16   Provisions of Parts 3 and 4 are Corporations legislation displacement provisions

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 generally.

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.