His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Fair Trading Act 1987.
Faye Lo Po’ MPMinister for Fair Trading
1 Name of Regulation
This Regulation is the Fair Trading (Savings and Transitional) Regulation 1997.
2 Commencement
This Regulation is taken to have commenced on 1 August 1997 (the date of commencement of the Fair Trading Legislation Amendment Act 1997).
3 Notes
The explanatory note and table of contents do not form part of this Regulation.
4 Continuation of appointment of certain persons
A person appointed by the Property Services Council under section 83 of the Property, Stock and Business Agents Act 1941 (as in force immediately before 1 August 1997) to examine the trusts and other accounts kept by a licensee (within the meaning of that Act) in connection with the licensee’s business is taken to have been appointed under section 64S of that Act by the Director-General of the Department of Fair Trading to examine the accounts kept by that licensee (or former licensee) in connection with the licensee’s business.