Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) Subject to subsection (2), except to the extent that the Corporations Act 2001 expressly binds the Crown, the Office is declared to be an excluded matter for the purposes of section 5F of the Corporations Act 2001 in relation to the whole of the Corporations legislation to which Part 1.1A of that Act applies.
(2) The Regulations may prescribe that all or specified accounting and reporting obligations and standards imposed or required by the Corporations Act 2001 of or in relation to a public company incorporated under the Corporations Act 2001 apply to and in relation to the Office as if:
(a) the Office were a public company so incorporated; and
(b) the Territory were the shareholders of the company,
and the Corporations Act 2001, with the necessary changes, shall apply to the extent necessary to enforce those standards.