{"id":"C2004A00823","name":"Corporations (Repeals, Consequentials and Transitionals) Act 2001","slug":"corporations-repeals-consequentials-and-transitionals-act-2001","collection":"act","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"55 of 2001","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":32662,"registerId":"commonwealth-C2004A00823-current","compilationNumber":null,"startDate":"2026-04-01","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Part 1","sectionType":"part","heading":"Preliminary","content":"## Part 1—Preliminary","sortOrder":0},{"sectionNumber":"1","sectionType":"section","heading":"Short title","content":"#### 1 Short title\n\n  This Act may be cited as the Corporations (Repeals, Consequentials and Transitionals) Act 2001.","sortOrder":1},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"#### 2 Commencement\n\n  (1) Subject to this section, this Act commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (2) Schedules 1 and 2 commence, or are taken to have commenced, at the same time as the Corporations Act 2001.\n  (3) Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (4) Items 65 and 67 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 1 of Schedule 2 to the Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001 commences.\n  (5) Item 146 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when section 10 of the Commonwealth Superannuation Board Act 2001 commences.\n  (6) Item 191 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 5 of the Financial Sector (Collection of Data) Act 2001 commences.\n  (7) Items 296 to 302 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 1 of the Interactive Gambling Act 2001 commences.\n  (8) Item 438 of Schedule 3 commences at the same time as item 35 of Schedule 1 to the Privacy Amendment (Private Sector) Act 2000 commences.\n  (9) Item 495 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when item 14 of Schedule 1 to the Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act 2001 commences.\n  (10) Items 574 and 575 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when the definitions of debenture and interest in section 45 of the Workplace Relations (Registered Organisations) Act 2001 commence.\n  (11) Subject to subsection (12), Schedule 4 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (12) If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences:\n    (a) Schedule 4 to this Act does not commence; and\n    (b) Schedule 5 to this Act commences at the same time as Parts 4 to 10 of the Administrative Review Tribunal Act 2001 commence.\n  (13) If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, Schedule 5 to this Act does not commence.\n  (14) Schedule 6 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.","sortOrder":2},{"sectionNumber":"Part 2","sectionType":"part","heading":"Repeals and amendments","content":"## Part 2—Repeals and amendments","sortOrder":3},{"sectionNumber":"3","sectionType":"section","heading":"Schedule(s)","content":"#### 3 Schedule(s)\n\n  Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.","sortOrder":4},{"sectionNumber":"Part 3","sectionType":"part","heading":"Special transitional arrangements for ACT","content":"An Act to deal with matters consequential on the enactment of the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001, and for related purposes\n\n\\[Assented to 28 June 2001\\]\n\nThe Parliament of Australia enacts:\n\n## Part 1—Preliminary\n\n#### 1 Short title\n\n  This Act may be cited as the Corporations (Repeals, Consequentials and Transitionals) Act 2001.\n\n#### 2 Commencement\n\n  (1) Subject to this section, this Act commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (2) Schedules 1 and 2 commence, or are taken to have commenced, at the same time as the Corporations Act 2001.\n  (3) Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (4) Items 65 and 67 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 1 of Schedule 2 to the Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001 commences.\n  (5) Item 146 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when section 10 of the Commonwealth Superannuation Board Act 2001 commences.\n  (6) Item 191 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 5 of the Financial Sector (Collection of Data) Act 2001 commences.\n  (7) Items 296 to 302 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 1 of the Interactive Gambling Act 2001 commences.\n  (8) Item 438 of Schedule 3 commences at the same time as item 35 of Schedule 1 to the Privacy Amendment (Private Sector) Act 2000 commences.\n  (9) Item 495 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when item 14 of Schedule 1 to the Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act 2001 commences.\n  (10) Items 574 and 575 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when the definitions of debenture and interest in section 45 of the Workplace Relations (Registered Organisations) Act 2001 commence.\n  (11) Subject to subsection (12), Schedule 4 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (12) If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences:\n    (a) Schedule 4 to this Act does not commence; and\n    (b) Schedule 5 to this Act commences at the same time as Parts 4 to 10 of the Administrative Review Tribunal Act 2001 commence.\n  (13) If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, Schedule 5 to this Act does not commence.\n  (14) Schedule 6 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n\n  \n\n## Part 2—Repeals and amendments\n\n#### 3 Schedule(s)\n\n  Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.\n\n  \n\n## Part 3—Special transitional arrangements for ACT\n\n### Division 1—Transitional arrangements for the former Corporations Law and ASIC Law\n\n#### 4 Definitions\n\n  In this Division:\n\n> ACT means the Australian Capital Territory.\n\n> ACT ASIC Law has the same meaning as ASIC Law of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT ASIC Regulations has the same meaning as ASIC Regulations of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT Corporations Law has the same meaning as Corporations Law of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT Corporations Regulations has the same meaning as Corporations Regulations of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ASIC means the Australian Securities and Investments Commission.\n\n> carried over provision:\n\n    (a) of the old ACT corporations legislation—means a provision of that legislation that:\n    (i) was in force immediately before the relevant time; and\n    (ii) corresponds to a provision of the new corporations legislation; and\n    (b) of the old ACT ASIC legislation—means a provision of that legislation that:\n    (i) was in force immediately before the relevant time; and\n    (ii) corresponds to a provision of the new ASIC legislation.\n\n> corresponds has a meaning affected by section 5.\n\n> liability includes a duty or obligation.\n\n> made includes issued, given or published.\n\n> new ASIC Act means the Australian Securities and Investments Commission Act 2001.\n\n> new ASIC legislation means:\n\n    (a) the new ASIC Act; and\n    (b) the new ASIC Regulations (as amended and in force from time to time) and any other regulations made under the new ASIC Act; and\n    (c) the laws of the Commonwealth referred to in subparagraph (a)(ii) and (in relation to the ACT) subparagraph (b)(iii) of the definition of old ASIC legislation in subsection 254(1) of the new ASIC Act, being those laws as they apply after the relevant time; and\n    (d) the preserved instruments.\n\n> new ASIC Regulations means the old ASIC Regulations that, because of section 264 of the new ASIC Act, have effect as if they were made under section 251 of that Act.\n\n> new Corporations Act means the Corporations Act 2001.\n\n> new Corporations legislation means:\n\n    (a) the new Corporations Act; and\n    (b) the new Corporations Regulations (as amended and in force from time to time) and any other regulations made under the new Corporations Act; and\n    (c) the laws of the Commonwealth referred to (in relation to the ACT) in paragraph (c) of the definition of old corporations legislation in subsection 1371(1) of the new Corporations Act, being those laws as they apply after the relevant time; and\n    (d) the preserved instruments.\n\n> new Corporations Regulations means the old Corporations Regulations that, because of section 1380 of the new Corporations Act, have effect as if they were made under section 1364 of that Act.\n\n> old ACT ASIC Law means the ACT ASIC Law as in force from time to time before the relevant time.\n\n> old ACT ASIC legislation means:\n\n    (a) the old ACT ASIC Law and the old ACT ASIC Regulations, and any instruments made under that Law or those Regulations; and\n    (b) the Corporations Act 1989, and any instruments made under that Act, as applying in relation to the old ACT ASIC Law and the old ACT ASIC Regulations from time to time before the relevant time; and\n    (c) the laws of the Commonwealth as applying in relation to the old ACT ASIC Law and the old ACT ASIC Regulations from time to time before the relevant time as laws of, or for the government of, the ACT because of Part 8 of the Corporations Act 1989, and any instruments made under those laws as so applying.\n\n> old ACT ASIC Regulations means the ACT ASIC Regulations as in force from time to time before the relevant time.\n\n> old ACT Corporations Law means the ACT Corporations Law as in force from time to time before the relevant time.\n\n> old ACT corporations legislation means:\n\n    (a) the old ACT Corporations Law and the old ACT Corporations Regulations, and any instruments made under that Law or those Regulations; and\n    (b) the Corporations Act 1989, and any instruments made under that Act , as applying in relation to the old ACT Corporations Law and the old ACT Corporations Regulations from time to time before the relevant time; and\n    (c) the laws of the Commonwealth as applying in relation to the old ACT Corporations Law and the old ACT Corporations Regulations from time to time before the relevant time as laws of, or for the government of, the ACT because of Part 8 of the Corporations Act 1989, and any instruments made under those laws as so applying.\n\n> old ACT Corporations Regulations means the ACT Corporations Regulations as in force from time to time before the relevant time.\n\n> order, in relation to a court, includes any judgment, conviction or sentence of the court.\n\n> pre‑commencement right or liability means a right or liability, whether civil or criminal, other than a right or liability under an order made by a court before the relevant time or a liability referred to in subsection 1397(4) of the new Corporations Act, that:\n\n    (a) was acquired, accrued or incurred under:\n    (i) a carried over provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) a provision of the old ACT corporations legislation or the old ACT ASIC legislation that was no longer in force immediately before the relevant time; and\n    (b) was in existence immediately before the relevant time.\n\n> preserved instrument means:\n\n    (a) in relation to the new corporations legislation—an instrument that, because of section 1399 of the new Corporations Act, has effect after the relevant time as if it were made under a provision of the new corporations legislation; and\n    (b) in relation to the new ASIC legislation—an instrument that, because of section 275 of the new ASIC Act, has effect after the relevant time as if it were made under a provision of the new ASIC legislation; and\n\n> provision of a law includes any portion of the law.\n\n> relevant time means the time when the new Corporations Act, as originally enacted, commences.\n\n> right includes an interest or status.\n\n#### 5 Corresponding provision\n\n  (1) For the purposes of this Act, a provision (the old provision) of the old ACT corporations legislation or the old ACT ASIC legislation corresponds to a provision (the new provision) of the new corporations legislation or the new ASIC legislation (and vice versa) if:\n    (a) the old provision and the new provision are substantially the same, unless the regulations specify that the 2 provisions do not correspond; or\n    (b) the regulations specify that the 2 provisions correspond.\n  (2) For the purposes of paragraph (1)(a), differences of all or any of the following kinds are not sufficient to mean that 2 provisions are not substantially the same:\n    (a) differences in the numbering of the provisions;\n    (b) differences of a minor technical nature (for example, differences in punctuation, or differences that are attributable to the correction of incorrect cross references);\n    (c) the fact that one of the provisions refers to a corresponding previous law and the other does not;\n    (d) the fact that:\n    (i) the old provision allowed a court to exercise powers on its own motion but the new provision does not; or\n    (ii) the old provision required a court to apply a criterion of public interest but the new provision requires a court to apply a criterion of justice and equity; or\n    (iii) the new provision requires ASIC to take account of public interest but the old provision did not;\n    (e) other differences that are attributable to the fact that the new corporations legislation and the new ASIC legislation apply as Commonwealth laws in the States and the internal Territories;\n    (f) other differences of a kind prescribed by the regulations for the purposes of this paragraph.\n  (3) Subsection (2) is not intended to otherwise limit the circumstances in which 2 provisions are, for the purposes of paragraph (1)(a), substantially the same.\n  (4) The regulations may provide that:\n    (a) a specified provision of the old ACT corporations legislation does, or does not, correspond to a specified provision of the new corporations legislation; or\n    (b) a specified provision of the old ACT ASIC legislation does, or does not, correspond to a specified provision of the new ASIC legislation.\n\n#### 6 Extinguishing rights and liabilities, and terminating proceedings, dealt with by new Corporations legislation\n\n  (1) If, by force of:\n    (a) Chapter 10 of the new Corporations Act; or\n    (b) Part 16 of the new ASIC Act;\n  a person acquires, accrues or incurs a right or liability in substitution for a pre‑commencement right or liability, the pre‑commencement right or liability is cancelled at the relevant time.\n  (2) A proceeding in a court that:\n    (a) was started before the relevant time; and\n    (b) was:\n    (i) under a provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old ACT corporations legislation or the old ACT ASIC legislation; and\n    (c) was a proceeding to which section 1383 of the new Corporations Act or section 267 of the new ASIC Act applies; and\n    (d) had not been concluded or terminated before the relevant time;\n  is terminated at the relevant time by force of this subsection.\n  (3) If, by force of a Commonwealth Act (other than the new Corporations Act) referred to in sections 1393 to 1396 of the new Corporations Act, a person becomes liable to pay an amount that is the same as, and is in respect of the same matter as, an amount (the pre‑commencement amount) that was payable by the person before the relevant time under a provision of the old ACT corporations legislation, the person’s liability to pay the pre‑commencement amount is cancelled at the relevant time.\n  (4) This section has effect despite anything in the Acts Interpretation Act 1901.\n\n#### 7 Court proceedings and orders\n\n  (1) This section applies to a proceeding, whether criminal or civil, in relation to which all of the following paragraphs are satisfied:\n    (a) the proceeding was started in a court before the relevant time;\n    (b) the proceeding was:\n    (i) under a provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old ACT corporations legislation or the old ACT ASIC legislation;\n    (c) the proceeding was not a proceeding to which section 1383 or 1384 of the new Corporations Act, or section 267 or 268 of the new ASIC Act, applies;\n    (d) the proceeding had not been concluded or terminated before the relevant time.\n  (2) Subject to subsection (3), a proceeding to which this section applies may be continued, and any order made by a court in such a proceeding may be appealed against, reviewed or enforced as if:\n    (a) the Corporations Act 1989 and the Australian Securities and Investments Commission Act 1989 had not been repealed; and\n    (b) the new corporations legislation and the new ASIC legislation had not come into operation.\n  (3) Nothing in this Act, or in the Acts Interpretation Act 1901, operates to preserve the effect of an order to which subsection 1383(5) of the new Corporations Act, or subsection 267(5) of the new ASIC Act, applies and, at the relevant time, that order ceases to have effect as an order of the court by which it was made and any proceeding in relation to any such order is terminated by force of this subsection.\n  (4) For the avoidance of doubt, Part 9 of the Corporations Act 1989 (which deals with the jurisdiction and procedure of courts) continues to have the same application to a proceeding to which this section applies as it did before the relevant time.\n  (5) In this section:\n\n> proceeding includes:\n\n    (a) a proceeding by way of appeal against, or otherwise seeking review of, an order made by a court; and\n    (b) a proceeding to enforce an order made by a court; and\n    (c) any other proceeding in respect of a breach of an order made by a court.\n\n  \n\n### Division 2—Transitional arrangements for the former co‑operative scheme legislation\n\n#### 8 Definitions\n\n  In this Division:\n\n> ACT means the Australian Capital Territory.\n\n> Corporations Act commencement means the commencement of the Corporations Act 2001.\n\n> Corporations Law commencement means 1 January 1991.\n\n> Note: This is the day on which Chapter 5 of the Corporations Law commenced.\n\n#### 9 Winding up started before commencement\n\n  (1) The provisions of the Corporations Act 2001 with respect to winding up do not apply to any body corporate whose winding up was started before the Corporations Law commencement.\n  (2) If a body corporate’s winding up started before the Corporations Law commencement under a law in force in the ACT:\n    (a) the body corporate is to be wound up in the same manner, and with the same incidents, as if the Companies Act 1981 had not been repealed and the Corporations Act 1989 had not been enacted; and\n    (b) for the purposes of the winding up, the Companies Act 1981 applies, with such modifications as the circumstances require, as if a reference in that Act to the NCSC were, except in relation to a time before that commencement, a reference to the Australian Securities and Investments Commission.\n\n#### 10 Companies Liquidation Account\n\n  (1) In this section:\n\n> relevant money means:\n\n    (a) money that, immediately before the Corporations Law commencement, stood to the credit of the Companies Liquidation Account established by section 428 of the Companies Act 1981; and\n    (b) money that, after the Corporations Law commencement, was or is paid into the Companies Liquidation Account under provisions of the Companies Act 1981 that were taken to continue in force after the Corporations Law commencement for the purposes of windings up started before that commencement.\n  (2) Relevant money is to be dealt with in accordance with section 427 of the Companies Act 1981.\n\n#### 11 General\n\n  (1) If, immediately before the Corporations Act commencement, an Act repealed by Part 2 of Schedule 1 to this Act applied in the ACT to a matter, that Act:\n    (a) continues to apply to that matter after that commencement despite its repeal; and\n    (b) if that Act applied to that matter immediately before that commencement with particular modifications—it continues to apply to the matter with the same modifications.\n  (2) For the purposes of subsection (1), if a company was dissolved before the Corporations Law commencement, the Companies Act 1981 is taken to have applied to the dissolution immediately before the Corporations Act commencement.\n\n  \n\n## Part 4—Functions of Commonwealth agencies in relation to transitional national scheme law matters\n\n#### 12 Definitions\n\n  (1) In this Part:\n\n> authority, in relation to the Commonwealth, includes:\n\n    (a) a body corporate, or an unincorporated body, established for a public purpose by or in accordance with an Act; and\n    (b) a court, tribunal or authority established by or in accordance with an Act;\n  for example:\n    (c) the Administrative Appeals Tribunal; and\n    (d) the Australian Federal Police.\n\n> non‑federal proceeding means:\n\n    (a) a proceeding in relation to which:\n    (i) paragraphs 1383(1)(a), (b) and (d) of the Corporations Act 2001 are satisfied but paragraph 1383(1)(e) of that Act is not satisfied; or\n    (ii) paragraphs 267(1)(a), (b) and (d) of the Australian Securities and Investments Commission Act are satisfied but paragraph 267(1)(e) of that Act is not satisfied; or\n    (b) an enforcement proceeding, or an appeal or review proceeding, in relation to an order of a court made before the commencement in relation to a proceeding that was:\n    (i) under a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n    (iii) under a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory; or\n    (iv) brought as, or connected with, a prosecution for an offence against a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory; or\n    (c) an enforcement proceeding, or an appeal or review proceeding, in relation to an order of a court made after the commencement in relation to a proceeding referred to in paragraph (a).\n\n> officer, in relation to the Commonwealth, includes:\n\n    (a) a Minister; and\n    (b) a person holding:\n    (i) an office established by or under an Act; or\n    (ii) an appointment made under an Act; or\n    (iii) an appointment made by the Governor‑General or a Minister but not under an Act; and\n    (c) a person who is a member or officer of an authority of the Commonwealth; and\n    (d) a person who is in the service or employment of the Commonwealth, or of an authority of the Commonwealth, or is employed or engaged under an Act;\n  for example:\n    (e) a member or special member of the Australian Federal Police; and\n    (f) the Director of Public Prosecutions; and\n    (g) the Ombudsman; and\n    (h) the Privacy Commissioner; and\n    (i) a Special Prosecutor.\n\n> old ASIC legislation has the same meaning as in section 254 of the Australian Securities and Investments Commission Act 2001.\n\n> old corporations legislation has the same meaning as in section 1371 of the Corporations Act 2001.\n\n> transitional national scheme function or power means a function or power in relation to a non‑federal proceeding that is expressed to be conferred by or under a law of a State or Territory in this jurisdiction.\n\n> Note: Commonwealth authorities and officers may have such functions or powers under the State and Territory legislation dealing with the transition from the applied Corporations Law regime to the Corporations Act 2001.\n\n#### 13 Continuing functions of Commonwealth agencies under State and Territory national scheme laws\n\n  (1) Commonwealth authorities and officers:\n    (a) have the transitional national scheme functions and powers; and\n    (b) have the functions and powers conferred on them by virtue of the operation of Part 3 of this Act (special transitional arrangements for the ACT).\n  (2) A Commonwealth authority or officer:\n    (a) is not subject to any directions in relation to the performance or exercise of a transitional national scheme function or power; and\n    (b) is not under a duty to perform or exercise a transitional national scheme function or power.\n  (3) Subsection (2) does not apply to the Australian Securities and Investments Commission.\n\n> Note: Subsection 271(2) of the Australian Securities and Investments Commission Act 2001 deals with the performance and exercise of transitional national scheme functions by ASIC.\n\n  \n\n## Part 5—Regulations\n\n#### 14 The regulations\n\n  (1) The Governor‑General may make regulations prescribing matters:\n    (a) required or permitted by this Act to be prescribed; or\n    (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.\n  (2) Without limiting subsection (1), the regulations may provide that certain provisions of Part 3 are taken to be modified as set out in the regulations. Those provisions then have effect as if they were so modified.","sortOrder":5},{"sectionNumber":"Division 1","sectionType":"division","heading":"Transitional arrangements for the former Corporations Law and ASIC Law","content":"An Act to deal with matters consequential on the enactment of the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001, and for related purposes\n\n\\[Assented to 28 June 2001\\]\n\nThe Parliament of Australia enacts:\n\n## Part 1—Preliminary\n\n#### 1 Short title\n\n  This Act may be cited as the Corporations (Repeals, Consequentials and Transitionals) Act 2001.\n\n#### 2 Commencement\n\n  (1) Subject to this section, this Act commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (2) Schedules 1 and 2 commence, or are taken to have commenced, at the same time as the Corporations Act 2001.\n  (3) Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (4) Items 65 and 67 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 1 of Schedule 2 to the Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001 commences.\n  (5) Item 146 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when section 10 of the Commonwealth Superannuation Board Act 2001 commences.\n  (6) Item 191 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 5 of the Financial Sector (Collection of Data) Act 2001 commences.\n  (7) Items 296 to 302 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 1 of the Interactive Gambling Act 2001 commences.\n  (8) Item 438 of Schedule 3 commences at the same time as item 35 of Schedule 1 to the Privacy Amendment (Private Sector) Act 2000 commences.\n  (9) Item 495 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when item 14 of Schedule 1 to the Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act 2001 commences.\n  (10) Items 574 and 575 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when the definitions of debenture and interest in section 45 of the Workplace Relations (Registered Organisations) Act 2001 commence.