Entities that are not covered by the Model Law

Current

Entities prescribed by the regulations are designated for the purposes of paragraph 2 of Article 1 of the Model Law (as it has the force of law in Australia).

Note 1:

The effect of prescribing an entity is that the Model Law does not apply to it.

Note 2:

The regulations may prescribe the entity by reference to a class. See subsection 13(3) of the Legislation Act 2003.

This Act’s bill:Explanatory memorandum Second reading speech

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9 Entities that are not covered by the Model Law