new ASIC legislation in relation to the same matter;
the transitional provision is taken to operate so that:
(d) if paragraph (a) applies--the thing is taken to be done or have effect only once by, under, or for the purposes of the provision of, the new ASIC legislation; or
(e) if paragraph (b) applies--the right or liability is created only once in respect of the event, circumstance or thing; or
(f) if paragraph (c) applies--the result or effect is produced only once in relation to the matter.