\n  (11) Subject to subsection (12), Schedule 4 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (12) If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences:\n    (a) Schedule 4 to this Act does not commence; and\n    (b) Schedule 5 to this Act commences at the same time as Parts 4 to 10 of the Administrative Review Tribunal Act 2001 commence.\n  (13) If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, Schedule 5 to this Act does not commence.\n  (14) Schedule 6 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n\n  \n\n## Part 2—Repeals and amendments\n\n#### 3 Schedule(s)\n\n  Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.\n\n  \n\n## Part 3—Special transitional arrangements for ACT\n\n### Division 1—Transitional arrangements for the former Corporations Law and ASIC Law\n\n#### 4 Definitions\n\n  In this Division:\n\n> ACT means the Australian Capital Territory.\n\n> ACT ASIC Law has the same meaning as ASIC Law of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT ASIC Regulations has the same meaning as ASIC Regulations of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT Corporations Law has the same meaning as Corporations Law of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT Corporations Regulations has the same meaning as Corporations Regulations of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ASIC means the Australian Securities and Investments Commission.\n\n> carried over provision:\n\n    (a) of the old ACT corporations legislation—means a provision of that legislation that:\n    (i) was in force immediately before the relevant time; and\n    (ii) corresponds to a provision of the new corporations legislation; and\n    (b) of the old ACT ASIC legislation—means a provision of that legislation that:\n    (i) was in force immediately before the relevant time; and\n    (ii) corresponds to a provision of the new ASIC legislation.\n\n> corresponds has a meaning affected by section 5.\n\n> liability includes a duty or obligation.\n\n> made includes issued, given or published.\n\n> new ASIC Act means the Australian Securities and Investments Commission Act 2001.\n\n> new ASIC legislation means:\n\n    (a) the new ASIC Act; and\n    (b) the new ASIC Regulations (as amended and in force from time to time) and any other regulations made under the new ASIC Act; and\n    (c) the laws of the Commonwealth referred to in subparagraph (a)(ii) and (in relation to the ACT) subparagraph (b)(iii) of the definition of old ASIC legislation in subsection 254(1) of the new ASIC Act, being those laws as they apply after the relevant time; and\n    (d) the preserved instruments.\n\n> new ASIC Regulations means the old ASIC Regulations that, because of section 264 of the new ASIC Act, have effect as if they were made under section 251 of that Act.\n\n> new Corporations Act means the Corporations Act 2001.\n\n> new Corporations legislation means:\n\n    (a) the new Corporations Act; and\n    (b) the new Corporations Regulations (as amended and in force from time to time) and any other regulations made under the new Corporations Act; and\n    (c) the laws of the Commonwealth referred to (in relation to the ACT) in paragraph (c) of the definition of old corporations legislation in subsection 1371(1) of the new Corporations Act, being those laws as they apply after the relevant time; and\n    (d) the preserved instruments.\n\n> new Corporations Regulations means the old Corporations Regulations that, because of section 1380 of the new Corporations Act, have effect as if they were made under section 1364 of that Act.\n\n> old ACT ASIC Law means the ACT ASIC Law as in force from time to time before the relevant time.\n\n> old ACT ASIC legislation means:\n\n    (a) the old ACT ASIC Law and the old ACT ASIC Regulations, and any instruments made under that Law or those Regulations; and\n    (b) the Corporations Act 1989, and any instruments made under that Act, as applying in relation to the old ACT ASIC Law and the old ACT ASIC Regulations from time to time before the relevant time; and\n    (c) the laws of the Commonwealth as applying in relation to the old ACT ASIC Law and the old ACT ASIC Regulations from time to time before the relevant time as laws of, or for the government of, the ACT because of Part 8 of the Corporations Act 1989, and any instruments made under those laws as so applying.\n\n> old ACT ASIC Regulations means the ACT ASIC Regulations as in force from time to time before the relevant time.\n\n> old ACT Corporations Law means the ACT Corporations Law as in force from time to time before the relevant time.\n\n> old ACT corporations legislation means:\n\n    (a) the old ACT Corporations Law and the old ACT Corporations Regulations, and any instruments made under that Law or those Regulations; and\n    (b) the Corporations Act 1989, and any instruments made under that Act , as applying in relation to the old ACT Corporations Law and the old ACT Corporations Regulations from time to time before the relevant time; and\n    (c) the laws of the Commonwealth as applying in relation to the old ACT Corporations Law and the old ACT Corporations Regulations from time to time before the relevant time as laws of, or for the government of, the ACT because of Part 8 of the Corporations Act 1989, and any instruments made under those laws as so applying.\n\n> old ACT Corporations Regulations means the ACT Corporations Regulations as in force from time to time before the relevant time.\n\n> order, in relation to a court, includes any judgment, conviction or sentence of the court.\n\n> pre‑commencement right or liability means a right or liability, whether civil or criminal, other than a right or liability under an order made by a court before the relevant time or a liability referred to in subsection 1397(4) of the new Corporations Act, that:\n\n    (a) was acquired, accrued or incurred under:\n    (i) a carried over provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) a provision of the old ACT corporations legislation or the old ACT ASIC legislation that was no longer in force immediately before the relevant time; and\n    (b) was in existence immediately before the relevant time.\n\n> preserved instrument means:\n\n    (a) in relation to the new corporations legislation—an instrument that, because of section 1399 of the new Corporations Act, has effect after the relevant time as if it were made under a provision of the new corporations legislation; and\n    (b) in relation to the new ASIC legislation—an instrument that, because of section 275 of the new ASIC Act, has effect after the relevant time as if it were made under a provision of the new ASIC legislation; and\n\n> provision of a law includes any portion of the law.\n\n> relevant time means the time when the new Corporations Act, as originally enacted, commences.\n\n> right includes an interest or status.\n\n#### 5 Corresponding provision\n\n  (1) For the purposes of this Act, a provision (the old provision) of the old ACT corporations legislation or the old ACT ASIC legislation corresponds to a provision (the new provision) of the new corporations legislation or the new ASIC legislation (and vice versa) if:\n    (a) the old provision and the new provision are substantially the same, unless the regulations specify that the 2 provisions do not correspond; or\n    (b) the regulations specify that the 2 provisions correspond.\n  (2) For the purposes of paragraph (1)(a), differences of all or any of the following kinds are not sufficient to mean that 2 provisions are not substantially the same:\n    (a) differences in the numbering of the provisions;\n    (b) differences of a minor technical nature (for example, differences in punctuation, or differences that are attributable to the correction of incorrect cross references);\n    (c) the fact that one of the provisions refers to a corresponding previous law and the other does not;\n    (d) the fact that:\n    (i) the old provision allowed a court to exercise powers on its own motion but the new provision does not; or\n    (ii) the old provision required a court to apply a criterion of public interest but the new provision requires a court to apply a criterion of justice and equity; or\n    (iii) the new provision requires ASIC to take account of public interest but the old provision did not;\n    (e) other differences that are attributable to the fact that the new corporations legislation and the new ASIC legislation apply as Commonwealth laws in the States and the internal Territories;\n    (f) other differences of a kind prescribed by the regulations for the purposes of this paragraph.\n  (3) Subsection (2) is not intended to otherwise limit the circumstances in which 2 provisions are, for the purposes of paragraph (1)(a), substantially the same.\n  (4) The regulations may provide that:\n    (a) a specified provision of the old ACT corporations legislation does, or does not, correspond to a specified provision of the new corporations legislation; or\n    (b) a specified provision of the old ACT ASIC legislation does, or does not, correspond to a specified provision of the new ASIC legislation.\n\n#### 6 Extinguishing rights and liabilities, and terminating proceedings, dealt with by new Corporations legislation\n\n  (1) If, by force of:\n    (a) Chapter 10 of the new Corporations Act; or\n    (b) Part 16 of the new ASIC Act;\n  a person acquires, accrues or incurs a right or liability in substitution for a pre‑commencement right or liability, the pre‑commencement right or liability is cancelled at the relevant time.\n  (2) A proceeding in a court that:\n    (a) was started before the relevant time; and\n    (b) was:\n    (i) under a provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old ACT corporations legislation or the old ACT ASIC legislation; and\n    (c) was a proceeding to which section 1383 of the new Corporations Act or section 267 of the new ASIC Act applies; and\n    (d) had not been concluded or terminated before the relevant time;\n  is terminated at the relevant time by force of this subsection.\n  (3) If, by force of a Commonwealth Act (other than the new Corporations Act) referred to in sections 1393 to 1396 of the new Corporations Act, a person becomes liable to pay an amount that is the same as, and is in respect of the same matter as, an amount (the pre‑commencement amount) that was payable by the person before the relevant time under a provision of the old ACT corporations legislation, the person’s liability to pay the pre‑commencement amount is cancelled at the relevant time.\n  (4) This section has effect despite anything in the Acts Interpretation Act 1901.\n\n#### 7 Court proceedings and orders\n\n  (1) This section applies to a proceeding, whether criminal or civil, in relation to which all of the following paragraphs are satisfied:\n    (a) the proceeding was started in a court before the relevant time;\n    (b) the proceeding was:\n    (i) under a provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old ACT corporations legislation or the old ACT ASIC legislation;\n    (c) the proceeding was not a proceeding to which section 1383 or 1384 of the new Corporations Act, or section 267 or 268 of the new ASIC Act, applies;\n    (d) the proceeding had not been concluded or terminated before the relevant time.\n  (2) Subject to subsection (3), a proceeding to which this section applies may be continued, and any order made by a court in such a proceeding may be appealed against, reviewed or enforced as if:\n    (a) the Corporations Act 1989 and the Australian Securities and Investments Commission Act 1989 had not been repealed; and\n    (b) the new corporations legislation and the new ASIC legislation had not come into operation.\n  (3) Nothing in this Act, or in the Acts Interpretation Act 1901, operates to preserve the effect of an order to which subsection 1383(5) of the new Corporations Act, or subsection 267(5) of the new ASIC Act, applies and, at the relevant time, that order ceases to have effect as an order of the court by which it was made and any proceeding in relation to any such order is terminated by force of this subsection.\n  (4) For the avoidance of doubt, Part 9 of the Corporations Act 1989 (which deals with the jurisdiction and procedure of courts) continues to have the same application to a proceeding to which this section applies as it did before the relevant time.\n  (5) In this section:\n\n> proceeding includes:\n\n    (a) a proceeding by way of appeal against, or otherwise seeking review of, an order made by a court; and\n    (b) a proceeding to enforce an order made by a court; and\n    (c) any other proceeding in respect of a breach of an order made by a court.\n\n  \n\n### Division 2—Transitional arrangements for the former co‑operative scheme legislation\n\n#### 8 Definitions\n\n  In this Division:\n\n> ACT means the Australian Capital Territory.\n\n> Corporations Act commencement means the commencement of the Corporations Act 2001.\n\n> Corporations Law commencement means 1 January 1991.\n\n> Note: This is the day on which Chapter 5 of the Corporations Law commenced.\n\n#### 9 Winding up started before commencement\n\n  (1) The provisions of the Corporations Act 2001 with respect to winding up do not apply to any body corporate whose winding up was started before the Corporations Law commencement.\n  (2) If a body corporate’s winding up started before the Corporations Law commencement under a law in force in the ACT:\n    (a) the body corporate is to be wound up in the same manner, and with the same incidents, as if the Companies Act 1981 had not been repealed and the Corporations Act 1989 had not been enacted; and\n    (b) for the purposes of the winding up, the Companies Act 1981 applies, with such modifications as the circumstances require, as if a reference in that Act to the NCSC were, except in relation to a time before that commencement, a reference to the Australian Securities and Investments Commission.\n\n#### 10 Companies Liquidation Account\n\n  (1) In this section:\n\n> relevant money means:\n\n    (a) money that, immediately before the Corporations Law commencement, stood to the credit of the Companies Liquidation Account established by section 428 of the Companies Act 1981; and\n    (b) money that, after the Corporations Law commencement, was or is paid into the Companies Liquidation Account under provisions of the Companies Act 1981 that were taken to continue in force after the Corporations Law commencement for the purposes of windings up started before that commencement.\n  (2) Relevant money is to be dealt with in accordance with section 427 of the Companies Act 1981.\n\n#### 11 General\n\n  (1) If, immediately before the Corporations Act commencement, an Act repealed by Part 2 of Schedule 1 to this Act applied in the ACT to a matter, that Act:\n    (a) continues to apply to that matter after that commencement despite its repeal; and\n    (b) if that Act applied to that matter immediately before that commencement with particular modifications—it continues to apply to the matter with the same modifications.\n  (2) For the purposes of subsection (1), if a company was dissolved before the Corporations Law commencement, the Companies Act 1981 is taken to have applied to the dissolution immediately before the Corporations Act commencement.\n\n  \n\n## Part 4—Functions of Commonwealth agencies in relation to transitional national scheme law matters\n\n#### 12 Definitions\n\n  (1) In this Part:\n\n> authority, in relation to the Commonwealth, includes:\n\n    (a) a body corporate, or an unincorporated body, established for a public purpose by or in accordance with an Act; and\n    (b) a court, tribunal or authority established by or in accordance with an Act;\n  for example:\n    (c) the Administrative Appeals Tribunal; and\n    (d) the Australian Federal Police.\n\n> non‑federal proceeding means:\n\n    (a) a proceeding in relation to which:\n    (i) paragraphs 1383(1)(a), (b) and (d) of the Corporations Act 2001 are satisfied but paragraph 1383(1)(e) of that Act is not satisfied; or\n    (ii) paragraphs 267(1)(a), (b) and (d) of the Australian Securities and Investments Commission Act are satisfied but paragraph 267(1)(e) of that Act is not satisfied; or\n    (b) an enforcement proceeding, or an appeal or review proceeding, in relation to an order of a court made before the commencement in relation to a proceeding that was:\n    (i) under a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n    (iii) under a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory; or\n    (iv) brought as, or connected with, a prosecution for an offence against a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory; or\n    (c) an enforcement proceeding, or an appeal or review proceeding, in relation to an order of a court made after the commencement in relation to a proceeding referred to in paragraph (a).\n\n> officer, in relation to the Commonwealth, includes:\n\n    (a) a Minister; and\n    (b) a person holding:\n    (i) an office established by or under an Act; or\n    (ii) an appointment made under an Act; or\n    (iii) an appointment made by the Governor‑General or a Minister but not under an Act; and\n    (c) a person who is a member or officer of an authority of the Commonwealth; and\n    (d) a person who is in the service or employment of the Commonwealth, or of an authority of the Commonwealth, or is employed or engaged under an Act;\n  for example:\n    (e) a member or special member of the Australian Federal Police; and\n    (f) the Director of Public Prosecutions; and\n    (g) the Ombudsman; and\n    (h) the Privacy Commissioner; and\n    (i) a Special Prosecutor.\n\n> old ASIC legislation has the same meaning as in section 254 of the Australian Securities and Investments Commission Act 2001.\n\n> old corporations legislation has the same meaning as in section 1371 of the Corporations Act 2001.\n\n> transitional national scheme function or power means a function or power in relation to a non‑federal proceeding that is expressed to be conferred by or under a law of a State or Territory in this jurisdiction.\n\n> Note: Commonwealth authorities and officers may have such functions or powers under the State and Territory legislation dealing with the transition from the applied Corporations Law regime to the Corporations Act 2001.\n\n#### 13 Continuing functions of Commonwealth agencies under State and Territory national scheme laws\n\n  (1) Commonwealth authorities and officers:\n    (a) have the transitional national scheme functions and powers; and\n    (b) have the functions and powers conferred on them by virtue of the operation of Part 3 of this Act (special transitional arrangements for the ACT).\n  (2) A Commonwealth authority or officer:\n    (a) is not subject to any directions in relation to the performance or exercise of a transitional national scheme function or power; and\n    (b) is not under a duty to perform or exercise a transitional national scheme function or power.\n  (3) Subsection (2) does not apply to the Australian Securities and Investments Commission.\n\n> Note: Subsection 271(2) of the Australian Securities and Investments Commission Act 2001 deals with the performance and exercise of transitional national scheme functions by ASIC.\n\n  \n\n## Part 5—Regulations\n\n#### 14 The regulations\n\n  (1) The Governor‑General may make regulations prescribing matters:\n    (a) required or permitted by this Act to be prescribed; or\n    (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.\n  (2) Without limiting subsection (1), the regulations may provide that certain provisions of Part 3 are taken to be modified as set out in the regulations. Those provisions then have effect as if they were so modified.","sortOrder":6},{"sectionNumber":"4","sectionType":"section","heading":"Definitions","content":"#### 4 Definitions\n\n  In this Division:\n\n> ACT means the Australian Capital Territory.\n\n> ACT ASIC Law has the same meaning as ASIC Law of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT ASIC Regulations has the same meaning as ASIC Regulations of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT Corporations Law has the same meaning as Corporations Law of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT Corporations Regulations has the same meaning as Corporations Regulations of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ASIC means the Australian Securities and Investments Commission.\n\n> carried over provision:\n\n    (a) of the old ACT corporations legislation—means a provision of that legislation that:\n    (i) was in force immediately before the relevant time; and\n    (ii) corresponds to a provision of the new corporations legislation; and\n    (b) of the old ACT ASIC legislation—means a provision of that legislation that:\n    (i) was in force immediately before the relevant time; and\n    (ii) corresponds to a provision of the new ASIC legislation.\n\n> corresponds has a meaning affected by section 5.\n\n> liability includes a duty or obligation.\n\n> made includes issued, given or published.\n\n> new ASIC Act means the Australian Securities and Investments Commission Act 2001.\n\n> new ASIC legislation means:\n\n    (a) the new ASIC Act; and\n    (b) the new ASIC Regulations (as amended and in force from time to time) and any other regulations made under the new ASIC Act; and\n    (c) the laws of the Commonwealth referred to in subparagraph (a)(ii) and (in relation to the ACT) subparagraph (b)(iii) of the definition of old ASIC legislation in subsection 254(1) of the new ASIC Act, being those laws as they apply after the relevant time; and\n    (d) the preserved instruments.\n\n> new ASIC Regulations means the old ASIC Regulations that, because of section 264 of the new ASIC Act, have effect as if they were made under section 251 of that Act.\n\n> new Corporations Act means the Corporations Act 2001.\n\n> new Corporations legislation means:\n\n    (a) the new Corporations Act; and\n    (b) the new Corporations Regulations (as amended and in force from time to time) and any other regulations made under the new Corporations Act; and\n    (c) the laws of the Commonwealth referred to (in relation to the ACT) in paragraph (c) of the definition of old corporations legislation in subsection 1371(1) of the new Corporations Act, being those laws as they apply after the relevant time; and\n    (d) the preserved instruments.\n\n> new Corporations Regulations means the old Corporations Regulations that, because of section 1380 of the new Corporations Act, have effect as if they were made under section 1364 of that Act.\n\n> old ACT ASIC Law means the ACT ASIC Law as in force from time to time before the relevant time.\n\n> old ACT ASIC legislation means:\n\n    (a) the old ACT ASIC Law and the old ACT ASIC Regulations, and any instruments made under that Law or those Regulations; and\n    (b) the Corporations Act 1989, and any instruments made under that Act, as applying in relation to the old ACT ASIC Law and the old ACT ASIC Regulations from time to time before the relevant time; and\n    (c) the laws of the Commonwealth as applying in relation to the old ACT ASIC Law and the old ACT ASIC Regulations from time to time before the relevant time as laws of, or for the government of, the ACT because of Part 8 of the Corporations Act 1989, and any instruments made under those laws as so applying.\n\n> old ACT ASIC Regulations means the ACT ASIC Regulations as in force from time to time before the relevant time.\n\n> old ACT Corporations Law means the ACT Corporations Law as in force from time to time before the relevant time.\n\n> old ACT corporations legislation means:\n\n    (a) the old ACT Corporations Law and the old ACT Corporations Regulations, and any instruments made under that Law or those Regulations; and\n    (b) the Corporations Act 1989, and any instruments made under that Act , as applying in relation to the old ACT Corporations Law and the old ACT Corporations Regulations from time to time before the relevant time; and\n    (c) the laws of the Commonwealth as applying in relation to the old ACT Corporations Law and the old ACT Corporations Regulations from time to time before the relevant time as laws of, or for the government of, the ACT because of Part 8 of the Corporations Act 1989, and any instruments made under those laws as so applying.\n\n> old ACT Corporations Regulations means the ACT Corporations Regulations as in force from time to time before the relevant time.\n\n> order, in relation to a court, includes any judgment, conviction or sentence of the court.\n\n> pre‑commencement right or liability means a right or liability, whether civil or criminal, other than a right or liability under an order made by a court before the relevant time or a liability referred to in subsection 1397(4) of the new Corporations Act, that:\n\n    (a) was acquired, accrued or incurred under:\n    (i) a carried over provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) a provision of the old ACT corporations legislation or the old ACT ASIC legislation that was no longer in force immediately before the relevant time; and\n    (b) was in existence immediately before the relevant time.\n\n> preserved instrument means:\n\n    (a) in relation to the new corporations legislation—an instrument that, because of section 1399 of the new Corporations Act, has effect after the relevant time as if it were made under a provision of the new corporations legislation; and\n    (b) in relation to the new ASIC legislation—an instrument that, because of section 275 of the new ASIC Act, has effect after the relevant time as if it were made under a provision of the new ASIC legislation; and\n\n> provision of a law includes any portion of the law.\n\n> relevant time means the time when the new Corporations Act, as originally enacted, commences.\n\n> right includes an interest or status.","sortOrder":7},{"sectionNumber":"5","sectionType":"section","heading":"Corresponding provision","content":"#### 5 Corresponding provision\n\n  (1) For the purposes of this Act, a provision (the old provision) of the old ACT corporations legislation or the old ACT ASIC legislation corresponds to a provision (the new provision) of the new corporations legislation or the new ASIC legislation (and vice versa) if:\n    (a) the old provision and the new provision are substantially the same, unless the regulations specify that the 2 provisions do not correspond; or\n    (b) the regulations specify that the 2 provisions correspond.