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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 110
Application of Act in relation to certain banking and insurance
110. (1) This section applies where a provision of this Act is expressed to
have, or has, the effect of:
(a) prohibiting or permitting; or
(b) otherwise providing for, referring to, or operating by reference to;
the doing of an act, or the making of an omission, by or in relation
to a corporation within the meaning of that provision.
(2) The provision shall be deemed also to be expressed to have, or also to
have, the effect of:
(a) prohibiting or permitting; or
(b) so providing for, referring to, or operating by reference to; the
doing of that act, or the making of that omission, by, or in relation
to, as the case may be, a body corporate (whether or not the body is
such a corporation) in the course of:
(c) banking (other than State banking not extending beyond the limits of
the State concerned); or
(d) insurance business (other than insurance business relating to State
insurance not extending beyond the limits of the State concerned).
(3) Except so far as the provision has effect by virtue of subsection (2),
it shall be deemed not to be expressed as mentioned, or to have the effect
referred to, in that subsection.
(4) Subject to subsection (3), the effect that the provision has by virtue of
subsection (2) is additional to, and does not prejudice, the effect that the
provision has otherwise than by virtue of that subsection.
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