Regulations to deal with interaction between laws
26 Regulations to deal with interaction between laws
The regulations may modify the operation of the Commonwealth credit legislation so that:
provisions of the Commonwealth credit legislation do not apply to a matter that is dealt with by a law of a referring State or a Territory specified in the regulations; or
no inconsistency arises between the operation of a provision of the Commonwealth credit legislation and the operation of a provision of a law of a referring State or a Territory specified in the regulations.
Without limiting subsection (1), regulations made for the purposes of that subsection may provide that a provision of the Commonwealth credit legislation:
does not apply to:
a person specified in the regulations; or
a body specified in the regulations; or
circumstances specified in the regulations; or
a person or body specified in the regulations in the circumstances specified in the regulations; or
does not prohibit an act to the extent to which the prohibition would otherwise give rise to an inconsistency with a law of a referring State or a Territory; or
does not require a person to do an act to the extent to which the requirement would otherwise give rise to an inconsistency with a law of a referring State or a Territory; or
does not authorise a person to do an act to the extent to which the conferral of that authority on the person would otherwise give rise to an inconsistency with a law of a referring State or a Territory; or
does not impose an obligation on a person to the extent to which complying with that obligation would require the person not to comply with an obligation imposed on the person under a law of a referring State or a Territory; or
authorises a person to do something for the purposes of the Commonwealth credit legislation that the person:
is authorised to do under a law of a referring State or a Territory; and
would not otherwise be authorised to do under the Commonwealth credit legislation; or
will be taken to be satisfied if a law of a referring State or a Territory is satisfied.
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