\n  (2) For the purposes of paragraph (1)(a), differences of all or any of the following kinds are not sufficient to mean that 2 provisions are not substantially the same:\n    (a) differences in the numbering of the provisions;\n    (b) differences of a minor technical nature (for example, differences in punctuation, or differences that are attributable to the correction of incorrect cross references);\n    (c) the fact that one of the provisions refers to a corresponding previous law and the other does not;\n    (d) the fact that:\n    (i) the old provision allowed a court to exercise powers on its own motion but the new provision does not; or\n    (ii) the old provision required a court to apply a criterion of public interest but the new provision requires a court to apply a criterion of justice and equity; or\n    (iii) the new provision requires ASIC to take account of public interest but the old provision did not;\n    (e) other differences that are attributable to the fact that the new corporations legislation and the new ASIC legislation apply as Commonwealth laws in the States and the internal Territories;\n    (f) other differences of a kind prescribed by the regulations for the purposes of this paragraph.\n  (3) Subsection (2) is not intended to otherwise limit the circumstances in which 2 provisions are, for the purposes of paragraph (1)(a), substantially the same.\n  (4) The regulations may provide that:\n    (a) a specified provision of the old ACT corporations legislation does, or does not, correspond to a specified provision of the new corporations legislation; or\n    (b) a specified provision of the old ACT ASIC legislation does, or does not, correspond to a specified provision of the new ASIC legislation.","sortOrder":8},{"sectionNumber":"6","sectionType":"section","heading":"Extinguishing rights and liabilities, and terminating proceedings, dealt with by new Corporations legislation","content":"#### 6 Extinguishing rights and liabilities, and terminating proceedings, dealt with by new Corporations legislation\n\n  (1) If, by force of:\n    (a) Chapter 10 of the new Corporations Act; or\n    (b) Part 16 of the new ASIC Act;\n  a person acquires, accrues or incurs a right or liability in substitution for a pre‑commencement right or liability, the pre‑commencement right or liability is cancelled at the relevant time.\n  (2) A proceeding in a court that:\n    (a) was started before the relevant time; and\n    (b) was:\n    (i) under a provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old ACT corporations legislation or the old ACT ASIC legislation; and\n    (c) was a proceeding to which section 1383 of the new Corporations Act or section 267 of the new ASIC Act applies; and\n    (d) had not been concluded or terminated before the relevant time;\n  is terminated at the relevant time by force of this subsection.\n  (3) If, by force of a Commonwealth Act (other than the new Corporations Act) referred to in sections 1393 to 1396 of the new Corporations Act, a person becomes liable to pay an amount that is the same as, and is in respect of the same matter as, an amount (the pre‑commencement amount) that was payable by the person before the relevant time under a provision of the old ACT corporations legislation, the person’s liability to pay the pre‑commencement amount is cancelled at the relevant time.\n  (4) This section has effect despite anything in the Acts Interpretation Act 1901.","sortOrder":9},{"sectionNumber":"7","sectionType":"section","heading":"Court proceedings and orders","content":"#### 7 Court proceedings and orders\n\n  (1) This section applies to a proceeding, whether criminal or civil, in relation to which all of the following paragraphs are satisfied:\n    (a) the proceeding was started in a court before the relevant time;\n    (b) the proceeding was:\n    (i) under a provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old ACT corporations legislation or the old ACT ASIC legislation;\n    (c) the proceeding was not a proceeding to which section 1383 or 1384 of the new Corporations Act, or section 267 or 268 of the new ASIC Act, applies;\n    (d) the proceeding had not been concluded or terminated before the relevant time.\n  (2) Subject to subsection (3), a proceeding to which this section applies may be continued, and any order made by a court in such a proceeding may be appealed against, reviewed or enforced as if:\n    (a) the Corporations Act 1989 and the Australian Securities and Investments Commission Act 1989 had not been repealed; and\n    (b) the new corporations legislation and the new ASIC legislation had not come into operation.\n  (3) Nothing in this Act, or in the Acts Interpretation Act 1901, operates to preserve the effect of an order to which subsection 1383(5) of the new Corporations Act, or subsection 267(5) of the new ASIC Act, applies and, at the relevant time, that order ceases to have effect as an order of the court by which it was made and any proceeding in relation to any such order is terminated by force of this subsection.\n  (4) For the avoidance of doubt, Part 9 of the Corporations Act 1989 (which deals with the jurisdiction and procedure of courts) continues to have the same application to a proceeding to which this section applies as it did before the relevant time.\n  (5) In this section:\n\n> proceeding includes:\n\n    (a) a proceeding by way of appeal against, or otherwise seeking review of, an order made by a court; and\n    (b) a proceeding to enforce an order made by a court; and\n    (c) any other proceeding in respect of a breach of an order made by a court.","sortOrder":10},{"sectionNumber":"Division 2","sectionType":"division","heading":"Transitional arrangements for the former co‑operative scheme legislation","content":"An Act to deal with matters consequential on the enactment of the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001, and for related purposes\n\n\\[Assented to 28 June 2001\\]\n\nThe Parliament of Australia enacts:\n\n## Part 1—Preliminary\n\n#### 1 Short title\n\n  This Act may be cited as the Corporations (Repeals, Consequentials and Transitionals) Act 2001.\n\n#### 2 Commencement\n\n  (1) Subject to this section, this Act commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (2) Schedules 1 and 2 commence, or are taken to have commenced, at the same time as the Corporations Act 2001.\n  (3) Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (4) Items 65 and 67 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 1 of Schedule 2 to the Financial Sector (Collection of Data—Consequential and Transitional Provisions) Act 2001 commences.\n  (5) Item 146 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when section 10 of the Commonwealth Superannuation Board Act 2001 commences.\n  (6) Item 191 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 5 of the Financial Sector (Collection of Data) Act 2001 commences.\n  (7) Items 296 to 302 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when Part 1 of the Interactive Gambling Act 2001 commences.\n  (8) Item 438 of Schedule 3 commences at the same time as item 35 of Schedule 1 to the Privacy Amendment (Private Sector) Act 2000 commences.\n  (9) Item 495 of Schedule 3 commences on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when item 14 of Schedule 1 to the Superannuation Legislation (Commonwealth Employment) Repeal and Amendment Act 2001 commences.\n  (10) Items 574 and 575 of Schedule 3 commence on the later of:\n    (a) the time when the Corporations Act 2001 commences; or\n    (b) the time when the definitions of debenture and interest in section 45 of the Workplace Relations (Registered Organisations) Act 2001 commence.\n  (11) Subject to subsection (12), Schedule 4 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n  (12) If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences:\n    (a) Schedule 4 to this Act does not commence; and\n    (b) Schedule 5 to this Act commences at the same time as Parts 4 to 10 of the Administrative Review Tribunal Act 2001 commence.\n  (13) If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, Schedule 5 to this Act does not commence.\n  (14) Schedule 6 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.\n\n  \n\n## Part 2—Repeals and amendments\n\n#### 3 Schedule(s)\n\n  Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.\n\n  \n\n## Part 3—Special transitional arrangements for ACT\n\n### Division 1—Transitional arrangements for the former Corporations Law and ASIC Law\n\n#### 4 Definitions\n\n  In this Division:\n\n> ACT means the Australian Capital Territory.\n\n> ACT ASIC Law has the same meaning as ASIC Law of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT ASIC Regulations has the same meaning as ASIC Regulations of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT Corporations Law has the same meaning as Corporations Law of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ACT Corporations Regulations has the same meaning as Corporations Regulations of the Capital Territory had in the Corporations Act 1989 immediately before the relevant time.\n\n> ASIC means the Australian Securities and Investments Commission.\n\n> carried over provision:\n\n    (a) of the old ACT corporations legislation—means a provision of that legislation that:\n    (i) was in force immediately before the relevant time; and\n    (ii) corresponds to a provision of the new corporations legislation; and\n    (b) of the old ACT ASIC legislation—means a provision of that legislation that:\n    (i) was in force immediately before the relevant time; and\n    (ii) corresponds to a provision of the new ASIC legislation.\n\n> corresponds has a meaning affected by section 5.\n\n> liability includes a duty or obligation.\n\n> made includes issued, given or published.\n\n> new ASIC Act means the Australian Securities and Investments Commission Act 2001.\n\n> new ASIC legislation means:\n\n    (a) the new ASIC Act; and\n    (b) the new ASIC Regulations (as amended and in force from time to time) and any other regulations made under the new ASIC Act; and\n    (c) the laws of the Commonwealth referred to in subparagraph (a)(ii) and (in relation to the ACT) subparagraph (b)(iii) of the definition of old ASIC legislation in subsection 254(1) of the new ASIC Act, being those laws as they apply after the relevant time; and\n    (d) the preserved instruments.\n\n> new ASIC Regulations means the old ASIC Regulations that, because of section 264 of the new ASIC Act, have effect as if they were made under section 251 of that Act.\n\n> new Corporations Act means the Corporations Act 2001.\n\n> new Corporations legislation means:\n\n    (a) the new Corporations Act; and\n    (b) the new Corporations Regulations (as amended and in force from time to time) and any other regulations made under the new Corporations Act; and\n    (c) the laws of the Commonwealth referred to (in relation to the ACT) in paragraph (c) of the definition of old corporations legislation in subsection 1371(1) of the new Corporations Act, being those laws as they apply after the relevant time; and\n    (d) the preserved instruments.\n\n> new Corporations Regulations means the old Corporations Regulations that, because of section 1380 of the new Corporations Act, have effect as if they were made under section 1364 of that Act.\n\n> old ACT ASIC Law means the ACT ASIC Law as in force from time to time before the relevant time.\n\n> old ACT ASIC legislation means:\n\n    (a) the old ACT ASIC Law and the old ACT ASIC Regulations, and any instruments made under that Law or those Regulations; and\n    (b) the Corporations Act 1989, and any instruments made under that Act, as applying in relation to the old ACT ASIC Law and the old ACT ASIC Regulations from time to time before the relevant time; and\n    (c) the laws of the Commonwealth as applying in relation to the old ACT ASIC Law and the old ACT ASIC Regulations from time to time before the relevant time as laws of, or for the government of, the ACT because of Part 8 of the Corporations Act 1989, and any instruments made under those laws as so applying.\n\n> old ACT ASIC Regulations means the ACT ASIC Regulations as in force from time to time before the relevant time.\n\n> old ACT Corporations Law means the ACT Corporations Law as in force from time to time before the relevant time.\n\n> old ACT corporations legislation means:\n\n    (a) the old ACT Corporations Law and the old ACT Corporations Regulations, and any instruments made under that Law or those Regulations; and\n    (b) the Corporations Act 1989, and any instruments made under that Act , as applying in relation to the old ACT Corporations Law and the old ACT Corporations Regulations from time to time before the relevant time; and\n    (c) the laws of the Commonwealth as applying in relation to the old ACT Corporations Law and the old ACT Corporations Regulations from time to time before the relevant time as laws of, or for the government of, the ACT because of Part 8 of the Corporations Act 1989, and any instruments made under those laws as so applying.\n\n> old ACT Corporations Regulations means the ACT Corporations Regulations as in force from time to time before the relevant time.\n\n> order, in relation to a court, includes any judgment, conviction or sentence of the court.\n\n> pre‑commencement right or liability means a right or liability, whether civil or criminal, other than a right or liability under an order made by a court before the relevant time or a liability referred to in subsection 1397(4) of the new Corporations Act, that:\n\n    (a) was acquired, accrued or incurred under:\n    (i) a carried over provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) a provision of the old ACT corporations legislation or the old ACT ASIC legislation that was no longer in force immediately before the relevant time; and\n    (b) was in existence immediately before the relevant time.\n\n> preserved instrument means:\n\n    (a) in relation to the new corporations legislation—an instrument that, because of section 1399 of the new Corporations Act, has effect after the relevant time as if it were made under a provision of the new corporations legislation; and\n    (b) in relation to the new ASIC legislation—an instrument that, because of section 275 of the new ASIC Act, has effect after the relevant time as if it were made under a provision of the new ASIC legislation; and\n\n> provision of a law includes any portion of the law.\n\n> relevant time means the time when the new Corporations Act, as originally enacted, commences.\n\n> right includes an interest or status.\n\n#### 5 Corresponding provision\n\n  (1) For the purposes of this Act, a provision (the old provision) of the old ACT corporations legislation or the old ACT ASIC legislation corresponds to a provision (the new provision) of the new corporations legislation or the new ASIC legislation (and vice versa) if:\n    (a) the old provision and the new provision are substantially the same, unless the regulations specify that the 2 provisions do not correspond; or\n    (b) the regulations specify that the 2 provisions correspond.\n  (2) For the purposes of paragraph (1)(a), differences of all or any of the following kinds are not sufficient to mean that 2 provisions are not substantially the same:\n    (a) differences in the numbering of the provisions;\n    (b) differences of a minor technical nature (for example, differences in punctuation, or differences that are attributable to the correction of incorrect cross references);\n    (c) the fact that one of the provisions refers to a corresponding previous law and the other does not;\n    (d) the fact that:\n    (i) the old provision allowed a court to exercise powers on its own motion but the new provision does not; or\n    (ii) the old provision required a court to apply a criterion of public interest but the new provision requires a court to apply a criterion of justice and equity; or\n    (iii) the new provision requires ASIC to take account of public interest but the old provision did not;\n    (e) other differences that are attributable to the fact that the new corporations legislation and the new ASIC legislation apply as Commonwealth laws in the States and the internal Territories;\n    (f) other differences of a kind prescribed by the regulations for the purposes of this paragraph.\n  (3) Subsection (2) is not intended to otherwise limit the circumstances in which 2 provisions are, for the purposes of paragraph (1)(a), substantially the same.\n  (4) The regulations may provide that:\n    (a) a specified provision of the old ACT corporations legislation does, or does not, correspond to a specified provision of the new corporations legislation; or\n    (b) a specified provision of the old ACT ASIC legislation does, or does not, correspond to a specified provision of the new ASIC legislation.\n\n#### 6 Extinguishing rights and liabilities, and terminating proceedings, dealt with by new Corporations legislation\n\n  (1) If, by force of:\n    (a) Chapter 10 of the new Corporations Act; or\n    (b) Part 16 of the new ASIC Act;\n  a person acquires, accrues or incurs a right or liability in substitution for a pre‑commencement right or liability, the pre‑commencement right or liability is cancelled at the relevant time.\n  (2) A proceeding in a court that:\n    (a) was started before the relevant time; and\n    (b) was:\n    (i) under a provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old ACT corporations legislation or the old ACT ASIC legislation; and\n    (c) was a proceeding to which section 1383 of the new Corporations Act or section 267 of the new ASIC Act applies; and\n    (d) had not been concluded or terminated before the relevant time;\n  is terminated at the relevant time by force of this subsection.\n  (3) If, by force of a Commonwealth Act (other than the new Corporations Act) referred to in sections 1393 to 1396 of the new Corporations Act, a person becomes liable to pay an amount that is the same as, and is in respect of the same matter as, an amount (the pre‑commencement amount) that was payable by the person before the relevant time under a provision of the old ACT corporations legislation, the person’s liability to pay the pre‑commencement amount is cancelled at the relevant time.\n  (4) This section has effect despite anything in the Acts Interpretation Act 1901.\n\n#### 7 Court proceedings and orders\n\n  (1) This section applies to a proceeding, whether criminal or civil, in relation to which all of the following paragraphs are satisfied:\n    (a) the proceeding was started in a court before the relevant time;\n    (b) the proceeding was:\n    (i) under a provision of the old ACT corporations legislation or the old ACT ASIC legislation; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old ACT corporations legislation or the old ACT ASIC legislation;\n    (c) the proceeding was not a proceeding to which section 1383 or 1384 of the new Corporations Act, or section 267 or 268 of the new ASIC Act, applies;\n    (d) the proceeding had not been concluded or terminated before the relevant time.\n  (2) Subject to subsection (3), a proceeding to which this section applies may be continued, and any order made by a court in such a proceeding may be appealed against, reviewed or enforced as if:\n    (a) the Corporations Act 1989 and the Australian Securities and Investments Commission Act 1989 had not been repealed; and\n    (b) the new corporations legislation and the new ASIC legislation had not come into operation.\n  (3) Nothing in this Act, or in the Acts Interpretation Act 1901, operates to preserve the effect of an order to which subsection 1383(5) of the new Corporations Act, or subsection 267(5) of the new ASIC Act, applies and, at the relevant time, that order ceases to have effect as an order of the court by which it was made and any proceeding in relation to any such order is terminated by force of this subsection.\n  (4) For the avoidance of doubt, Part 9 of the Corporations Act 1989 (which deals with the jurisdiction and procedure of courts) continues to have the same application to a proceeding to which this section applies as it did before the relevant time.\n  (5) In this section:\n\n> proceeding includes:\n\n    (a) a proceeding by way of appeal against, or otherwise seeking review of, an order made by a court; and\n    (b) a proceeding to enforce an order made by a court; and\n    (c) any other proceeding in respect of a breach of an order made by a court.\n\n  \n\n### Division 2—Transitional arrangements for the former co‑operative scheme legislation\n\n#### 8 Definitions\n\n  In this Division:\n\n> ACT means the Australian Capital Territory.\n\n> Corporations Act commencement means the commencement of the Corporations Act 2001.\n\n> Corporations Law commencement means 1 January 1991.\n\n> Note: This is the day on which Chapter 5 of the Corporations Law commenced.\n\n#### 9 Winding up started before commencement\n\n  (1) The provisions of the Corporations Act 2001 with respect to winding up do not apply to any body corporate whose winding up was started before the Corporations Law commencement.\n  (2) If a body corporate’s winding up started before the Corporations Law commencement under a law in force in the ACT:\n    (a) the body corporate is to be wound up in the same manner, and with the same incidents, as if the Companies Act 1981 had not been repealed and the Corporations Act 1989 had not been enacted; and\n    (b) for the purposes of the winding up, the Companies Act 1981 applies, with such modifications as the circumstances require, as if a reference in that Act to the NCSC were, except in relation to a time before that commencement, a reference to the Australian Securities and Investments Commission.\n\n#### 10 Companies Liquidation Account\n\n  (1) In this section:\n\n> relevant money means:\n\n    (a) money that, immediately before the Corporations Law commencement, stood to the credit of the Companies Liquidation Account established by section 428 of the Companies Act 1981; and\n    (b) money that, after the Corporations Law commencement, was or is paid into the Companies Liquidation Account under provisions of the Companies Act 1981 that were taken to continue in force after the Corporations Law commencement for the purposes of windings up started before that commencement.\n  (2) Relevant money is to be dealt with in accordance with section 427 of the Companies Act 1981.\n\n#### 11 General\n\n  (1) If, immediately before the Corporations Act commencement, an Act repealed by Part 2 of Schedule 1 to this Act applied in the ACT to a matter, that Act:\n    (a) continues to apply to that matter after that commencement despite its repeal; and\n    (b) if that Act applied to that matter immediately before that commencement with particular modifications—it continues to apply to the matter with the same modifications.\n  (2) For the purposes of subsection (1), if a company was dissolved before the Corporations Law commencement, the Companies Act 1981 is taken to have applied to the dissolution immediately before the Corporations Act commencement.\n\n  \n\n## Part 4—Functions of Commonwealth agencies in relation to transitional national scheme law matters\n\n#### 12 Definitions\n\n  (1) In this Part:\n\n> authority, in relation to the Commonwealth, includes:\n\n    (a) a body corporate, or an unincorporated body, established for a public purpose by or in accordance with an Act; and\n    (b) a court, tribunal or authority established by or in accordance with an Act;\n  for example:\n    (c) the Administrative Appeals Tribunal; and\n    (d) the Australian Federal Police.\n\n> non‑federal proceeding means:\n\n    (a) a proceeding in relation to which:\n    (i) paragraphs 1383(1)(a), (b) and (d) of the Corporations Act 2001 are satisfied but paragraph 1383(1)(e) of that Act is not satisfied; or\n    (ii) paragraphs 267(1)(a), (b) and (d) of the Australian Securities and Investments Commission Act are satisfied but paragraph 267(1)(e) of that Act is not satisfied; or\n    (b) an enforcement proceeding, or an appeal or review proceeding, in relation to an order of a court made before the commencement in relation to a proceeding that was:\n    (i) under a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n    (iii) under a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory; or\n    (iv) brought as, or connected with, a prosecution for an offence against a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory; or\n    (c) an enforcement proceeding, or an appeal or review proceeding, in relation to an order of a court made after the commencement in relation to a proceeding referred to in paragraph (a).\n\n> officer, in relation to the Commonwealth, includes:\n\n    (a) a Minister; and\n    (b) a person holding:\n    (i) an office established by or under an Act; or\n    (ii) an appointment made under an Act; or\n    (iii) an appointment made by the Governor‑General or a Minister but not under an Act; and\n    (c) a person who is a member or officer of an authority of the Commonwealth; and\n    (d) a person who is in the service or employment of the Commonwealth, or of an authority of the Commonwealth, or is employed or engaged under an Act;\n  for example:\n    (e) a member or special member of the Australian Federal Police; and\n    (f) the Director of Public Prosecutions; and\n    (g) the Ombudsman; and\n    (h) the Privacy Commissioner; and\n    (i) a Special Prosecutor.\n\n> old ASIC legislation has the same meaning as in section 254 of the Australian Securities and Investments Commission Act 2001.\n\n> old corporations legislation has the same meaning as in section 1371 of the Corporations Act 2001.\n\n> transitional national scheme function or power means a function or power in relation to a non‑federal proceeding that is expressed to be conferred by or under a law of a State or Territory in this jurisdiction.\n\n> Note: Commonwealth authorities and officers may have such functions or powers under the State and Territory legislation dealing with the transition from the applied Corporations Law regime to the Corporations Act 2001.\n\n#### 13 Continuing functions of Commonwealth agencies under State and Territory national scheme laws\n\n  (1) Commonwealth authorities and officers:\n    (a) have the transitional national scheme functions and powers; and\n    (b) have the functions and powers conferred on them by virtue of the operation of Part 3 of this Act (special transitional arrangements for the ACT).