(1) Section 40 - 30 of the Insolvency Practice Schedule (Corporations) applies whether or not an event mentioned in subsection 40 - 30(1) occurs before, on or after the commencement day.
(2) However, paragraph 40 - 30(1)(c) of the Insolvency Practice Schedule (Corporations) does not apply in relation to the cancellation of the registration of a person as a trustee under the Bankruptcy Act 1966 , as in force at any time before the commencement day.