Victorian Consolidated Legislation

Corporations (Commonwealth Powers) Act 2001 - SECT 1

Purpose

1. Purpose



(1) The purpose of this Act is to refer certain matters relating to
corporations and financial products and services to the Parliament of the
Commonwealth for the purposes of section 51(xxxvii) of the Constitution of the
Commonwealth, so as to enable that Parliament to make laws that apply of their
own force in the State, instead of those matters being dealt with by the
Corporations Law and other applied laws.

(2) Nothing in this Act is intended to enable the making of a law pursuant to
the amendment reference with the sole or main underlying purpose or object of
regulating industrial relations matters even if, but for this subsection, the
law would be a law with respect to a matter referred to the Parliament of the
Commonwealth by the amendment reference.