\n  (2) A Commonwealth authority or officer:\n    (a) is not subject to any directions in relation to the performance or exercise of a transitional national scheme function or power; and\n    (b) is not under a duty to perform or exercise a transitional national scheme function or power.\n  (3) Subsection (2) does not apply to the Australian Securities and Investments Commission.\n\n> Note: Subsection 271(2) of the Australian Securities and Investments Commission Act 2001 deals with the performance and exercise of transitional national scheme functions by ASIC.\n\n  \n\n## Part 5—Regulations\n\n#### 14 The regulations\n\n  (1) The Governor‑General may make regulations prescribing matters:\n    (a) required or permitted by this Act to be prescribed; or\n    (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.\n  (2) Without limiting subsection (1), the regulations may provide that certain provisions of Part 3 are taken to be modified as set out in the regulations. Those provisions then have effect as if they were so modified.","sortOrder":11},{"sectionNumber":"8","sectionType":"section","heading":"Definitions","content":"#### 8 Definitions\n\n  In this Division:\n\n> ACT means the Australian Capital Territory.\n\n> Corporations Act commencement means the commencement of the Corporations Act 2001.\n\n> Corporations Law commencement means 1 January 1991.\n\n> Note: This is the day on which Chapter 5 of the Corporations Law commenced.","sortOrder":12},{"sectionNumber":"9","sectionType":"section","heading":"Winding up started before commencement","content":"#### 9 Winding up started before commencement\n\n  (1) The provisions of the Corporations Act 2001 with respect to winding up do not apply to any body corporate whose winding up was started before the Corporations Law commencement.\n  (2) If a body corporate’s winding up started before the Corporations Law commencement under a law in force in the ACT:\n    (a) the body corporate is to be wound up in the same manner, and with the same incidents, as if the Companies Act 1981 had not been repealed and the Corporations Act 1989 had not been enacted; and\n    (b) for the purposes of the winding up, the Companies Act 1981 applies, with such modifications as the circumstances require, as if a reference in that Act to the NCSC were, except in relation to a time before that commencement, a reference to the Australian Securities and Investments Commission.","sortOrder":13},{"sectionNumber":"10","sectionType":"section","heading":"Companies Liquidation Account","content":"#### 10 Companies Liquidation Account\n\n  (1) In this section:\n\n> relevant money means:\n\n    (a) money that, immediately before the Corporations Law commencement, stood to the credit of the Companies Liquidation Account established by section 428 of the Companies Act 1981; and\n    (b) money that, after the Corporations Law commencement, was or is paid into the Companies Liquidation Account under provisions of the Companies Act 1981 that were taken to continue in force after the Corporations Law commencement for the purposes of windings up started before that commencement.\n  (2) Relevant money is to be dealt with in accordance with section 427 of the Companies Act 1981.","sortOrder":14},{"sectionNumber":"11","sectionType":"section","heading":"General","content":"#### 11 General\n\n  (1) If, immediately before the Corporations Act commencement, an Act repealed by Part 2 of Schedule 1 to this Act applied in the ACT to a matter, that Act:\n    (a) continues to apply to that matter after that commencement despite its repeal; and\n    (b) if that Act applied to that matter immediately before that commencement with particular modifications—it continues to apply to the matter with the same modifications.\n  (2) For the purposes of subsection (1), if a company was dissolved before the Corporations Law commencement, the Companies Act 1981 is taken to have applied to the dissolution immediately before the Corporations Act commencement.","sortOrder":15},{"sectionNumber":"Part 4","sectionType":"part","heading":"Functions of Commonwealth agencies in relation to transitional national scheme law matters","content":"## Part 4—Functions of Commonwealth agencies in relation to transitional national scheme law matters","sortOrder":16},{"sectionNumber":"12","sectionType":"section","heading":"Definitions","content":"#### 12 Definitions\n\n  (1) In this Part:\n\n> authority, in relation to the Commonwealth, includes:\n\n    (a) a body corporate, or an unincorporated body, established for a public purpose by or in accordance with an Act; and\n    (b) a court, tribunal or authority established by or in accordance with an Act;\n  for example:\n    (c) the Administrative Appeals Tribunal; and\n    (d) the Australian Federal Police.\n\n> non‑federal proceeding means:\n\n    (a) a proceeding in relation to which:\n    (i) paragraphs 1383(1)(a), (b) and (d) of the Corporations Act 2001 are satisfied but paragraph 1383(1)(e) of that Act is not satisfied; or\n    (ii) paragraphs 267(1)(a), (b) and (d) of the Australian Securities and Investments Commission Act are satisfied but paragraph 267(1)(e) of that Act is not satisfied; or\n    (b) an enforcement proceeding, or an appeal or review proceeding, in relation to an order of a court made before the commencement in relation to a proceeding that was:\n    (i) under a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n    (ii) brought as, or connected with, a prosecution for an offence against a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n    (iii) under a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory; or\n    (iv) brought as, or connected with, a prosecution for an offence against a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory; or\n    (c) an enforcement proceeding, or an appeal or review proceeding, in relation to an order of a court made after the commencement in relation to a proceeding referred to in paragraph (a).\n\n> officer, in relation to the Commonwealth, includes:\n\n    (a) a Minister; and\n    (b) a person holding:\n    (i) an office established by or under an Act; or\n    (ii) an appointment made under an Act; or\n    (iii) an appointment made by the Governor‑General or a Minister but not under an Act; and\n    (c) a person who is a member or officer of an authority of the Commonwealth; and\n    (d) a person who is in the service or employment of the Commonwealth, or of an authority of the Commonwealth, or is employed or engaged under an Act;\n  for example:\n    (e) a member or special member of the Australian Federal Police; and\n    (f) the Director of Public Prosecutions; and\n    (g) the Ombudsman; and\n    (h) the Privacy Commissioner; and\n    (i) a Special Prosecutor.\n\n> old ASIC legislation has the same meaning as in section 254 of the Australian Securities and Investments Commission Act 2001.\n\n> old corporations legislation has the same meaning as in section 1371 of the Corporations Act 2001.\n\n> transitional national scheme function or power means a function or power in relation to a non‑federal proceeding that is expressed to be conferred by or under a law of a State or Territory in this jurisdiction.\n\n> Note: Commonwealth authorities and officers may have such functions or powers under the State and Territory legislation dealing with the transition from the applied Corporations Law regime to the Corporations Act 2001.","sortOrder":17},{"sectionNumber":"13","sectionType":"section","heading":"Continuing functions of Commonwealth agencies under State and Territory national scheme laws","content":"#### 13 Continuing functions of Commonwealth agencies under State and Territory national scheme laws\n\n  (1) Commonwealth authorities and officers:\n    (a) have the transitional national scheme functions and powers; and\n    (b) have the functions and powers conferred on them by virtue of the operation of Part 3 of this Act (special transitional arrangements for the ACT).\n  (2) A Commonwealth authority or officer:\n    (a) is not subject to any directions in relation to the performance or exercise of a transitional national scheme function or power; and\n    (b) is not under a duty to perform or exercise a transitional national scheme function or power.\n  (3) Subsection (2) does not apply to the Australian Securities and Investments Commission.\n\n> Note: Subsection 271(2) of the Australian Securities and Investments Commission Act 2001 deals with the performance and exercise of transitional national scheme functions by ASIC.","sortOrder":18},{"sectionNumber":"Part 5","sectionType":"part","heading":"Regulations","content":"## Part 5—Regulations","sortOrder":19},{"sectionNumber":"14","sectionType":"section","heading":"The regulations","content":"#### 14 The regulations\n\n  (1) The Governor‑General may make regulations prescribing matters:\n    (a) required or permitted by this Act to be prescribed; or\n    (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.\n  (2) Without limiting subsection (1), the regulations may provide that certain provisions of Part 3 are taken to be modified as set out in the regulations. Those provisions then have effect as if they were so modified.","sortOrder":20},{"sectionNumber":"122","sectionType":"section","heading":"Staff seconded to ASIC","content":"#### 122 Staff seconded to ASIC\n\n  In addition to the other staff members, officers and employees of Agencies (within the meaning of the Public Service Act 1999), and of authorities of the Commonwealth, whose services are made available to ASIC in connection with the performance or exercise of any of its functions or powers are to assist ASIC.\n\n2 Subsection 254(1)\n\nInsert:\n\n> old corporations legislation has the meaning given by subsection 1371(1) of the Corporations Act 2001.\n\n3 Subsection 255(4)\n\nRepeal the subsection, substitute:\n\n  (4) In this section:\n\n> State validation Act means an Act of a State in this jurisdiction under which certain administrative actions (within the meaning of that Act) taken, or purportedly taken, at or before the commencement by Commonwealth authorities or officers of the Commonwealth (within the meaning of that Act) pursuant to functions or powers (the relevant functions or powers) conferred, or purportedly conferred, by or under laws that include the old application Act for that State have, and are deemed always to have had, the same force and effect for all purposes as they would have had if:\n\n    (a) they had been taken, or purportedly taken by a State authority or officer of the State (within the meaning of that Act); and\n    (b) the relevant functions or powers had been duly conferred on those authorities or officers.\n\n4 Subsection 266(1) (after paragraph (c) of the definition of federal ASIC proceeding)\n\nInsert:\n\n    (ca) a proceeding in relation to a matter to which a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory applied:\n    (i) in which the Commonwealth was seeking an injunction or a declaration; or\n    (ii) to which the Commonwealth, or a person suing or being sued on behalf of the Commonwealth, was a party;\n    (cb) any other proceeding in relation to a matter to which a provision of the old ASIC legislation of a State in this jurisdiction applied that was in the exercise of federal jurisdiction;\n    (cc) any other proceeding in relation to a matter to which a provision of the old ASIC legislation of the Northern Territory applied that would be covered by paragraph (cb) if the Northern Territory had been a State;\n    (cd) any other proceeding under the old ASIC legislation of the Commonwealth that was in the exercise of federal jurisdiction;\n\n5 After section 268\n\nInsert:","sortOrder":21},{"sectionNumber":"268A","sectionType":"section","heading":"Appeals etc. in relation to some former federal corporations proceedings","content":"#### 268A Appeals etc. in relation to some former federal corporations proceedings\n\n  (1) This section applies to a proceeding in relation to which all of the following paragraphs are satisfied:\n    (a) the proceeding was started in a court before the commencement;\n    (b) the proceeding was a federal ASIC proceeding that related to matter to which a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory applied;\n    (c) the proceeding had been concluded or terminated before the commencement.\n  (2) A decision or order made in the proceeding may be appealed against, or otherwise reviewed, as if it had been made in a proceeding that related to a matter to which a provision of this Act applied.\n  (3) An order made in the proceeding may be enforced as if it had been made in a proceeding that related to a matter to which a provision of this Act applied.","sortOrder":22},{"sectionNumber":"268B","sectionType":"section","heading":"Effect of decisions and orders made in federal corporations proceedings before commencement","content":"#### 268B Effect of decisions and orders made in federal corporations proceedings before commencement\n\n  (1) For the avoidance of doubt, if:\n    (a) a proceeding was started in a court before the commencement; and\n    (b) the proceeding was a federal ASIC proceeding that related to matter to which a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory applied; and\n    (c) a decision was made or an order given in the proceeding before the commencement;\n  the decision or order continues to have effect after the commencement despite the provision of the old ASIC legislation ceasing to have effect.\n  (2) This section does not limit the operation of section 268 in relation to the decision or order.\n\n6 Subsection 271(4) (after paragraph (a) of the definition of non‑federal proceeding)\n\nInsert:\n\n    (aa) a proceeding in relation to which paragraphs 1383(1)(a), (b) and (d) of the Corporations Act 2001 are satisfied but paragraph 1383(1)(e) of that Act is not satisfied;\n\n7 Subsection 271(4) (after subparagraph (b)(i) of the definition of non‑federal proceeding)\n\nInsert:\n\n    (ia) under a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n\n8 Subsection 271(4) (at the end of paragraph (b) of the definition of non‑federal proceeding)\n\nAdd:\n\n    (iii) brought as, or connected with, a prosecution for an offence against a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n\n9 Subsection 271(4) (paragraph (c) of the definition of non‑federal proceeding)\n\nAfter “paragraph (a)”, insert “or (aa)”.\n\n10 Subsection 272(1)\n\nOmit “that is a relevant Act for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980”, substitute “that was a relevant Act for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980 as in force immediately before the commencement”.\n\n11 Subsection 272(2)\n\nOmit “that is a relevant Act for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980”, substitute “that was a relevant Act for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980 as in force immediately before the commencement”.\n\nCorporations Act 2001\n\n12 Subsection 9(1) (definition of person)\n\nRepeal the definition, substitute:\n\n> person, when used in Division 2 of Part 2D.2 (sections 200A to 200J), includes a superannuation fund.\n\n13 At the end of Part 7.1A\n\nAdd:","sortOrder":23},{"sectionNumber":"Division 3","sectionType":"division","heading":"Functions and powers","content":"Schedule 1—Repeals\n\nPart 1—The applied laws\n\nAustralian Securities and Investments Commission Act 1989\n\n1 The whole of the Act\n\nRepeal the Act.\n\nCorporations Act 1989\n\n2 The whole of the Act\n\nRepeal the Act.\n\n  \n\nPart 2—The former co‑operative scheme Acts\n\nCompanies Act 1981\n\n3 The whole of the Act\n\nRepeal the Act.\n\nCompanies (Acquisition of Shares) Act 1980\n\n4 The whole of the Act\n\nRepeal the Act.\n\nCompanies (Acquisition of Shares—Fees: Taxation Component) Act 1989\n\n5 The whole of the Act\n\nRepeal the Act.\n\nCompanies and Securities (Interpretation and Miscellaneous Provisions) Act 1980\n\n6 The whole of the Act\n\nRepeal the Act.\n\nCompanies (Fees: Taxation Component) Act 1989\n\n7 The whole of the Act\n\nRepeal the Act.\n\nCompanies (Transitional Provisions) Act 1981\n\n8 The whole of the Act\n\nRepeal the Act.\n\nFutures Industry Act 1986\n\n9 The whole of the Act\n\nRepeal the Act.\n\nFutures Industry (Fees: Taxation Component) Act 1989\n\n10 The whole of the Act\n\nRepeal the Act.\n\nSecurities Industry Act 1980\n\n11 The whole of the Act\n\nRepeal the Act.\n\nSecurities Industry (Fees: Taxation Component) Act 1989\n\n12 The whole of the Act\n\nRepeal the Act.\n\n  \n\nSchedule 2—Amendment of the new ASIC and corporations legislation on commencement of that legislation\n\nAustralian Securities and Investments Commission Act 2001\n\n1 Section 122\n\nRepeal the section, substitute:\n\n#### 122 Staff seconded to ASIC\n\n  In addition to the other staff members, officers and employees of Agencies (within the meaning of the Public Service Act 1999), and of authorities of the Commonwealth, whose services are made available to ASIC in connection with the performance or exercise of any of its functions or powers are to assist ASIC.\n\n2 Subsection 254(1)\n\nInsert:\n\n> old corporations legislation has the meaning given by subsection 1371(1) of the Corporations Act 2001.\n\n3 Subsection 255(4)\n\nRepeal the subsection, substitute:\n\n  (4) In this section:\n\n> State validation Act means an Act of a State in this jurisdiction under which certain administrative actions (within the meaning of that Act) taken, or purportedly taken, at or before the commencement by Commonwealth authorities or officers of the Commonwealth (within the meaning of that Act) pursuant to functions or powers (the relevant functions or powers) conferred, or purportedly conferred, by or under laws that include the old application Act for that State have, and are deemed always to have had, the same force and effect for all purposes as they would have had if:\n\n    (a) they had been taken, or purportedly taken by a State authority or officer of the State (within the meaning of that Act); and\n    (b) the relevant functions or powers had been duly conferred on those authorities or officers.\n\n4 Subsection 266(1) (after paragraph (c) of the definition of federal ASIC proceeding)\n\nInsert:\n\n    (ca) a proceeding in relation to a matter to which a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory applied:\n    (i) in which the Commonwealth was seeking an injunction or a declaration; or\n    (ii) to which the Commonwealth, or a person suing or being sued on behalf of the Commonwealth, was a party;\n    (cb) any other proceeding in relation to a matter to which a provision of the old ASIC legislation of a State in this jurisdiction applied that was in the exercise of federal jurisdiction;\n    (cc) any other proceeding in relation to a matter to which a provision of the old ASIC legislation of the Northern Territory applied that would be covered by paragraph (cb) if the Northern Territory had been a State;\n    (cd) any other proceeding under the old ASIC legislation of the Commonwealth that was in the exercise of federal jurisdiction;\n\n5 After section 268\n\nInsert:\n\n#### 268A Appeals etc. in relation to some former federal corporations proceedings\n\n  (1) This section applies to a proceeding in relation to which all of the following paragraphs are satisfied:\n    (a) the proceeding was started in a court before the commencement;\n    (b) the proceeding was a federal ASIC proceeding that related to matter to which a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory applied;\n    (c) the proceeding had been concluded or terminated before the commencement.\n  (2) A decision or order made in the proceeding may be appealed against, or otherwise reviewed, as if it had been made in a proceeding that related to a matter to which a provision of this Act applied.\n  (3) An order made in the proceeding may be enforced as if it had been made in a proceeding that related to a matter to which a provision of this Act applied.\n\n#### 268B Effect of decisions and orders made in federal corporations proceedings before commencement\n\n  (1) For the avoidance of doubt, if:\n    (a) a proceeding was started in a court before the commencement; and\n    (b) the proceeding was a federal ASIC proceeding that related to matter to which a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory applied; and\n    (c) a decision was made or an order given in the proceeding before the commencement;\n  the decision or order continues to have effect after the commencement despite the provision of the old ASIC legislation ceasing to have effect.\n  (2) This section does not limit the operation of section 268 in relation to the decision or order.\n\n6 Subsection 271(4) (after paragraph (a) of the definition of non‑federal proceeding)\n\nInsert:\n\n    (aa) a proceeding in relation to which paragraphs 1383(1)(a), (b) and (d) of the Corporations Act 2001 are satisfied but paragraph 1383(1)(e) of that Act is not satisfied;\n\n7 Subsection 271(4) (after subparagraph (b)(i) of the definition of non‑federal proceeding)\n\nInsert:\n\n    (ia) under a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n\n8 Subsection 271(4) (at the end of paragraph (b) of the definition of non‑federal proceeding)\n\nAdd:\n\n    (iii) brought as, or connected with, a prosecution for an offence against a provision of the old corporations legislation of a State or Territory in this jurisdiction; or\n\n9 Subsection 271(4) (paragraph (c) of the definition of non‑federal proceeding)\n\nAfter “paragraph (a)”, insert “or (aa)”.\n\n10 Subsection 272(1)\n\nOmit “that is a relevant Act for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980”, substitute “that was a relevant Act for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980 as in force immediately before the commencement”.\n\n11 Subsection 272(2)\n\nOmit “that is a relevant Act for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980”, substitute “that was a relevant Act for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980 as in force immediately before the commencement”.\n\nCorporations Act 2001\n\n12 Subsection 9(1) (definition of person)\n\nRepeal the definition, substitute:\n\n> person, when used in Division 2 of Part 2D.2 (sections 200A to 200J), includes a superannuation fund.\n\n13 At the end of Part 7.1A\n\nAdd:\n\n### Division 3—Functions and powers\n\n#### 766J The Exchange’s functions and powers\n\n  (1) In addition to the legal capacity and powers it has because of section 124, the Exchange has such functions and powers as are conferred, or expressed to be conferred, on it by this Act.\n  (2) Section 125 does not apply in relation to a function or power conferred, or expressed to be conferred, as mentioned in subsection (1) of this section.\n  (3) The Exchange is to perform the functions, and may exercise the powers, that are conferred on it by or under this Act.\n\n14 Subsection 1372(4)\n\nRepeal the subsection, substitute:\n\n  (4) In this section:\n\n> State validation Act means an Act of a State in this jurisdiction under which certain administrative actions (within the meaning of that Act) taken, or purportedly taken, at or before the commencement by Commonwealth authorities or officers of the Commonwealth (within the meaning of that Act) pursuant to functions or powers (the relevant functions or powers) conferred, or purportedly conferred, by or under laws that include the old application Act for that State have, and are deemed always to have had, the same force and effect for all purposes as they would have had if:\n\n    (a) they had been taken, or purportedly taken by a State authority or officer of the State (within the meaning of that Act); and\n    (b) the relevant functions or powers had been duly conferred on those authorities or officers.\n\n15 Subsection 1382(1) (after paragraph (b) of the definition of federal corporations proceeding)\n\nInsert:\n\n    (ba) a proceeding that relates to a matter to which a provision of the Corporations Act 1989 applied (other than a proceeding that relates to a matter to which a provision of the Corporations Law of the Australian Capital Territory applied);\n    (bb) a proceeding in relation to a matter to which a provision of the old corporations legislation of a State or Territory in this jurisdiction applied:\n    (i) in which the Commonwealth was seeking an injunction or a declaration; or\n    (ii) to which the Commonwealth, or a person suing or being sued on behalf of the Commonwealth, was a party;\n    (bc) any other proceeding in relation to a matter to which a provision of the old corporations legislation of a State in this jurisdiction applied that was in the exercise of federal jurisdiction;\n    (bd) any other proceeding in relation to a matter to which a provision of the old corporations legislation of a Territory in this jurisdiction applied that would be covered by paragraph (bc) if the Territory had been a State;\n\n16 After section 1384\n\nInsert:\n\n#### 1384A Appeals etc. in relation to some former federal corporations proceedings\n\n  (1) This section applies to a proceeding in relation to which all of the following paragraphs are satisfied:\n    (a) the proceeding was started in a court before the commencement;\n    (b) the proceeding was a federal corporations proceeding that related to a matter to which a provision of the old corporations legislation of a State or Territory in this jurisdiction applied; and\n    (c) the proceeding had been concluded or terminated before the commencement.\n  (2) A decision or order made in the proceeding may be appealed against, or otherwise reviewed, as if it had been made in a proceeding that related to a matter to which a provision of this Act applied.\n  (3) An order made in the proceeding may be enforced as if it had been made in a proceeding that related to a matter to which a provision of this Act applied.\n\n#### 1384B Effect of decisions and orders made in federal corporations proceedings before commencement\n\n  (1) For the avoidance of doubt, if:\n    (a) a proceeding was started in a court before the commencement; and\n    (b) the proceeding was a federal corporations proceeding that related to a matter to which a provision of the old corporations legislation of a State or Territory in this jurisdiction applied; and\n    (c) a decision was made or an order given in the proceeding before the commencement;\n  the decision or order continues to have effect after the commencement despite the provision of the old corporations legislation ceasing to have effect.