Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) Money held in a trust account in accordance with section 62AJA of the old Act immediately before the commencement date shall be taken to have been paid to the credit of the trust account under Part III of the new Act.
(2) Money referred to in subsection (1) that was, immediately before the commencement date, money to which subsection 62AK (2) of the old Act applied, shall be taken to be money to which subsection 27 (2) of the new Act applies.
(3) Interest standing to the credit of the trust account under Part IIAA of the old Act immediately before the commencement date shall be taken to be interest to which section 28 of the new Act applies.
(4) Nothing in this section shall be taken to affect money held in a trust account in accordance with section 62AJA of the old Act immediately before the commencement date if that money was paid in as a bond in relation to a lease or premises to which the new Act does not apply.