(1) Subsection 48(2) of the Acts Interpretation Act 1901 does not apply to regulations made under any Act that:
(a) are connected with the sale of SMEC; and
(b) include a declaration that the Governor - General is satisfied that they are connected with the sale of SMEC; and
(c) are expressed to take effect on the sale day.
(2) Regulations covered by subsection ( 1) take effect on the sale day.