\n  (2) This section does not limit the operation of section 1384 in relation to the decision or order.\n\n  \n\nSchedule 3—Consequential amendments of other Acts\n\nAboriginal and Torres Strait Islander Commission Act 1989\n\n1 Subsection 4(2)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nAboriginal Councils and Associations Act 1976\n\n2 Section 3 (paragraph (b) of the definition of unauthorised name)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n3 Section 62\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 62 is altered by omitting “Companies” and substituting “Corporations”.\n\n4 Section 67\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 67 is altered by omitting “Companies” and substituting “Corporations”.\n\n5 Section 81A\n\nRepeal the section, substitute:\n\n#### 81A Aboriginal corporation not registrable Australian body\n\n  An Aboriginal corporation is not a registrable Australian body for the purposes of the Corporations Act 2001.\n\nACIS Administration Act 1999\n\n6 Subsection 21(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n7 Paragraph 29(2)(d)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n8 Paragraph 29(2)(e)\n\nOmit “that Law”, substitute “that Act”.\n\nActs Interpretation Act 1901\n\n9 Section 40A\n\nRepeal the section, substitute:\n\n#### 40A References to the new corporations and ASIC legislation\n\n  (1) A reference in an Act to:\n    (a) an Act, or regulations or another instrument, that is part of the new corporations legislation or the new ASIC legislation; or\n    (b) a provision, or group of provisions, of such an Act, regulations or other instrument;\n  is taken to include a reference to:\n    (c) the corresponding part, provision or provisions of the old corporations legislation or the old ASIC legislation; and\n    (d) any relevant earlier law.\n  (2) Subsection (1) does not apply to:\n    (a) a reference in an Act that is part of the new corporations legislation or the new ASIC legislation; or\n    (b) a reference in the Corporations (Repeals, Consequentials and Transitionals) Act 2001; or\n    (c) a reference that identifies an Act that is part of the new corporations legislation or the new ASIC legislation as an Act to be amended; or\n    (d) a reference in a provision that applies an Act that is part of the new corporations legislation or the new ASIC legislation, or a provision or group of provisions, of such an Act to a particular matter (whether with or without modification).\n  (3) Subsection (1) has effect:\n    (a) subject to an express provision to the contrary in the Act concerned; and\n    (b) subject to regulations made for the purposes of subsection (5).\n  (4) For the purposes of this section:\n    (a) the question whether a part, provision or provisions of the old corporations legislation corresponds to a part, provision or provisions of the new corporations legislation is to be determined in the same way as it is determined for the purposes of Part 10.1 of the Corporations Act 2001; and\n    (b) the question whether a part, provision or provisions of the old ASIC legislation corresponds to a part, provision or provisions of the new ASIC legislation is to be determined in the same way as it is determined for the purposes of Part 16 of the Australian Securities and Investments Commission Act 2001.\n  (5) The regulations may provide that subsection (1) does not apply in relation to a particular reference, or class of references, in an Act.\n  (6) In this section:\n\n> new ASIC legislation has the same meanings as in Part 16 of the Australian Securities and Investments Commission Act 2001.\n\n> new corporations legislation has the same meanings as in Part 10.1 of the Corporations Act 2001.\n\n> old ASIC legislation has the same meanings as in Part 16 of the Australian Securities and Investments Commission Act 2001.\n\n> old corporations legislation has the same meanings as in Part 10.1 of the Corporations Act 2001.\n\n> relevant earlier law, in relation to a provision of the old corporations legislation, or the old ASIC legislation, means a law that was:\n\n    (a) a corresponding previous law (as defined for the purposes of that provision or provisions that included that provision); or\n    (b) a relevant previous law (as defined for the purposes of that provision or provisions that included that provision).\n\n10 At the end of the Act\n\nAdd:\n\n#### 51 Regulations\n\n  The Governor‑General may make regulations prescribing matters:\n    (a) required or permitted by this Act to be prescribed; or\n    (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.\n\nAdministrative Appeals Tribunal Act 1975\n\n11 Paragraph 27A(2)(d)\n\nRepeal the paragraph, substitute:\n\n    (d) a decision under the Corporations Act 2001 to which section 1317B of that Act applies;\n\n12 Paragraph 27A(2)(e)\n\nRepeal the paragraph, substitute:\n\n    (e) a decision under the Australian Securities and Investments Commission Act 2001 to which section 244 of that Act applies.\n\nAdministrative Decisions (Judicial Review) Act 1977\n\n13 Subsection 3(8A)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n14 Section 9 (note)\n\nOmit “51(2A) of the Corporations Act 1989” (wherever occurring), substitute “1337B(3) of the Corporations Act 2001”.\n\n15 Paragraph 2(c) of Schedule 3\n\nRepeal the paragraph.\n\nAerospace Technologies of Australia Limited Sale Act 1994\n\n16 Section 3 (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n17 Section 4\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAgricultural and Veterinary Chemicals Code Act 1994\n\n18 Subsection 69(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAir Navigation Act 1920\n\n19 Subsection 11A(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n20 Subsection 11A(3)\n\nOmit “that Law”, substitute “that Act”.\n\n21 Subsection 11A(4) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAirports Act 1996\n\n22 Section 5 (paragraph (b) of the definition of qualified company)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n23 Subsection 141(7)\n\nOmit “32 of the Corporations Act 1989” (wherever occurring), substitute “334 of the Corporations Act 2001”.\n\n24 Section 144\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n25 Paragraph 14(1)(e) of the Schedule\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\nAirports (Transitional) Act 1996\n\n26 Section 4 (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAir Services Act 1995\n\n27 Subsection 3(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nA New Tax System (Australian Business Number) Act 1999\n\n28 Subsection 8(2)\n\nOmit “Corporations Law”, substitute “Corporations Act”.\n\n29 Section 41 (definition of Corporations Law Company)\n\nRepeal the definition.\n\n30 Section 41\n\nInsert:\n\n> Corporations Act company means a body registered as a company under the Corporations Act 2001.\n\nA New Tax System (Goods and Services Tax) Act 1999\n\n31 Section 195‑1 (paragraph (a) of the definition of futures exchange)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n32 Section 195‑1 (paragraph (a) of the definition of futures exchange)\n\nOmit “that Law”, substitute “that Act”.\n\n33 Section 195‑1 (definition of officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n34 Section 195‑1 (paragraph (d) of the definition of representative)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nA New Tax System (Luxury Car Tax) Act 1999\n\n35 Section 27‑1 (definition of officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAuditor‑General Act 1997\n\n36 Section 5 (definition of Auditor‑General function)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n37 Section 5 (definition of Corporations Law)\n\nRepeal the definition.\n\n38 Section 5 (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n39 Subsection 21(1)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 21 is altered by omitting “Law” and substituting “Act”.\n\n40 Paragraph 26(1)(b)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nAustralian Hearing Services Act 1991\n\n41 Subsection 4(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Industry Development Corporation Act 1970\n\n42 Section 33B (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n43 Subsection 33F(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n44 Subsection 33K(7)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n45 Paragraph 34C(7)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n46 Paragraphs 34D(1)(b) and (c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n47 Subsections 34D(2) and (3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n48 Paragraph 34E(5)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n49 Paragraph 34G(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n50 Subsection 34G(2) (definition of listing rules)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n51 Subsection 34G(2) (definition of securities exchange)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n52 Subsection 34G(3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n53 Section 36A\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Land Transport Development Act 1988\n\n54 Subparagraph 15(3)(c)(i)\n\nOmit “Corporations Law of a State or of an internal Territory”, substitute “Corporations Act 2001”.\n\n55 Subsection 28A(3)\n\nOmit “Corporations Law of a State or of an internal Territory”, substitute “Corporations Act 2001”.\n\n56 Subsection 28A(3)\n\nOmit “that Corporations Law”, substitute “that Act”.\n\nAustralian Meat and Live‑stock Industry 1997\n\n57 Subsection 8(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n58 Subsection 8(5) (definition of corporation)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n59 Paragraphs 60(4)(a) and 60(5)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n60 Paragraph 61(2)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n61 Section 72\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Postal Corporation Act 1989\n\n62 Section 6\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Prudential Regulation Authority Act 1998\n\n63 Section 3 (definition of ASIC staff member)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n64 Subsection 56(1) (paragraph (b) of the definition of protected document)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n65 Subsection 56(1) (paragraph (cb) of the definition of protected document)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n66 Subsection 56(1) (paragraph (b) of the definition of protected information)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n67 Subsection 56(1) (paragraph (cb) of the definition of protected information)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Sports Drug Agency Act 1990\n\n68 Subsections 10A(3), (5) and (6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nBanking Act 1959\n\n69 Subsection 5(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n70 Subsection 11CA(6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n71 Subsection 11CG(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n72 Paragraph 13C(1)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n73 Subsection 14C(4)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to subsection 14C(4) is altered by omitting “Law” and substituting “Act 2001”.\n\n74 Subsection 14F(2)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n75 Subsection 15(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n76 Subsection 15A(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n77 Paragraph 63(5)(aa)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n78 Section 70B\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 70B is altered by omitting “Law” and substituting “Act”.\n\nBank Integration Act 1991\n\n79 Subsection 25(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nBankruptcy Act 1966\n\n80 Subsection 5(1) (paragraph (ba) of the definition of company officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n81 Subsection 5(1) (paragraph (bb) of the definition of company officer)\n\nOmit “that Law”, substitute “that Act”.\n\n82 Subsection 5(1) (paragraph (a) of the definition of private company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n83 Subparagraph 5G(c)(ia)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n84 Paragraph 5G(c)\n\nOmit “that Law” (wherever occurring), substitute “that Act”.\n\n85 Subsection 82(3AA)\n\nOmit “paragraph 1317EA(3)(b) of the Corporations Law of a State or Territory”, substitute “section 1317G of the Corporations Act 2001”.\n\n86 Paragraph 149D(1)(b)\n\nRepeal the paragraph, substitute:\n\n    (b) after the date of the bankruptcy, the bankrupt contravened section 206A of the Corporations Act 2001 (disqualification from managing corporations);\n\n87 Subsection 149ZD(1)\n\nRepeal the subsection, substitute:\n\n  (1) A bankrupt is disqualified from discharge if, after the date of the bankruptcy, the bankrupt contravened section 206A of the Corporations Act 2001 (disqualification from managing corporations).\n\nBroadcasting Services Act 1992\n\n88 Section 103B (definition of registered auditor)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n89 Section 121B (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n90 Subsection 143(3) (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n91 Section 146B (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n92 Subsection 212A(4) (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n93 Subclause 2(1) of Schedule 6 (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCFM Sale Act 1996\n\n94 Subsection 3(1) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n95 Subsections 3(2) and (3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCharter of the United Nations Act 1945\n\n96 Paragraph 9(e)\n\nRepeal the paragraph, substitute:\n\n    (e) any provision of the Corporations Act 2001 or the Australian Securities and Investments Commission Act 2001, or of regulations made under those Acts; or\n\nCheques Act 1986\n\n97 Paragraph 70A(2)(a)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nChild Support (Registration and Collection) Act 1988\n\n98 Subsection 4(1) (paragraph (ea) of the definition of trustee)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n99 Subsection 4(1) (paragraph (eb) of the definition of trustee)\n\nOmit “that Law”, substitute “that Act”.\n\nCoal Mining Industry (Long Service Leave Funding) Act 1992\n\n100 Paragraph 48B(1)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCoal Mining Industry (Long Service Leave) Payroll Levy Collection Act 1992\n\n101 Section 3 (definition of financial statements)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n102 Subsection 10(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCommonwealth Authorities and Companies Act 1997\n\nNote: The Reader’s Guide to the Commonwealth Authorities and Companies Act 1997 is altered by omitting “Corporations Law” (wherever occurring) and substituting “Corporations Act 2001”.\n\n103 Section 5 (definition of Corporations Law)\n\nRepeal the definition.\n\n104 Section 5 (definition of Corporations Law company)\n\nRepeal the definition.\n\n105 Section 5\n\nInsert:\n\n> Corporations Act company means a body corporate that is incorporated, or taken to be incorporated, under the Corporations Act 2001.\n\n106 Section 5 (paragraph (c) of the definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n107 Section 5 (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n108 Paragraph 7(2)(a)\n\nOmit “Law”, substitute “Act”.\n\n109 Subsection 12(2)\n\nOmit “Corporations Law company”, substitute “Corporations Act company”.\n\n110 Subsection 12(2)\n\nOmit “Corporations Law” (second and third occurring), substitute “Corporations Act 2001”.\n\n111 Subsection 23(1) (note 2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n112 Subsection 26(1) (note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n113 Subsection 31(3)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n114 Subsection 34(1)\n\nOmit “Corporations Law company”, substitute “Corporations Act company”.\n\n115 Paragraph 35(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n116 Subsections 36(1), (2) and (3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n117 Subsection 37(2)\n\nOmit “Corporations Law company”, substitute “Corporations Act company”.\n\n118 Subsection 37(2)\n\nOmit “Corporations Law” (second and third occurring), substitute “Corporations Act 2001”.\n\n119 Paragraph 44(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n120 Subsection 45(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCommonwealth Banks Act 1959\n\n121 Subsection 9(4)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n122 Section 27G\n\nRepeal the section, substitute:\n\n#### 27G Name of the Commonwealth Bank\n\n  Notwithstanding subsection 148(2) of the Corporations Act 2001, the Commonwealth Bank need not have the word “Limited” at the end of its name.\n\n123 Section 27J\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nCommonwealth Borrowing Levy Act 1987\n\n124 Subsection 3(1) (paragraph (c) of the definition of body)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nCommonwealth Electoral Act 1918\n\n125 Paragraph 287(6)(b)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n126 Paragraph 306A(8)(d) (definition of financial institution, note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCommonwealth Funds Management Limited Act 1990\n\n127 Subsection 3(2)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n128 Subsection 7(3)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n129 Subsection 8(1) (definition of minimum share capital)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n130 Section 18\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nCommonwealth Serum Laboratories Act 1961\n\n131 Section 5\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n132 Subsection 8(5)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n133 Sections 16, 17 and 18\n\nRepeal the sections, substitute:\n\n#### 16 Past members\n\n  For the purposes of Division 2 of Part 5.6 of the Corporations Act 2001, a person is not a past member of CSL merely because he or she was a member of the CSL Commission, or acted as a member of the Commission, before the commencement of this Part.\n\n134 Section 19\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n135 Subsection 19B(1) (definition of administering body)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n136 Subsection 19B(1) (definition of associate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n137 Subsection 19B(1) (paragraphs (a) and (b) of the definition of associate)\n\nOmit “that Law”, substitute “that Act”.\n\n138 Subsection 19B(1) (definition of Corporations Law)\n\nRepeal the definition.\n\n139 Subsection 19B(1) (definition of register of members)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n140 Subsection 19B(1) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n141 Subsection 19B(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n142 Subsection 19B(3)\n\nOmit “that Law”, substitute “that Act”.\n\n143 Subsection 19D(3) (definition of resolution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n144 Subsection 19D(3) (definition of special resolution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n145 Section 19Z\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 19Z is altered by omitting “Law” and substituting “Act”.\n\nCommonwealth Superannuation Board Act 2001\n\n146 Subsection 10(8)\n\nOmit “Corporations Law from managing a corporation (within the meaning of that Law)”, substitute “Corporations Act 2001 from managing a corporation (within the meaning of that Act)”.\n\nCrimes Act 1914\n\n147 Paragraph 4AB(3)(b)\n\nRepeal the paragraph.\n\nCriminal Code Act 1995\n\n148 The Dictionary in the Criminal Code (subparagraph (a)(iii) of the definition of Commonwealth Authority)\n\nRepeal the subparagraph, substitute:\n\n    (iii) the Corporations Act 2001; or\n\n149 The Dictionary in the Criminal Code (subparagraph (n)(iii) of the definition of Commonwealth public official)\n\nRepeal the subparagraph, substitute:\n\n    (iii) the Corporations Act 2001; or\n\n150 The Dictionary in the Criminal Code (subparagraph (r)(iii) of the definition of Commonwealth public official)\n\nRepeal the subparagraph, substitute:\n\n    (iii) the Corporations Act 2001; or\n\nCrown Debts (Priority) Act 1981\n\n151 Section 4\n\nOmit “Companies Act 1981 or in the Corporations Act 1989”, substitute “Corporations Act 2001”.\n\nCustoms Act 1901\n\n152 Paragraph 67EB(4)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n153 Paragraph 67EB(4)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n154 Paragraph 77K(3)(d)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n155 Paragraph 77K(3)(e)\n\nOmit “that Law”, substitute “that Act”.\n\n156 Subparagraph 77N(2)(c)(iii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n157 Subparagraph 77N(2)(c)(iv)\n\nOmit “that Law”, substitute “that Act”.\n\n158 Paragraph 81(3)(ca)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n159 Paragraph 81(3)(cb)\n\nOmit “that Law”, substitute “that Act”.\n\n160 Subparagraph 82(1)(ba)(iii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n161 Subparagraph 82(1)(ba)(iv)\n\nOmit “that Law”, substitute “that Act”.\n\n162 Paragraph 183CC(4A)(ca)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n163 Paragraph 183CC(4A)(cb)\n\nOmit “that Law”, substitute “that Act”.\n\n164 Subparagraph 183CG(1)(c)(ii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n165 Subparagraph 183CG(1)(c)(iii)\n\nOmit “that Law”, substitute “that Act”.\n\nDairy Produce Act 1986\n\n166 Paragraph 94A(5)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nDefence Housing Authority Act 1987\n\n167 Subsection 3(2)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nEducation Services for Overseas Students Act 2000\n\n168 Subsection 6(2)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n169 Paragraph 9(6)(f)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n170 Paragraph 80(2)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n171 Paragraph 80(2)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nEnvironment Protection and Biodiversity Conservation Act 1999\n\n172 Section 526\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nEqual Opportunity for Women in the Workplace Act 1999\n\n173 Paragraph 3(2)(b)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nEvidence Act 1995\n\n174 Subsection 8(3)\n\nOmit “Corporations Law and the ASIC Law”, substitute “Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001”.\n\n175 Part 1 of the Dictionary (definition of Commonwealth owned body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nExcise Act 1901\n\n176 Paragraph 39C(e)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n177 Subparagraph 39D(1)(f)(iv)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n178 Subparagraph 39D(1)(f)(v)\n\nOmit “that Law”, substitute “that Act”.\n\nExport Market Development Grants Act 1997\n\n179 Paragraphs 6(1)(b) and 15(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n180 Subsection 16(2) (paragraph (a) of the definition of relevant offence)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n181 Paragraph 78(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n182 Section 107 (definition of company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n183 Section 107 (definition of related company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFederal Airports Corporation Act 1986\n\n184 Subsection 3(3)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nFederal Proceedings (Costs) Act 1981\n\n185 Subsection 14(2)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nFilm Licensed Investment Company Act 1998\n\n186 Paragraph 15(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Corporations (Transfer of Assets and Liabilities) Act 1993\n\n187 Section 3 (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n188 Paragraph 6(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n189 Paragraph 7(5)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Corporations Act 1974\n\n190 Subsection 7(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Sector (Collection of Data) Act 2001\n\n191 Subsection 34(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Sector (Transfers of Business) Act 1999\n\n192 Subsection 4(1) (paragraph (a) of the definition of established)\n\nRepeal the paragraph, substitute:\n\n    (a) it is registered under the Corporations Act 2001 and is taken, under section 119A or subsection 1378(4) of that Act, to be registered in that State or Territory; or\n\n193 Subsection 4(1) (paragraph (b) of the definition of established)\n\nOmit “otherwise”.\n\n194 Subsection 39(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Transaction Reports Act 1988\n\n195 Section 3 (definition of FTR information)\n\nRepeal the definition, substitute:\n\n> FTR information means information obtained by the Director under Part II and includes information included in a notice under subsection 18(8A) or 22(1) or in a copy of a record given under subsection 24(5).\n\n196 Subsection 3(1) (definition of futures broker)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n197 Subsection 3(1) (definition of securities dealer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n198 Paragraph 27(9)(b)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\nFisheries Management Act 1991\n\n199 Subsection 31F(9)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n200 Subsection 46(6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nForeign Evidence Act 1994\n\n201 Subsection 3(1) (definition of ASC)\n\nRepeal the definition.\n\n202 Subsection 3(1)\n\nInsert:\n\n> ASIC means the Australian Securities and Investments Commission.\n\n203 Paragraph 28(b)\n\nRepeal the paragraph, substitute:\n\n    (b) is a proceeding under the Corporations Act 2001 or the Australian Securities and Investments Commission Act 2001 in which ASIC is a party.\n\n204 Section 29\n\nOmit “the ASC”, substitute “ASIC”.\n\n205 Subsection 35(1)\n\nOmit “the ASC” (wherever occurring), substitute “ASIC”.\n\nForeign Proceedings (Excess of Jurisdiction) Act 1984\n\n206 Subsection 3(4)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nFringe Benefits Tax Assessment Act 1986\n\n207 Subsection 136(1) (paragraph (hb) of the definition of fringe benefit)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n208 Subsection 136(1) (paragraph (ea) of the definition of trustee)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n209 Subsection 136(1) (paragraph (eb) of the definition of trustee)\n\nOmit “that Law”, substitute “that Act”.