It stil stands. It's a note under each of the programs in the undergrad calendar. So after your first 30 units in first-year, you're basically left with 18 units that can count towards your degree. You can take more, they just wont count towards your degree.
"Limit on Level I Courses: In most Faculties, you may not obtain credit in more than 42 units of Level I courses in a three-level program, or more than 48 units in a four-level program."
From the 2014/2015 undergrad calendar:
http://academiccalendars.rom cmaste...urnto=sear ch