Relationship of Act to Corporations legislation
139 Relationship of Act to Corporations legislation
The provisions of Division 1 (insofar as they relate to statutory managers) and Division 2 are declared to be an excluded matter for the purposes of section 5F of the Corporations Act in relation to the provisions of Part 5.2 of that Act.
Note
Section 5F of the Corporations Act provides that if a State law declares a provision of a State law to be an excluded matter in relation to specified provisions of the Corporations legislation, the specified provisions of the Corporations legislation do not apply in the State in relation to that matter.
The provisions of Division 1 (insofar as they relate to receivers) and Division 3 are declared to be Corporations legislation displacement provisions for the purposes of section 5G of the Corporations Act.
Note
Section 5G of the Corporations Act provides that if a State law declares a provision of a State law to be a Corporations legislation displacement provision, any provision of the Corporations legislation with which the State provision would otherwise be inconsistent does not apply to the extent necessary to avoid the inconsistency.
The regulations may declare any matter relating to a licensee that is a company that is prohibited, required, authorised or permitted by or under this Act or the regulations to be an excluded matter for the purposes of section 5F of the Corporations Act.
The regulations may declare any provision of this Act or the regulations relating to a licensee that is a company to be a Corporations legislation displacement provision for the purposes of section 5G of the Corporations Act.
This provision refers to the regulations (The regulations may declare
, the regulations
). Made under this Act:
- Conveyancers (Fees) Regulations 2018 · under section 188
- Conveyancers (Professional Conduct) Regulations 2018 · under section 188
- Conveyancers (Qualifications and Experience) Regulations 2018 · under section 188
1 more instrument made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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