New South Wales Consolidated Acts

AUSTRALIAN MUTUAL PROVIDENT SOCIETY (DEMUTUALISATION AND RECONSTRUCTION) ACT 1997 - SECT 14

14 Advice of Australian Securities Commission

(1) When exercising or performing powers, authorities, duties or functions under this Part, the Attorney General is, as far as practicable, to seek and take the advice of the Australian Securities Commission (whether generally or in any particular cases or classes of cases) given as an agent of the Attorney General’s Department of New South Wales under an agreement or arrangement referred to in section 67 of the Corporations (New South Wales) Act 1990 .

(2) However, a failure to seek or take, or to receive, such advice does not invalidate anything done or omitted to be done under this Part.