Victorian Consolidated Legislation

Corporations (Ancillary Provisions) Act 2001 - SECT 16

Modifications to applied law

16. Modifications to applied law



(1) This Part operates to apply a provision of the Corporations legislation,
or of an Act, regulations or other instrument forming part of the Corporations
legislation, as a law of the State subject to the following modifications-

   (a)  such modifications as may be specified by or under the law containing
        the declaratory provision;

   (b)  a reference to ASIC is (unless a function under an applied law is
        conferred on ASIC as referred to in section 17) taken to be a
        reference to-

   (i)  the Minister administering the declaratory provision or such other
        person (or person belonging to a class of person) as may be specified
        by the regulations (whether generally or in relation to a particular
        applied law); or

   (ii) such other person as may be specified by or under the declaratory
        provision;

   (c)  a reference to the Gazette is a reference to the Government Gazette;

   (d)  a reference to the Minister is a reference to the Minister
        administering the declaratory provision;

   (e)  a reference to this jurisdiction is a reference to Victoria;

   (f)  such other modifications as are necessary or that are prescribed by
        regulations made under this Act, whether generally or in relation to a
        particular applied law.

(2) Any power to make regulations under an Act containing a declaratory
provision extends to the making of regulations specifying modifications for
the purposes of this Part.

(3) Except as provided by subsection (1), definitions and other interpretation
provisions of the Corporations legislation, or of the Act, regulations or
other instrument forming part of the Corporations legislation, relevant to the
applied law are taken also to apply to the matter that is the subject of the
declaratory provision.

(4) This section has effect subject to sections 17 to 20.