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(4) An Academy bylaw is approved under subsection (3) (a) if, and only if, a majority of not less than two-thirds of the valid votes cast in the ballot favour the bylaw.

(5) Subsections (3) and (4) apply in relation to any amendment or revocation of any Academy bylaw.

(6) In the event that there is any conflict between the rules and the Academy bylaws, the rules prevail.

40. Repeal of Royal Society of New Zealand Act 1965—The Royal Society of New Zealand Act 1965 is repealed.

41. Private Act—This Act is a private Act.

42. Membership and staff—(1) Every person who, immediately before the commencement of this Act, is a Fellow or an Honorary Member of the Society pursuant to the Royal Society of New Zealand Act 1965 is, on the commencement of this Act, deemed to be a Fellow or an Honorary Fellow, as the case may be, of the Society.

(2) Every person or organisation, other than a Fellow or Honorary Member of the Society, who, immediately before the commencement of this Act, was a member of the Society pursuant to the Royal Society of New Zealand Act 1965 is, upon payment of the appropriate levy, eligible to retain membership of the Society for 1 year after the commencement of this Act.

(3) Every person who, immediately before the commencement of this Act, was an officer or employee of the Society pursuant to the Royal Society of New Zealand Act 1965 is, on the commencement of this Act, deemed to be an officer or employee of the Society and is not entitled to any payment or other benefit for redundancy or otherwise.

43. Interim Council—(1) An Interim Council must be in office on the day this Act comes into force, whose primary responsibility is to hold elections with the object of forming a Council pursuant to section 20.

(2) The Interim Council for the purposes of this section is that body which, under delegated power from the Council of