Continuing functions etc. of Commonwealth agencies under national scheme laws

Current

(1)

Commonwealth authorities and officers:

(a)

have the transitional national scheme powers and functions; and

(b) may perform the functions and exercise the powers imposed and conferred on them by virtue of Division 1.

(2)

A Commonwealth authority or officer:

(a) is not subject to any directions in relation to the performance or exercise of a transitional national scheme function or power; and

(b) is not under a duty to perform or exercise a transitional national scheme function or power.

(3)

Subsection (2) does not apply to ASIC.

Research tools for this sectionSubscription

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.