CORPORATIONS LEGISLATION AMENDMENT ACT 1990 No. 110 of 1990 - SECT 4 What this Part does

CORPORATIONS LEGISLATION AMENDMENT ACT 1990 No. 110 of 1990 - SECT 4

4. (1) This Part changes the Principal Act from an Act relying on the
corporations and other powers, and intended to apply ofits own force
throughout Australia, into a law for the government of the Australian Capital
Territory in relation to corporations, securities, the futures industry and
some other matters.

(2) Section 6 of this Act inserts in the Principal Act new Parts providing for
the Corporations Law set out in new section 82 of the Act to apply as a law
for the government of the Territory.

(3) Section 7 of this Act then creates that Corporations Law out of the
existing interpretation and substantive provisions of the Principal Act.

(4) The States (including the Northern Territory) can also apply that
Corporations Law as their own law, because the amendments made by this Part
are designed to render that Law suitable for application as a uniform law in
all States and internal Territories.