\n\nHealth Insurance Commission (Reform and Separation of Functions) Act 1997\n\n210 Section 4 (definition of voting shares)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n211 Subsection 5(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n212 Subsection 17(8)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n213 Subsection 34(6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n214 Section 45\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 45 is altered by omitting “Law” and substituting “Act”.\n\n215 Subsection 47(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nHearing Services and AGHS Reform Act 1997\n\n216 Paragraph 5(2)(a)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nHousing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996\n\n217 Section 3 (definition of Company)\n\nOmit “Corporations Law of the Australian Capital Territory”, substitute “Corporations Act 2001”.\n\n218 Subsection 35(1)\n\nOmit “Corporations Law of the Australian Capital Territory”, substitute “Corporations Act 2001”.\n\n219 Subsection 35(1)\n\nOmit “that Law”, substitute “that Act”.\n\nIncome Tax Assessment Act 1936\n\n220 Subsection 26AAC(18B)\n\nOmit “of subsection 7(5) of the Companies Act 1981”, substitute “of the Corporations Act 2001”.\n\n221 Paragraph 128AE(2)(e)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n222 Subsection 128TK(2)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n223 Paragraph 128TK(4)(a)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n224 Subsection 159GZZZC(3)\n\nOmit “Companies Act 1981 or a corresponding law in force in a State or Territory”, substitute “Corporations Act 2001”.\n\n225 Subsection 160APHBH(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n226 Subparagraph 160APHBJ(2)(c)(i)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n227 Subsection 160APHBJ(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n228 Section 160AQTC\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n229 Section 202A (definition of public company)\n\nOmit “Companies Act 1981 or a law in force in a State or Territory that corresponds to that Act”, substitute “Corporations Act 2001”.\n\n230 Subparagraph 202EC(5)(a)(v)\n\nRepeal the subparagraph, substitute:\n\n    (v) in the case of a foreign company within the meaning of the Corporations Act 2001—a local agent of the company within the meaning of that Act;\n\n231 Subsection 222AFB(1) (paragraph (a) of the definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n232 Subsection 222AFB(1) (definition of statutory demand)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n233 Subsection 222AFB(1) (definition of statutory minimum)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n234 Paragraph 222AIB(1)(a)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n235 Paragraph 222AIB(1)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n236 Subsection 222AIF(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n237 Section 222AII\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 222AII is altered by omitting “Law” and substituting “Act”.\n\n238 Subsection 222ANA(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n239 Subsection 222AOA(1)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n240 Paragraph 222AOB(1)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n241 Paragraph 222AOB(1)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n242 Paragraph 222AOB(2)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n243 Paragraph 222AOB(2)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n244 Paragraph 222AOBA(1)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n245 Paragraph 222AOBA(1)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n246 Paragraph 222AOBA(2)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n247 Paragraph 222AOBA(2)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n248 Subparagraph 222AOE(b)(iii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n249 Subsection 222AOF(2) (paragraphs (a) and (b) of the definition of ASC document)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n250 Section 222APA\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n251 Paragraph 222APB(1)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n252 Paragraph 222APB(1)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n253 Paragraph 222APB(2)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n254 Paragraph 222APB(2)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n255 Subparagraphs 222APE(1)(b)(iii) and (d)(iii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n256 Subsection 222AQA(1)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n257 Section 222ARA\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 222ARA is altered by omitting “Law” and substituting “Act”.\n\n258 Subparagraph 500(5)(b)(i)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n259 Sub‑subparagraph 500(5)(b)(ii)(C)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n260 Subparagraph 507(5)(b)(i)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n261 Sub‑subparagraph 507(5)(b)(ii)(C)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n262 Section 568\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n263 Section 272‑140 of Schedule 2F (paragraph (d) of the definition of special company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nIncome Tax Assessment Act 1997\n\n264 Section 4‑5 (note 2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n265 Paragraph 86‑65(2)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n266 Paragraph 118‑510(3)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n267 Subsection 124‑520(2)\n\nOmit “Corporations Law of a State or Territory or a similar \\*State law, \\*Territory law or”, substitute “Corporations Act 2001 or a similar”.\n\n268 Subsection 124‑780(1) (example 2)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n269 Subsection 124‑780(2) (note 2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n270 Paragraphs 166‑245(1)(a) and (b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n271 Paragraphs 166‑245(2)(a) and (b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n272 Subsection 375‑872(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to subsection 375‑872(3) is altered by omitting “Law” and substituting “Act”.\n\n273 Paragraph 975‑100(3)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n274 Subsection 995‑1(1) (definition of relevant interest)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n275 Subsection 995‑1(1) (paragraph (a) of the definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nIndustry Research and Development Act 1986\n\n276 Section 39B\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nInsurance Act 1973\n\n277 Subsection 3(1) (definition of financial year)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n278 Subsection 3(1) (paragraph (b) of the definition of securities exchange)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n279 Section 4\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n280 Section 4\n\nOmit “that Law”, substitute “that Act”.\n\n281 Subsection 33(7) (definition of securities)\n\nOmit “prescribed interests as defined in section 9 of the Corporations Law”, substitute “an interest in a managed investment scheme as defined in section 9 of the Corporations Act 2001”.\n\n282 Subsection 49G(8)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n283 Subsection 49G(9) (definition of securities)\n\nOmit “any prescribed interests as defined in section 9 of the Corporations Law”, substitute “an interest in a managed investment scheme as defined in section 9 of the Corporations Act 2001”.\n\n284 Subsection 50(1) (definition of prescribed interest)\n\nOmit “a prescribed interest as defined by section 9 of the Corporations Law”, substitute “an interest in a managed investment scheme as defined in section 9 of the Corporations Act 2001”.\n\n285 Subsection 50(1) (paragraph (f) of the definition of prescribed person)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n286 Subsection 50(1) (paragraph (g) of the definition of prescribed person)\n\nOmit “that Law”, substitute “that Act”.\n\n287 Section 66 (paragraph (b) of the definition of qualified corporation)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n288 Subsection 75(10) (definition of officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n289 Subsection 92(5) (definition of official liquidator)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n290 Subsection 128(3)\n\nRepeal the subsection, substitute:\n\n  (3) In this section:\n\n> officer has the meaning given by section 9 of the Corporations Act 2001.\n\nInsurance (Agents and Brokers) Act 1984\n\n291 Section 9 (paragraph (c) of the definition of insolvent company under administration)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n292 Section 9 (paragraph (d) of the definition of insolvent company under administration)\n\nOmit “that Law”, substitute “that Act”.\n\n293 Subsection 38(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n294 Subsection 38(3)\n\nOmit “that Law”, substitute “that Act”.\n\n295 Paragraph 47(1)(a)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\nInteractive Gambling Act 2001\n\n296 Section 4 (definition of Chapter 8 Agreement)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n297 Section 4 (definition of futures contract)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n298 Section 4 (definition of option contract)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n299 Section 4 (definition of relevant agreement)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n300 Paragraph 5(3)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n301 Paragraph 6(3)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n302 Section 9\n\nRepeal the section, substitute:\n\n#### 9 Contracts exempt under the Corporations Act\n\n  A reference in this Act to contracts that, under the Corporations Act 2001, are exempt from a law relating to gaming or wagering is a reference to any of the following:\n    (a) option contracts covered by subsection 778(1) of that Act;\n    (b) relevant agreements covered by subsection 778(2) of that Act;\n    (c) futures contracts covered by subsection 1141(1) of that Act;\n    (d) Chapter 8 agreements covered by subsection 1141(2) of that Act.\n\nInternational Air Services Commission Act 1992\n\n303 Subsection 4(1) (definition of wholly‑owned subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nJudiciary Act 1903\n\n304 Section 55I (definition of company)\n\nOmit “Corporations Law of a State”, substitute “Corporations Act 2001”.\n\nLife Insurance Act 1995\n\n305 Subparagraph 12B(1)(d)(ii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n306 Paragraph 12B(5)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n307 Section 16\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n308 Paragraph 16C(1)(a)\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n309 Subsection 16C(2)\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n310 Subsection 16L(1)\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n311 Subsection 43(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n312 Paragraph 85(2)(a)\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n313 Paragraph 86(1)(a)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n314 Subsection 89(3)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n315 Section 129\n\nOmit “Corporations Law of a State or internal Territory if, in section 46 of that Law”, substitute “Corporations Act 2001 if, in section 46 of that Act”.\n\n316 Subsection 174(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n317 Subsection 174(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n318 Paragraph 174(2)(b)\n\nOmit “that Law”, substitute “that Act”.\n\n319 Subsection 174(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n320 Subsection 180(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n321 Subsection 180(3) (note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n322 Section 182\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 182 is altered by omitting “Law” and substituting “Act”.\n\n323 Subsection 187(1)\n\nOmit “applicable Corporations Law”, substitute “Corporations Act 2001”.\n\n324 Subsection 187(1)\n\nOmit “that Law”, substitute “that Act”.\n\n325 Subsection 230F(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n326 Section 233A (note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n327 Section 238\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n328 Paragraph 239(1)(a)\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n329 Subparagraph 239(1)(b)(ii)\n\nOmit “that Law”, substitute “that Act”.\n\n330 Schedule (paragraph (a) of the definition of company)\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n331 Schedule (paragraph (b) of the definition of company)\n\nOmit “other”.\n\n332 Schedule (paragraph (b) of the definition of member of staff)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n333 Schedule (definition of official liquidator)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n334 Schedule (definition of securities exchange)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\nManagement and Investment Companies Act 1983\n\n335 Subsection 33(8)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n336 Paragraph 42(1)(a)\n\nRepeal the paragraph, substitute:\n\n    (a) the Corporations Act 2001; or\n\n337 Subsection 42(2)\n\nOmit “a law referred to in paragraph (1)(a)”, substitute “the Corporations Act 2001”.\n\n338 Subsection 42(2)\n\nOmit “subsection 5(1) of the Companies Act 1981”, substitute “the Corporations Act 2001”.\n\nNational Environment Protection Measures (Implementation) Act 1998\n\n339 Section 5 (subparagraph (c)(ii) of the definition of Commonwealth authority)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNational Health Act 1953\n\n340 Paragraph 7(1)(a)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nNote: The heading to section 7 is altered by omitting “Law” and substituting “Act”.\n\n341 Paragraph 7(1)(b)\n\nOmit “applied Corporations Law provision”, substitute “applied Corporations Act provision”.\n\n342 Paragraph 7(1)(b)\n\nOmit “the Corporations Law”, substitute “the Corporations Act 2001”.\n\n343 Subsection 7(2)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n344 Subsection 7(2) (note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n345 Subsection 7(3)\n\nOmit “an applied Corporations Law provision”, substitute “an applied Corporations Act provision”.\n\n346 Paragraph 7(3)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n347 Paragraph 7(3)(b)\n\nOmit “applied Corporations Law provision”, substitute “applied Corporations Act provision”.\n\n348 Subsection 7(4)\n\nOmit “Law”, substitute “Act”.\n\n349 Subsection 7(5)\n\nOmit “applied Corporations Law provision”, substitute “applied Corporations Act provision”.\n\n350 Subsection 7(5)\n\nOmit “the Corporations Law”, substitute “the Corporations Act 2001”.\n\n351 Subsection 7(6)\n\nOmit “Law” (wherever occurring), substitute “Act”.\n\n352 Paragraph 73AAB(a)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n353 Subsection 74A(10) (paragraph (a) of the definition of officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n354 Subsection 82XB(1)\n\nOmit “the law of each State or Territory”, substitute “the Commonwealth, State or Territory law”.\n\n355 Paragraph 82XB(2)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n356 Paragraph 82XB(2)(b)\n\nOmit “as a law of the Commonwealth”.\n\n357 Subsection 82XB(3)\n\nRepeal the subsection.\n\n358 Subsections 82XB(4) and (5)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n359 Paragraph 82XE(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n360 Subsection 82XE(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n361 Subparagraphs 82XF(1)(b)(i) and (3)(b)(i)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n362 Subsection 82XQ(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n363 Subsection 82XQ(2)\n\nRepeal the subsection, substitute:\n\n  (2) For the purposes of section 442F of the Corporations Act 2001 as so applying, sections 128 and 129 of that Act are also taken to apply, subject to such modifications as are prescribed.\n\n364 Subsections 82XW(1) and (2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n365 Subsection 82XX(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n366 Subsection 82XZF(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n367 Subsection 82XZF(2)\n\nOmit “that Law”, substitute “that Act”.\n\n368 Paragraph 82XZF(3)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n369 Paragraph 82XZF(3)(b)\n\nOmit “that Law”, substitute “that Act”.\n\n370 Subsections 82XZG(1) and (2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n371 Subsection 82XZG(2) (note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n372 Paragraph 82XZH(1)(b)\n\nOmit “Corporations Law applying as a law of the Commonwealth”, substitute “Corporations Act 2001”.\n\n373 Paragraph 82XZH(1)(c)\n\nOmit “Corporations Law as so applying”, substitute “Corporations Act 2001”.\n\n374 Section 82XZI\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n375 Paragraph 82XZL(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n376 Subsections 82XZN(1), (2) and (3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n377 Subsection 82YB(3)\n\nOmit “Corporations Law of a particular State or internal Territory”, substitute “Corporations Act 2001”.\n\n378 Subsection 82YB(3)\n\nOmit “Corporations Law of that State or internal Territory”, substitute “that Act”.\n\n379 Subsection 82YB(5)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n380 Paragraph 82YB(6)(b)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n381 Subsection 82YF(3)\n\nOmit “Corporations Law, or that Division as applied by another law of a State or internal Territory,”, substitute “Corporations Act 2001”.\n\n382 Section 82YK\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n383 Paragraph 82YL(9)(a)\n\nRepeal the paragraph, substitute:\n\n    (a) if the registered organisation is a company incorporated, or taken to be incorporated, under the Corporations Act 2001—that Act; or\n\n384 Subsection 82YN(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n385 Subparagraph 82YO(1)(b)(i)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n386 Subparagraph 82YT(1)(b)(i)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n387 Subsection 82YZA(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n388 Subsection 82YZB(1)\n\nRepeal the subsection, substitute:\n\n  (1) Subject to this section, in the winding up of a fund, section 556 of the Corporations Act 2001 applies, but subject to such modifications as the regulations provide, and the assets of the fund must first be applied in meeting the debts and claims identified in subsection 556(1) of that Act that constitute liabilities of the fund, in the order provided for in that subsection.\n\n389 Paragraph 82YZB(2)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNational Rail Corporation Agreement Act 1992\n\n390 Paragraph 8(d)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n391 Subsection 13(2)\n\nOmit “Corporations Law of the Australian Capital Territory”, substitute “Corporations Act 2001”.\n\n392 Subsection 13(2)\n\nOmit “that Law”, substitute “that Act”.\n\n393 Paragraph 13(6)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n394 Subsection 13(7)\n\nOmit “Corporations Law of the Australian Capital Territory”, substitute “Corporations Act 2001”.\n\n395 Subsection 16(1)\n\nOmit “Corporations Law of the Australian Capital Territory”, substitute “Corporations Act 2001”.\n\n396 Subsection 16(1)\n\nOmit “that Law”, substitute “that Act”.\n\nNational Residue Survey (Excise) Levy Act 1998\n\n397 Subclause 1(3) of Schedule 1\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n398 Subclause 1(2) of Schedule 15\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNorfolk Island Act 1979\n\n399 Paragraph 51A(1)(a)\n\nRepeal the paragraph, substitute:\n\n    (a) under Part 9.2 of the Corporations Act 2001; or\n\nOffshore Minerals (Registration Fees) Act 1981\n\n400 Paragraph 4(5)(a)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nPatents Act 1990\n\n401 Subsection 201(11)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPayment Systems and Netting Act 1998\n\n402 Section 5 (definition of approved futures clearing house)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n403 Section 5 (definition of approved special stock market)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n404 Section 5 (paragraphs (a) and (b) of the definition of external administration)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n405 Section 5 (subparagraph (a)(i) of the definition of netting market)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n406 Section 5 (paragraph (a) of the definition of provable)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n407 Section 5 (paragraph (d) of the definition of specified provisions)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n408 Section 5 (paragraph (a) of the definition of voidable)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nPay‑roll Tax (Territories) Assessment Act 1971\n\n409 Section 21A (definition of corporation)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n410 Section 21B\n\nRepeal the section, substitute:\n\n#### 21B Grouping of corporations\n\n  For the purposes of this Act, 2 corporations constitute a group if they are related bodies corporate for the purposes of the Corporations Act 2001.\n\n411 Subsection 21D(3)\n\nOmit “, by virtue of subsection 7(5) of the Companies Act 1981, related to the first‑mentioned corporation for the purposes of that Act,”, substitute “a related body corporate of the first‑mentioned corporation for the purposes of the Corporations Act 2001”.\n\n412 Subsection 21F(2)\n\nOmit “, by virtue of subsection 7(5) of the Companies Act 1981, related to the second‑mentioned corporation for the purposes of that Act”, substitute “a related body corporate of the second‑mentioned corporation for the purposes of the Corporations Act 2001”.\n\nPetroleum Resource Rent Tax Assessment Act 1987\n\n413 Section 2 (paragraph (ea) of the definition of trustee)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n414 Section 2 (paragraph (eb) of the definition of trustee)\n\nOmit “that Law”, substitute “that Act”.\n\n415 Paragraphs 2B(6)(b) and (7)(d)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPetroleum (Submerged Lands) Act 1967\n\n416 Subsection 81(8)\n\nOmit “the National Companies and Securities Commission relating to the creation of that charge pursuant to section 201 of the Companies Act 1981 or pursuant to the corresponding provision of a law of a State or Territory”, substitute “the Australian Securities and Investments Commission relating to the creation of that charge under section 263 of the Corporations Act 2001”.\n\n417 Subsection 81(15)\n\nOmit “201 of the Companies Act 1981”, substitute “263 of the Corporations Act 2001”.\n\nPetroleum (Submerged Lands) (Registration Fees) Act 1967\n\n418 Subparagraph 4(4)(a)(i)\n\nOmit “related corporations within the meaning of the Companies Act 1981”, substitute “related bodies corporate within the meaning of the Corporations Act 2001”.\n\n419 Subparagraph 4(6A)(a)(i)\n\nOmit “related corporations within the meaning of the Companies Act 1981”, substitute “related bodies corporate within the meaning of the Corporations Act 2001”.\n\nPig Industry Act 1986\n\n420 Section 3 (definition of Australian Food Council)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPig Industry Act 2001\n\n421 Subsection 9(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n422 Subsection 12(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPipeline Authority Act 1973\n\n423 Paragraph 33E(2)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n424 Subsection 33V(2) (definition of tax)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nPooled Development Funds Act 1992\n\n425 Subsection 4(1) (definition of company)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n426 Subsection 4(1) (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n427 Paragraph 4(3)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n428 Subsection 24(4)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n429 Paragraph 24(8)(a)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n430 Subsection 30(2)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n431 Subsection 31(3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nPrimary Industries (Customs) Charges Act 1999\n\n432 Subclause 1(4) of Schedule 4\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPrimary Industries (Excise) Levies Act 1999\n\n433 Clause 4 of Schedule 3\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n434 Clause 1 of Schedule 6 (definition of Federation)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n435 Clause 5 of Schedule 6\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n436 Clause 2 of Schedule 18\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPrivacy Act 1988\n\n437 Subsection 6(8)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n438 Subsection 6(8)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nProtection of the Sea (Oil Pollution Compensation Fund) Act 1993\n\n439 Section 3 (definition of Corporations Law)\n\nRepeal the definition.\n\n440 Section 8\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n441 Paragraph 14(4)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n442 Section 29\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n443 Paragraph 35(3)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nQantas Sale Act 1992\n\n444 Subsection 3(1) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n445 Subsection 3(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n446 Subsection 7(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n447 Subsection 7(2)\n\nOmit “that Law”, substitute “that Act”.\n\n448 Subsection 7(7) (definition of company name)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n449 Subsection 8(3) (definition of resolution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n450 Subsection 8(3) (definition of special resolution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n451 Subsection 9(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n452 Subsection 9(3)\n\nOmit “that Law”, substitute “that Act”.\n\n453 Subsection 9(4) (definition of register of members)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n454 Section 13\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 13 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n455 Section 21\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 21 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n456 Paragraph 37(1)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n457 Subsection 40(4) (definition of tax)\n\nOmit “Corporations Law of a State or Territory” (wherever occurring), substitute “Corporations Act 2001”.