Product Expiry and Release Date

I have two products set up, one to expire on 7th Feb, the other to start on 8th Feb. They have an increase in price hence the expiry of one and release of the new product.
Does anyone know if one will expire at midnight and the other start at 12.01am?? Is that how it works?
I'm also in Australia so I don't know if the time is set differently?? (Sorry if that sounds stupid)

Perfect....if not please reach out to our live support chat or submit a case ASAP so we can assist further. 
- http://helpx.adobe.com/business-catalyst.html (Select Business Catalyst and proceed)
Cheers!
-Sidney

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