(1) A body corporate that wishes to reincorporate under this Act may apply to the Registrar for a certificate of reincorporation under this Act.
(2) A fee of $700 to defray administration costs is payable in respect of an application and certificate of reincorporation under this Division.
(3) The Minister may by order revise the fee payable under subsection (2).
(4) Where a body corporate applies for reincorporation under this section—
(a) all corporate instruments of the body corporate; and
(b) all cancellations, suspensions, proceedings, acts, registrations and things,
lawfully done under any provision of the incorporating Act are presumed to have been lawfully done under this Act, and shall continue in effect under this Act as though they had been lawfully done under this Act.
(5) For the purposes of this section, “lawfully done” means to have been lawfully granted, issued, imposed, taken, done, commenced, filed, or passed, as the circumstances require.
(Inserted by Act 10 of 2001)