In this Part:
"amending Act" means the Corporations Amendment (Corporate Reporting Reform) Act 2010 .
"old Act" means this Act as in force immediately before the commencement of the amending Act.
"Schedule 2 commencement" means the day on which Part 1 of Schedule 2 to the amending Act commences.
"transition period" means the period:
(a) beginning at the start of the day Part 1 of Schedule 2 to the amending Act commences; and
(b) ending when there is no longer any person holding an appointment as a member of the Companies Auditors and Liquidators Disciplinary Board under paragraph 203(1)(c) or (d) of the old Act.