\n\nReserve Bank Act 1959\n\n458 Subsection 79A(1) (paragraph (b) of the definition of protected document)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nRetirement Savings Accounts Act 1997\n\n459 Section 16 (definition of Corporations Law)\n\nRepeal the definition.\n\n460 Section 16 (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n461 Section 16 (definition of member of the staff of ASIC)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n462 Subsection 18(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n463 Subsection 18(2)\n\nOmit “the Corporations Law” (wherever occurring), substitute “that Act”.\n\nSafety, Rehabilitation and Compensation Act 1988\n\n464 Subsection 108Y(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nService and Execution of Process Act 1992\n\n465 Subsection 3(1) (definition of company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n466 Subsection 3(1) (definition of registered body)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n467 Subsections 9(3), (4), (4A), (6), (8) and (9)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n468 Subsection 9(10)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n469 Subsection 9(11) (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n470 Subsection 9(11) (definition of local agent)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n471 Subsection 9(11) (definition of official manager)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n472 Subsection 9(11) (definition of registered foreign company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n473 Subsection 9(11) (definition of registered office)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSnowy Hydro Corporatisation Act 1997\n\n474 Subsection 5(1) (definition of Snowy Hydro Company or Company)\n\nRepeal the definition, substitute:\n\n> Snowy Hydro Company or Company means the company incorporated, or to be incorporated, by the name Snowy Hydro Limited.\n\n475 Subsection 5(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n476 Section 50\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 50 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n477 Subsection 55(1)\n\nOmit “Corporations Law of New South Wales”, substitute “Corporations Act 2001”.\n\n478 Subsection 55(1)\n\nOmit “that Law”, substitute “that Act”.\n\nSnowy Mountains Engineering Corporation Limited Sale Act 1993\n\n479 Subsection 3(1) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n480 Subsection 3(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n481 Subsection 38(4) (definition of tax)\n\nOmit “Corporations Law of a State or a Territory” (wherever occurring), substitute “Corporations Act 2001”.\n\nSocial Security Act 1991\n\n482 Subsection 10B(2) (definition of insolvent under administration)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n483 Subsection 14A(1) (paragraph (a) of the definition of liquid assets)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n484 Subsection 14A(1) (definition of liquid assets, note 1)\n\nRepeal the note.\n\n485 Subsection 17A(1) (definition of proprietary company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n486 Section 19B (paragraph (b) of the definition of liquid assets)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n487 Section 19B (note)\n\nRepeal the note.\n\n488 Section 1207A (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n489 Subsection 1207N(8) (definition of consolidated gross operating revenue)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n490 Subsection 1207N(8) (definition of value of consolidated gross assets)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nStates Grants (Petroleum Products) Act 1965\n\n491 Subsection 5(4E)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nStates Grants (Primary and Secondary Education Assistance) Act 1996\n\n492 Schedule 9 (paragraphs (a) and (b) of the definition of qualified accountant)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nStevedoring Levy (Collection) Act 1998\n\n493 Subsection 8(3) (definition of body corporate)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n494 Subsection 8(3) (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSuperannuation Act 1990\n\n495 Subsection 3 (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSuperannuation Benefits (Supervisory Mechanisms) Act 1990\n\n496 Paragraph 6(5)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSuperannuation Guarantee (Administration) Act 1992\n\n497 Section 52\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSuperannuation Industry (Supervision) Act 1993\n\n498 Subsection 10(1) (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n499 Section 10 (paragraph (b) of the definition of member of staff)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n500 Subsection 12(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n501 Subsection 12(2)\n\nOmit “the Corporations Law” (wherever occurring), substitute “that Act”.\n\n502 Section 20\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n503 Subsection 57(4)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n504 Subsection 66(5) (definition of listed security)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n505 Section 83A (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n506 Subsection 190(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSydney Airport Demand Management Act 1997\n\n507 Subsection 46(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n508 Subsection 61(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nTaxation Administration Act 1953\n\n509 Paragraph 8Y(4)(ba)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n510 Paragraph 8Y(4)(bb)\n\nOmit “that Law”, substitute “that Act”.\n\nTelecommunications Act 1997\n\n511 Subparagraph 23(1)(c)(ii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n512 Subsection 27(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nTelecommunications (Interception) Act 1979\n\n513 Subsection 5(1) (definition of secretary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n514 Subsection 18(7)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n515 Subsection 61(7)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nTelstra Corporation Act 1991\n\n516 Section 3 (definition of constitution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n517 Section 3 (definition of voting shares)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n518 Section 5\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n519 Paragraph 8AI(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 8AI is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n520 Subsection 8AJ(7) (paragraph (b) of the definition of securities)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n521 Subsection 8AK(1) (paragraph (b) of the definition of securities)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n522 Paragraph 8AQ(5)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n523 Paragraphs 8AR(1)(b) and (c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n524 Subsections 8AR(2) and (3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n525 Subsection 8AT(1)\n\nOmit “Chapter 7 of the Corporations Law”, substitute “Chapters 6D and 7 of the Corporations Act 2001”.\n\nNote: The heading to section 8AT is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n526 Subsection 8AT(2)\n\nRepeal the subsection, substitute:\n\n  (2) Subsection (1) has effect despite anything in the Corporations Act 2001.\n\n527 Subsection 8AT(4)\n\nRepeal the subsection, substitute:\n\n  (4) For the purposes of subsection (1), if Chapter 6D or 7 of the Corporations Act 2001 is repealed and replaced by another provision of that Act that deals with fundraising or securities regulation, the reference in that subsection to Chapter 6D or 7 of that Act is to be read as a reference to the replacement provision.\n\n528 Subsection 8AU(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n529 Subsection 8AU(5)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n530 Subsection 8AU(6) (definition of debenture)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n531 Paragraph 8AUA(4)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n532 Subsection 8AV(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n533 Subsection 8AV(6)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n534 Paragraph 8AW(5)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n535 Paragraph 8AY(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n536 Subsection 8AY(2) (definition of listing rules)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n537 Subsection 8AY(2) (definition of securities exchange)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n538 Subsection 8AY(3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n539 Subsection 8AZ(2) (definition of debenture)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n540 Subsection 8BS(1)\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n541 Section 8BY\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n542 Subsection 9(6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n543 Section 32\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 32 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n544 Subsection 36(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n545 Subsection 36(3A)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n546 Subsection 36(3A)\n\nOmit “that Law”, substitute “that Act”.\n\n547 Subsections 36(4) and (6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n548 Subsection 36(6)\n\nOmit “that Law”, substitute “that Act”.\n\nTobacco Advertising Prohibition Act 1992\n\n549 Section 11\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nTrade Practices Act 1974\n\n550 Section 4 (definition of financial product)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n551 Section 4 (definition of financial service)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n552 Subsection 26(1)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n553 Section 44B (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n554 Section 44B (definition of officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n555 Paragraph 51AF(2)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n556 Subsections 73(1) and (2)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n557 Paragraph 75AZA(2)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nTradex Scheme Act 1999\n\n558 Section 4 (definition of externally‑administered body corporate)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nVeterans’ Entitlements Act 1986\n\n559 Subsection 5P(1) (definition of proprietary company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n560 Section 52ZO (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n561 Subsection 52ZZA(8) (definition of consolidated gross operating revenue)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n562 Subsection 52ZZA(8) (definition of value of consolidated gross assets)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nWool International Act 1993\n\n563 Section 22K (note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n564 Section 22KA\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n565 Section 22KB\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n566 Section 22MA\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nWool International Privatisation Act 1999\n\n567 Subsection 16(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 15 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n568 Section 28\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nWool Services Privatisation Act 2000\n\n569 Section 19\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 18 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n570 Subsection 30(2)\n\nOmit “Corporations Law of the Australian Capital Territory”, substitute “Corporations Act 2001”.\n\nWorkplace Relations Act 1996\n\n571 Paragraph 170LB(2)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n572 Section 234 (definition of debenture)\n\nOmit “Division 7 of Part IV of the Companies Act 1981”, substitute “the Corporations Act 2001”.\n\n573 Section 234 (paragraph (a) of the definition of interest)\n\nOmit “a prescribed interest made available by the company within the meaning of the Companies Act 1981”, substitute “an interest in a managed investment scheme made available by the company within the meaning of the Corporations Act 2001”.\n\nWorkplace Relations (Registered Organisations) Act 2001\n\n574 Section 45 (definition of debenture)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n575 Section 45 (paragraph (a) of the definition of interest)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nYear 2001 Information Disclosure Act 1999\n\n576 Subsection 11(8)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n  \n\nSchedule 4—Amendments dependent on prior commencement of Administrative Review Tribunal legislation\n\nAustralian Securities and Investments Commission Act 2001\n\n1 Subsection 244(1) (definition of decision)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote 1: The heading to section 244 is altered by omitting “Administrative Appeals Tribunal” and substituting “Administrative Review Tribunal”.\n\nNote 2: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n2 Subsection 244(2)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n3 Paragraph 244A(2)(b)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n4 Subsection 244A(5)\n\nOmit “special circumstances for the purposes of subsection 29(6) of the Administrative Appeals Tribunal Act 1975”, substitute “reasonable circumstances for the purposes of paragraph 142(2)(a) of the Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n5 At the end of section 244A\n\nAdd:\n\n  (6) A decision to which this section applies is not a notifiable decision for the purpose of section 56 of the Administrative Review Tribunal Act 2001.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\nCorporations Act 2001\n\n6 Section 9 (definition of Tribunal)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n7 Subsection 164(3)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n8 Subsection 164(4)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n9 Subsection 164(7) (note)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n10 Subsection 656A(1)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n11 Subsection 657EA(1)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n12 Subsection 657C(2) (note)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n13 Subsection 1297(1)\n\nOmit “sections 41 and 44A of the Administrative Appeals Tribunal Act 1975”, substitute “sections 121 and 171 of the Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n14 Part 9.4A of Chapter 9 (heading)\n\nRepeal the heading, substitute:\n\n## Part 9.4A—Review by Administrative Review Tribunal of certain decisions\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n15 Section 1317A (definition of decision)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n16 Subsection 1317B(2)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n17 Subsection 1317D(5)\n\nOmit “special circumstances for the purposes of subsection 29(6) of the Administrative Appeals Tribunal Act 1975”, substitute “reasonable circumstances for the purposes of paragraph 142(2)(a) of the Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n18 At the end of section 1317D\n\nAdd:\n\n  (6) A decision to which this section applies is not a notifiable decision for the purpose of section 56 of the Administrative Review Tribunal Act 2001.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n  \n\nSchedule 5—Amendments dependent on later commencement of Administrative Review Tribunal legislation\n\nAdministrative Review Tribunal (Consequential and Transitional Provisions) Act 2001\n\n1 Section 5\n\nRepeal the section, substitute:\n\n#### 5 Schedule(s)\n\n  Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n2 Schedule 1 (heading relating to the Australian Securities and Investments Commission Act 1989)\n\nRepeal the heading, substitute:\n\nAustralian Securities and Investments Commission Act 2001\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n3 Schedule 1 (heading relating to the Corporations Act 1989)\n\nRepeal the heading.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n4 Item 152A\n\nRepeal the item.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n5 Schedule 1 (heading relating to the Corporations Law)\n\nRepeal the heading, substitute:\n\nCorporations Act 2001\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n6 Schedule 2 (heading relating to the Australian Securities and Investments Commission Act 1989)\n\nRepeal the heading, substitute:\n\nAustralian Securities and Investments Commission Act 2001\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n7 Schedule 2 (heading relating to the Corporations Act 1989)\n\nRepeal the heading.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n8 Item 88A\n\nRepeal the item.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n9 Schedule 2 (heading relating to the Corporations Law)\n\nRepeal the heading, substitute:\n\nCorporations Act 2001\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n10 Schedule 3 (heading relating to the Australian Securities and Investments Commission Act 1989)\n\nRepeal the heading, substitute:\n\nAustralian Securities and Investments Commission Act 2001\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n11 Schedule 3 (heading relating to the Corporations Law)\n\nRepeal the heading, substitute:\n\nCorporations Act 2001\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(13).\n\n  \n\nSchedule 6—Criminal Code related amendments\n\nCorporations Act 2001\n\n1 Paragraph 300A(1)(a)\n\nRepeal the paragraph, substitute:\n\n    (a) discussion of board policy for determining the nature and amount of emoluments of board members and senior executives of the company; and\n\n2 Subsection 601ED(2)\n\nRepeal the subsection, substitute:\n\n  (2) A managed investment scheme does not have to be registered if all the issues of interests in the scheme that have been made would not have needed disclosure to investors under Part 6D.2 (see sections 706 and 708) if the scheme had been registered when the issues were made.\n\n3 Subsection 601FC(1) (note)\n\nRepeal the note.\n\n5 At the end of section 601FC\n\nAdd:\n\n  (5) A responsible entity who contravenes subsection (1), and any person who is involved in a responsible entity’s contravention of that subsection, contravenes this subsection.\n\n> Note 1: Section 79 defines involved.\n\n> Note 2: Subsection (5) is a civil penalty provision (see section 1317E).\n\n  (6) A person must not intentionally or recklessly be involved in a responsible entity’s contravention of subsection (1).\n  (7) For the purposes of subsection (6), a person is taken to be reckless if:\n    (a) the person is aware of a substantial risk that anything done or not done by the person will constitute a contravention of subsection (6); and\n    (b) having regard to the circumstances known to the person, it is unjustifiable to take the risk.\n  (8) The question whether taking a risk is unjustifiable is one of fact.\n\n6 Subsection 601FD(1) (note)\n\nRepeal the note.\n\n8 At the end of section 601FD\n\nAdd:\n\n  (3) A person who contravenes, or is involved in a contravention of, subsection (1) contravenes this subsection.\n\n> Note 1: Section 79 defines involved.\n\n> Note 2: Subsection (3) is a civil penalty provision (see section 1317E).\n\n  (4) A person must not intentionally or recklessly contravene, or be involved in a contravention of, subsection (1).\n  (5) For the purposes of subsection (4), a person is taken to be reckless if:\n    (a) the person is aware of a substantial risk that anything done or not done by the person will constitute a contravention of subsection (4); and\n    (b) having regard to the circumstances known to the person, it is unjustifiable to take the risk.\n  (6) The question whether taking a risk is unjustifiable is one of fact.\n\n9 Subsection 601FE(1) (note)\n\nRepeal the note.\n\n11 At the end of section 601FE\n\nAdd:\n\n  (3) A person who contravenes, or is involved in a contravention of, subsection (1) contravenes this subsection.\n\n> Note 1: Section 79 defines involved.\n\n> Note 2: Subsection (3) is a civil penalty provision (see section 1317E).\n\n  (4) A person must not intentionally contravene, or be involved in a contravention of, subsection (1).\n\n12 Section 601FG (note 1)\n\nOmit “Note 1:”, substitute “Note:”.\n\n13 Section 601FG (note 2)\n\nRepeal the note.\n\n14 At the end of section 601FG\n\nAdd:\n\n  (2) A responsible entity who contravenes subsection (1), and any person who is involved in a responsible entity’s contravention of that subsection, contravenes this subsection.\n\n> Note 1: Section 79 defines involved.\n\n> Note 2: Subsection (2) is a civil penalty provision (see section 1317E).\n\n  (3) A person must not intentionally be involved in a responsible entity’s contravention of subsection (1).\n\n15 Subsection 601JD(1) (note)\n\nRepeal the note.\n\n16 At the end of section 601JD\n\nAdd:\n\n  (3) A person who contravenes, or is involved in a contravention of, subsection (1) contravenes this subsection.\n\n> Note 1: Section 79 defines involved.\n\n> Note 2: Subsection (3) is a civil penalty provision (see section 1317E).\n\n  (4) A person must not intentionally or recklessly contravene, or be involved in a contravention of, subsection (1).\n  (5) For the purposes of subsection (4), a person is taken to be reckless if:\n    (a) the person is aware of a substantial risk that anything done or not done by the person will constitute a contravention of subsection (4); and\n    (b) having regard to the circumstances known to the person, it is unjustifiable to take the risk.\n  (6) The question whether taking a risk is unjustifiable is one of fact.\n\n17 Paragraphs 1317E(1)(f) to (j) (inclusive)\n\nRepeal the paragraphs, substitute:\n\n    (f) subsection 601FC(5) (duties of responsible entity)\n    (g) subsection 601FD(3) (duties of officers of responsible entity)\n    (h) subsection 601FE(3) (duties of employees of responsible entity)\n    (i) subsection 601FG(2) (acquisition of interest in scheme by responsible entity)\n    (j) subsection 601JD(3) (duties of members)\n\n18 Schedule 3 (table item 30)\n\nRepeal the item, substitute:\n\n| 30  | Section 184 | 2,000 penalty units or imprisonment for 5 years, or both. |\n| --- | ----------- | --------------------------------------------------------- |\n\n19 Schedule 3 (after table item 163)\n\nInsert:\n\n| 163A | Subsection 601FC(6) | 2,000 penalty units or imprisonment for 5 years, or both. |\n| ---- | ------------------- | --------------------------------------------------------- |\n| 163B | Subsection 601FD(4) | 2,000 penalty units or imprisonment for 5 years, or both  |\n| 163C | Subsection 601FE(4) | 2,000 penalty units or imprisonment for 5 years, or both  |\n\n20 Schedule 3 (after table item 164)\n\nInsert:\n\n| 164A | Subsection 601FG(3) | 2,000 penalty units or imprisonment for 5 years, or both |\n| ---- | ------------------- | -------------------------------------------------------- |\n| 164B | Subsection 601JD(4) | 2,000 penalty units or imprisonment for 5 years, or both |\n\n21 Schedule 3 (table item 338)\n\nRepeal the item.\n\n\\[Minister’s second reading speech made in—\n\nHouse of Representatives on 24 May 2001\n\nSenate on 18 June 2001\\]\n\n(91/01)","sortOrder":24},{"sectionNumber":"766J","sectionType":"section","heading":"The Exchange’s functions and powers","content":"#### 766J The Exchange’s functions and powers\n\n  (1) In addition to the legal capacity and powers it has because of section 124, the Exchange has such functions and powers as are conferred, or expressed to be conferred, on it by this Act.\n  (2) Section 125 does not apply in relation to a function or power conferred, or expressed to be conferred, as mentioned in subsection (1) of this section.\n  (3) The Exchange is to perform the functions, and may exercise the powers, that are conferred on it by or under this Act.\n\n14 Subsection 1372(4)\n\nRepeal the subsection, substitute:\n\n  (4) In this section:\n\n> State validation Act means an Act of a State in this jurisdiction under which certain administrative actions (within the meaning of that Act) taken, or purportedly taken, at or before the commencement by Commonwealth authorities or officers of the Commonwealth (within the meaning of that Act) pursuant to functions or powers (the relevant functions or powers) conferred, or purportedly conferred, by or under laws that include the old application Act for that State have, and are deemed always to have had, the same force and effect for all purposes as they would have had if:\n\n    (a) they had been taken, or purportedly taken by a State authority or officer of the State (within the meaning of that Act); and\n    (b) the relevant functions or powers had been duly conferred on those authorities or officers.\n\n15 Subsection 1382(1) (after paragraph (b) of the definition of federal corporations proceeding)\n\nInsert:\n\n    (ba) a proceeding that relates to a matter to which a provision of the Corporations Act 1989 applied (other than a proceeding that relates to a matter to which a provision of the Corporations Law of the Australian Capital Territory applied);\n    (bb) a proceeding in relation to a matter to which a provision of the old corporations legislation of a State or Territory in this jurisdiction applied:\n    (i) in which the Commonwealth was seeking an injunction or a declaration; or\n    (ii) to which the Commonwealth, or a person suing or being sued on behalf of the Commonwealth, was a party;\n    (bc) any other proceeding in relation to a matter to which a provision of the old corporations legislation of a State in this jurisdiction applied that was in the exercise of federal jurisdiction;\n    (bd) any other proceeding in relation to a matter to which a provision of the old corporations legislation of a Territory in this jurisdiction applied that would be covered by paragraph (bc) if the Territory had been a State;\n\n16 After section 1384\n\nInsert:","sortOrder":25},{"sectionNumber":"1384A","sectionType":"section","heading":"Appeals etc. in relation to some former federal corporations proceedings","content":"#### 1384A Appeals etc. in relation to some former federal corporations proceedings\n\n  (1) This section applies to a proceeding in relation to which all of the following paragraphs are satisfied:\n    (a) the proceeding was started in a court before the commencement;\n    (b) the proceeding was a federal corporations proceeding that related to a matter to which a provision of the old corporations legislation of a State or Territory in this jurisdiction applied; and\n    (c) the proceeding had been concluded or terminated before the commencement.