Commonwealth Consolidated Acts(1) A document is an exempt document if it is, or is a copy of or of a part of, or contains an extract from:
(a) a document for the purposes of the Ministerial Council for Companies and Securities prepared by, or received by an agency or Minister from, a State or an authority of a State;
(b) a document the disclosure of which would disclose the deliberations or decisions of the Ministerial Council for Companies and Securities, other than a document by which a decision of that Council was officially published;
(c) a document furnished to the National Companies and Securities Commission by a State or an authority of a State and relating solely to the functions of the Commission in relation to the law of a State or the laws of 2 or more States; or
(d) a document, other than a document referred to in paragraph (c), that is in the possession of the National Companies and Securities Commission and relates solely to the exercise of the functions of that Commission under a law of a State or the laws of 2 or more States.
(2) On and after the abolition of the National Companies and Securities Commission:
(a) subsection (1) is taken to have effect as if paragraphs (1)(c) and (d) were omitted; and
(b) a document that:
(i) was an exempt document because of paragraph (1)(c) or (d) immediately before that day; or
(ii) is a copy of or a part of, or contains an extract from, such an exempt document;
is an exempt document if it is in the possession of a Minister or an agency.
Note: The National Companies and Securities Commission was abolished on 31 July 1992, being a day fixed by Proclamation in accordance with subsection 2(10) of the Corporations Legislation Amendment Act 1991.
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