Part 5 Miscellaneous
16 Provisions of Parts 3 and 4 are Corporations legislation
The provisions of Parts 3 and 4 are declared to be Corporations
legislation displacement provisions for the purposes of section 5G of the
Corporations Act 2001 of the
Commonwealth in relation to the whole of the Corporations legislation
Note. Section 5G (11) of the Corporations Act
2001 of the Commonwealth provides that if a State law declares
a provision of a State law to be a Corporations legislation displacement
provision, any provision of the Corporations legislation with which the State
legislation would otherwise be inconsistent does not apply to the extent
necessary to avoid the inconsistency.
The Governor may make regulations, not inconsistent with this Act,
for or with respect to any matter that by this Act is required or permitted to
be prescribed or that is necessary or convenient to be prescribed for carrying
out or giving effect to this Act.
The Acts and Regulation specified in Schedule 2 are
20 Savings and transitional provisions
Schedule 4 has effect.
21 Review of Act
(1) The Minister is to review this Act to determine whether the policy
objectives of the Act remain valid and whether the terms of the Act remain
appropriate for securing those objectives.
(2) The review is to be undertaken as soon as possible after the
period of 5 years from the date of assent to this
(3) A report on the outcome of the review is to be tabled in each
House of Parliament within 12 months after the end of the period of 5