(1) If, immediately before the Corporations Act commencement, an Act repealed by Part 2 of Schedule 1 to this Act applied in the ACT to a matter, that Act:
(a) continues to apply to that matter after that commencement despite its repeal; and
(b) if that Act applied to that matter immediately before that commencement with particular modifications--it continues to apply to the matter with the same modifications.
(2) For the purposes of subsection (1), if a company was dissolved before the Corporations Law commencement, the Companies Act 1981 is taken to have applied to the dissolution immediately before the Corporations Act commencement.