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426: Validation of levy
or “Explains that money collected from certain fees in the past is considered legal and proper”
You could also call this:

“This explains how money collected in the past was used correctly, even if it wasn't exactly what the old rules said.”

In the past, the Building Authority used money from fees they collected under a previous law. They spent this money on different things. Even though there was a rule saying they could only use the money for certain purposes, the new law says it’s okay that they spent it on other things too. This means that anything they spent the money on before this new rule came into effect is now considered legal and proper. It’s as if they were allowed to do it all along, even if they weren’t supposed to at the time.

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Next up: 428: Validation of accumulation of levy

or “This law says it's okay to collect and use money from special fees, even if people thought it wasn't allowed before.”
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Part 5 Miscellaneous provisions
Transitional provisions: Validations

427Validation of past expenditure of levy

  1. Despite section 23K(3) of the former Act, all applications made before the commencement of this section of levies imposed under Part 3A of the former Act and of any proceeds from those levies received by the Authority for any purpose are validated and must be taken to be and to always have been lawfully applied.