Northern Territory Consolidated Acts

CORPORATIONS REFORM (NORTHERN TERRITORY) ACT - SECT 19

    (1)     Commonwealth authorities and officers:

        (a)     have the transitional national scheme powers and functions; and

        (b)     may perform the functions and exercise the powers imposed and conferred on them by virtue of Division 1.

    (2)     A Commonwealth authority or officer:

        (a)     is not subject to any directions in relation to the performance or exercise of a transitional national scheme function or power; and

        (b)     is not under a duty to perform or exercise a transitional national scheme function or power.

    (3)     Subsection (2) does not apply to ASIC.