\n  (2) A decision or order made in the proceeding may be appealed against, or otherwise reviewed, as if it had been made in a proceeding that related to a matter to which a provision of this Act applied.\n  (3) An order made in the proceeding may be enforced as if it had been made in a proceeding that related to a matter to which a provision of this Act applied.","sortOrder":26},{"sectionNumber":"1384B","sectionType":"section","heading":"Effect of decisions and orders made in federal corporations proceedings before commencement","content":"#### 1384B Effect of decisions and orders made in federal corporations proceedings before commencement\n\n  (1) For the avoidance of doubt, if:\n    (a) a proceeding was started in a court before the commencement; and\n    (b) the proceeding was a federal corporations proceeding that related to a matter to which a provision of the old corporations legislation of a State or Territory in this jurisdiction applied; and\n    (c) a decision was made or an order given in the proceeding before the commencement;\n  the decision or order continues to have effect after the commencement despite the provision of the old corporations legislation ceasing to have effect.\n  (2) This section does not limit the operation of section 1384 in relation to the decision or order.\n\n  \n\nSchedule 3—Consequential amendments of other Acts\n\nAboriginal and Torres Strait Islander Commission Act 1989\n\n1 Subsection 4(2)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nAboriginal Councils and Associations Act 1976\n\n2 Section 3 (paragraph (b) of the definition of unauthorised name)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n3 Section 62\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 62 is altered by omitting “Companies” and substituting “Corporations”.\n\n4 Section 67\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 67 is altered by omitting “Companies” and substituting “Corporations”.\n\n5 Section 81A\n\nRepeal the section, substitute:","sortOrder":27},{"sectionNumber":"81A","sectionType":"section","heading":"Aboriginal corporation not registrable Australian body","content":"#### 81A Aboriginal corporation not registrable Australian body\n\n  An Aboriginal corporation is not a registrable Australian body for the purposes of the Corporations Act 2001.\n\nACIS Administration Act 1999\n\n6 Subsection 21(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n7 Paragraph 29(2)(d)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n8 Paragraph 29(2)(e)\n\nOmit “that Law”, substitute “that Act”.\n\nActs Interpretation Act 1901\n\n9 Section 40A\n\nRepeal the section, substitute:","sortOrder":28},{"sectionNumber":"40A","sectionType":"section","heading":"References to the new corporations and ASIC legislation","content":"#### 40A References to the new corporations and ASIC legislation\n\n  (1) A reference in an Act to:\n    (a) an Act, or regulations or another instrument, that is part of the new corporations legislation or the new ASIC legislation; or\n    (b) a provision, or group of provisions, of such an Act, regulations or other instrument;\n  is taken to include a reference to:\n    (c) the corresponding part, provision or provisions of the old corporations legislation or the old ASIC legislation; and\n    (d) any relevant earlier law.\n  (2) Subsection (1) does not apply to:\n    (a) a reference in an Act that is part of the new corporations legislation or the new ASIC legislation; or\n    (b) a reference in the Corporations (Repeals, Consequentials and Transitionals) Act 2001; or\n    (c) a reference that identifies an Act that is part of the new corporations legislation or the new ASIC legislation as an Act to be amended; or\n    (d) a reference in a provision that applies an Act that is part of the new corporations legislation or the new ASIC legislation, or a provision or group of provisions, of such an Act to a particular matter (whether with or without modification).\n  (3) Subsection (1) has effect:\n    (a) subject to an express provision to the contrary in the Act concerned; and\n    (b) subject to regulations made for the purposes of subsection (5).\n  (4) For the purposes of this section:\n    (a) the question whether a part, provision or provisions of the old corporations legislation corresponds to a part, provision or provisions of the new corporations legislation is to be determined in the same way as it is determined for the purposes of Part 10.1 of the Corporations Act 2001; and\n    (b) the question whether a part, provision or provisions of the old ASIC legislation corresponds to a part, provision or provisions of the new ASIC legislation is to be determined in the same way as it is determined for the purposes of Part 16 of the Australian Securities and Investments Commission Act 2001.\n  (5) The regulations may provide that subsection (1) does not apply in relation to a particular reference, or class of references, in an Act.\n  (6) In this section:\n\n> new ASIC legislation has the same meanings as in Part 16 of the Australian Securities and Investments Commission Act 2001.\n\n> new corporations legislation has the same meanings as in Part 10.1 of the Corporations Act 2001.\n\n> old ASIC legislation has the same meanings as in Part 16 of the Australian Securities and Investments Commission Act 2001.\n\n> old corporations legislation has the same meanings as in Part 10.1 of the Corporations Act 2001.\n\n> relevant earlier law, in relation to a provision of the old corporations legislation, or the old ASIC legislation, means a law that was:\n\n    (a) a corresponding previous law (as defined for the purposes of that provision or provisions that included that provision); or\n    (b) a relevant previous law (as defined for the purposes of that provision or provisions that included that provision).\n\n10 At the end of the Act\n\nAdd:","sortOrder":29},{"sectionNumber":"51","sectionType":"section","heading":"Regulations","content":"#### 51 Regulations\n\n  The Governor‑General may make regulations prescribing matters:\n    (a) required or permitted by this Act to be prescribed; or\n    (b) necessary or convenient to be prescribed for carrying out or giving effect to this Act.\n\nAdministrative Appeals Tribunal Act 1975\n\n11 Paragraph 27A(2)(d)\n\nRepeal the paragraph, substitute:\n\n    (d) a decision under the Corporations Act 2001 to which section 1317B of that Act applies;\n\n12 Paragraph 27A(2)(e)\n\nRepeal the paragraph, substitute:\n\n    (e) a decision under the Australian Securities and Investments Commission Act 2001 to which section 244 of that Act applies.\n\nAdministrative Decisions (Judicial Review) Act 1977\n\n13 Subsection 3(8A)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n14 Section 9 (note)\n\nOmit “51(2A) of the Corporations Act 1989” (wherever occurring), substitute “1337B(3) of the Corporations Act 2001”.\n\n15 Paragraph 2(c) of Schedule 3\n\nRepeal the paragraph.\n\nAerospace Technologies of Australia Limited Sale Act 1994\n\n16 Section 3 (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n17 Section 4\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAgricultural and Veterinary Chemicals Code Act 1994\n\n18 Subsection 69(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAir Navigation Act 1920\n\n19 Subsection 11A(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n20 Subsection 11A(3)\n\nOmit “that Law”, substitute “that Act”.\n\n21 Subsection 11A(4) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAirports Act 1996\n\n22 Section 5 (paragraph (b) of the definition of qualified company)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n23 Subsection 141(7)\n\nOmit “32 of the Corporations Act 1989” (wherever occurring), substitute “334 of the Corporations Act 2001”.\n\n24 Section 144\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n25 Paragraph 14(1)(e) of the Schedule\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\nAirports (Transitional) Act 1996\n\n26 Section 4 (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAir Services Act 1995\n\n27 Subsection 3(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nA New Tax System (Australian Business Number) Act 1999\n\n28 Subsection 8(2)\n\nOmit “Corporations Law”, substitute “Corporations Act”.\n\n29 Section 41 (definition of Corporations Law Company)\n\nRepeal the definition.\n\n30 Section 41\n\nInsert:\n\n> Corporations Act company means a body registered as a company under the Corporations Act 2001.\n\nA New Tax System (Goods and Services Tax) Act 1999\n\n31 Section 195‑1 (paragraph (a) of the definition of futures exchange)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n32 Section 195‑1 (paragraph (a) of the definition of futures exchange)\n\nOmit “that Law”, substitute “that Act”.\n\n33 Section 195‑1 (definition of officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n34 Section 195‑1 (paragraph (d) of the definition of representative)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nA New Tax System (Luxury Car Tax) Act 1999\n\n35 Section 27‑1 (definition of officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAuditor‑General Act 1997\n\n36 Section 5 (definition of Auditor‑General function)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n37 Section 5 (definition of Corporations Law)\n\nRepeal the definition.\n\n38 Section 5 (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n39 Subsection 21(1)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 21 is altered by omitting “Law” and substituting “Act”.\n\n40 Paragraph 26(1)(b)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nAustralian Hearing Services Act 1991\n\n41 Subsection 4(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Industry Development Corporation Act 1970\n\n42 Section 33B (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n43 Subsection 33F(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n44 Subsection 33K(7)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n45 Paragraph 34C(7)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n46 Paragraphs 34D(1)(b) and (c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n47 Subsections 34D(2) and (3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n48 Paragraph 34E(5)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n49 Paragraph 34G(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n50 Subsection 34G(2) (definition of listing rules)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n51 Subsection 34G(2) (definition of securities exchange)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n52 Subsection 34G(3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n53 Section 36A\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Land Transport Development Act 1988\n\n54 Subparagraph 15(3)(c)(i)\n\nOmit “Corporations Law of a State or of an internal Territory”, substitute “Corporations Act 2001”.\n\n55 Subsection 28A(3)\n\nOmit “Corporations Law of a State or of an internal Territory”, substitute “Corporations Act 2001”.\n\n56 Subsection 28A(3)\n\nOmit “that Corporations Law”, substitute “that Act”.\n\nAustralian Meat and Live‑stock Industry 1997\n\n57 Subsection 8(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n58 Subsection 8(5) (definition of corporation)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n59 Paragraphs 60(4)(a) and 60(5)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n60 Paragraph 61(2)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n61 Section 72\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Postal Corporation Act 1989\n\n62 Section 6\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Prudential Regulation Authority Act 1998\n\n63 Section 3 (definition of ASIC staff member)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n64 Subsection 56(1) (paragraph (b) of the definition of protected document)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n65 Subsection 56(1) (paragraph (cb) of the definition of protected document)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n66 Subsection 56(1) (paragraph (b) of the definition of protected information)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n67 Subsection 56(1) (paragraph (cb) of the definition of protected information)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nAustralian Sports Drug Agency Act 1990\n\n68 Subsections 10A(3), (5) and (6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nBanking Act 1959\n\n69 Subsection 5(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n70 Subsection 11CA(6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n71 Subsection 11CG(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n72 Paragraph 13C(1)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n73 Subsection 14C(4)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to subsection 14C(4) is altered by omitting “Law” and substituting “Act 2001”.\n\n74 Subsection 14F(2)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n75 Subsection 15(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n76 Subsection 15A(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n77 Paragraph 63(5)(aa)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n78 Section 70B\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 70B is altered by omitting “Law” and substituting “Act”.\n\nBank Integration Act 1991\n\n79 Subsection 25(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nBankruptcy Act 1966\n\n80 Subsection 5(1) (paragraph (ba) of the definition of company officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n81 Subsection 5(1) (paragraph (bb) of the definition of company officer)\n\nOmit “that Law”, substitute “that Act”.\n\n82 Subsection 5(1) (paragraph (a) of the definition of private company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n83 Subparagraph 5G(c)(ia)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n84 Paragraph 5G(c)\n\nOmit “that Law” (wherever occurring), substitute “that Act”.\n\n85 Subsection 82(3AA)\n\nOmit “paragraph 1317EA(3)(b) of the Corporations Law of a State or Territory”, substitute “section 1317G of the Corporations Act 2001”.\n\n86 Paragraph 149D(1)(b)\n\nRepeal the paragraph, substitute:\n\n    (b) after the date of the bankruptcy, the bankrupt contravened section 206A of the Corporations Act 2001 (disqualification from managing corporations);\n\n87 Subsection 149ZD(1)\n\nRepeal the subsection, substitute:\n\n  (1) A bankrupt is disqualified from discharge if, after the date of the bankruptcy, the bankrupt contravened section 206A of the Corporations Act 2001 (disqualification from managing corporations).\n\nBroadcasting Services Act 1992\n\n88 Section 103B (definition of registered auditor)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n89 Section 121B (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n90 Subsection 143(3) (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n91 Section 146B (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n92 Subsection 212A(4) (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n93 Subclause 2(1) of Schedule 6 (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCFM Sale Act 1996\n\n94 Subsection 3(1) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n95 Subsections 3(2) and (3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCharter of the United Nations Act 1945\n\n96 Paragraph 9(e)\n\nRepeal the paragraph, substitute:\n\n    (e) any provision of the Corporations Act 2001 or the Australian Securities and Investments Commission Act 2001, or of regulations made under those Acts; or\n\nCheques Act 1986\n\n97 Paragraph 70A(2)(a)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nChild Support (Registration and Collection) Act 1988\n\n98 Subsection 4(1) (paragraph (ea) of the definition of trustee)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n99 Subsection 4(1) (paragraph (eb) of the definition of trustee)\n\nOmit “that Law”, substitute “that Act”.\n\nCoal Mining Industry (Long Service Leave Funding) Act 1992\n\n100 Paragraph 48B(1)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCoal Mining Industry (Long Service Leave) Payroll Levy Collection Act 1992\n\n101 Section 3 (definition of financial statements)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n102 Subsection 10(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCommonwealth Authorities and Companies Act 1997\n\nNote: The Reader’s Guide to the Commonwealth Authorities and Companies Act 1997 is altered by omitting “Corporations Law” (wherever occurring) and substituting “Corporations Act 2001”.\n\n103 Section 5 (definition of Corporations Law)\n\nRepeal the definition.\n\n104 Section 5 (definition of Corporations Law company)\n\nRepeal the definition.\n\n105 Section 5\n\nInsert:\n\n> Corporations Act company means a body corporate that is incorporated, or taken to be incorporated, under the Corporations Act 2001.\n\n106 Section 5 (paragraph (c) of the definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n107 Section 5 (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n108 Paragraph 7(2)(a)\n\nOmit “Law”, substitute “Act”.\n\n109 Subsection 12(2)\n\nOmit “Corporations Law company”, substitute “Corporations Act company”.\n\n110 Subsection 12(2)\n\nOmit “Corporations Law” (second and third occurring), substitute “Corporations Act 2001”.\n\n111 Subsection 23(1) (note 2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n112 Subsection 26(1) (note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n113 Subsection 31(3)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n114 Subsection 34(1)\n\nOmit “Corporations Law company”, substitute “Corporations Act company”.\n\n115 Paragraph 35(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n116 Subsections 36(1), (2) and (3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n117 Subsection 37(2)\n\nOmit “Corporations Law company”, substitute “Corporations Act company”.\n\n118 Subsection 37(2)\n\nOmit “Corporations Law” (second and third occurring), substitute “Corporations Act 2001”.\n\n119 Paragraph 44(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n120 Subsection 45(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCommonwealth Banks Act 1959\n\n121 Subsection 9(4)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n122 Section 27G\n\nRepeal the section, substitute:","sortOrder":30},{"sectionNumber":"27G","sectionType":"section","heading":"Name of the Commonwealth Bank","content":"#### 27G Name of the Commonwealth Bank\n\n  Notwithstanding subsection 148(2) of the Corporations Act 2001, the Commonwealth Bank need not have the word “Limited” at the end of its name.\n\n123 Section 27J\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nCommonwealth Borrowing Levy Act 1987\n\n124 Subsection 3(1) (paragraph (c) of the definition of body)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nCommonwealth Electoral Act 1918\n\n125 Paragraph 287(6)(b)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n126 Paragraph 306A(8)(d) (definition of financial institution, note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nCommonwealth Funds Management Limited Act 1990\n\n127 Subsection 3(2)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n128 Subsection 7(3)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n129 Subsection 8(1) (definition of minimum share capital)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n130 Section 18\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nCommonwealth Serum Laboratories Act 1961\n\n131 Section 5\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n132 Subsection 8(5)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n133 Sections 16, 17 and 18\n\nRepeal the sections, substitute:","sortOrder":31},{"sectionNumber":"16","sectionType":"section","heading":"Past members","content":"#### 16 Past members\n\n  For the purposes of Division 2 of Part 5.6 of the Corporations Act 2001, a person is not a past member of CSL merely because he or she was a member of the CSL Commission, or acted as a member of the Commission, before the commencement of this Part.\n\n134 Section 19\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n135 Subsection 19B(1) (definition of administering body)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n136 Subsection 19B(1) (definition of associate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n137 Subsection 19B(1) (paragraphs (a) and (b) of the definition of associate)\n\nOmit “that Law”, substitute “that Act”.\n\n138 Subsection 19B(1) (definition of Corporations Law)\n\nRepeal the definition.\n\n139 Subsection 19B(1) (definition of register of members)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n140 Subsection 19B(1) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n141 Subsection 19B(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n142 Subsection 19B(3)\n\nOmit “that Law”, substitute “that Act”.\n\n143 Subsection 19D(3) (definition of resolution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n144 Subsection 19D(3) (definition of special resolution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n145 Section 19Z\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 19Z is altered by omitting “Law” and substituting “Act”.\n\nCommonwealth Superannuation Board Act 2001\n\n146 Subsection 10(8)\n\nOmit “Corporations Law from managing a corporation (within the meaning of that Law)”, substitute “Corporations Act 2001 from managing a corporation (within the meaning of that Act)”.\n\nCrimes Act 1914\n\n147 Paragraph 4AB(3)(b)\n\nRepeal the paragraph.\n\nCriminal Code Act 1995\n\n148 The Dictionary in the Criminal Code (subparagraph (a)(iii) of the definition of Commonwealth Authority)\n\nRepeal the subparagraph, substitute:\n\n    (iii) the Corporations Act 2001; or\n\n149 The Dictionary in the Criminal Code (subparagraph (n)(iii) of the definition of Commonwealth public official)\n\nRepeal the subparagraph, substitute:\n\n    (iii) the Corporations Act 2001; or\n\n150 The Dictionary in the Criminal Code (subparagraph (r)(iii) of the definition of Commonwealth public official)\n\nRepeal the subparagraph, substitute:\n\n    (iii) the Corporations Act 2001; or\n\nCrown Debts (Priority) Act 1981\n\n151 Section 4\n\nOmit “Companies Act 1981 or in the Corporations Act 1989”, substitute “Corporations Act 2001”.\n\nCustoms Act 1901\n\n152 Paragraph 67EB(4)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n153 Paragraph 67EB(4)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n154 Paragraph 77K(3)(d)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n155 Paragraph 77K(3)(e)\n\nOmit “that Law”, substitute “that Act”.\n\n156 Subparagraph 77N(2)(c)(iii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n157 Subparagraph 77N(2)(c)(iv)\n\nOmit “that Law”, substitute “that Act”.\n\n158 Paragraph 81(3)(ca)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n159 Paragraph 81(3)(cb)\n\nOmit “that Law”, substitute “that Act”.\n\n160 Subparagraph 82(1)(ba)(iii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n161 Subparagraph 82(1)(ba)(iv)\n\nOmit “that Law”, substitute “that Act”.\n\n162 Paragraph 183CC(4A)(ca)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n163 Paragraph 183CC(4A)(cb)\n\nOmit “that Law”, substitute “that Act”.\n\n164 Subparagraph 183CG(1)(c)(ii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n165 Subparagraph 183CG(1)(c)(iii)\n\nOmit “that Law”, substitute “that Act”.\n\nDairy Produce Act 1986\n\n166 Paragraph 94A(5)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nDefence Housing Authority Act 1987\n\n167 Subsection 3(2)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nEducation Services for Overseas Students Act 2000\n\n168 Subsection 6(2)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n169 Paragraph 9(6)(f)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n170 Paragraph 80(2)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n171 Paragraph 80(2)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nEnvironment Protection and Biodiversity Conservation Act 1999\n\n172 Section 526\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nEqual Opportunity for Women in the Workplace Act 1999\n\n173 Paragraph 3(2)(b)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nEvidence Act 1995\n\n174 Subsection 8(3)\n\nOmit “Corporations Law and the ASIC Law”, substitute “Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001”.\n\n175 Part 1 of the Dictionary (definition of Commonwealth owned body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nExcise Act 1901\n\n176 Paragraph 39C(e)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n177 Subparagraph 39D(1)(f)(iv)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n178 Subparagraph 39D(1)(f)(v)\n\nOmit “that Law”, substitute “that Act”.\n\nExport Market Development Grants Act 1997\n\n179 Paragraphs 6(1)(b) and 15(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n180 Subsection 16(2) (paragraph (a) of the definition of relevant offence)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n181 Paragraph 78(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n182 Section 107 (definition of company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n183 Section 107 (definition of related company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFederal Airports Corporation Act 1986\n\n184 Subsection 3(3)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nFederal Proceedings (Costs) Act 1981\n\n185 Subsection 14(2)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nFilm Licensed Investment Company Act 1998\n\n186 Paragraph 15(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Corporations (Transfer of Assets and Liabilities) Act 1993\n\n187 Section 3 (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n188 Paragraph 6(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n189 Paragraph 7(5)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Corporations Act 1974\n\n190 Subsection 7(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Sector (Collection of Data) Act 2001\n\n191 Subsection 34(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Sector (Transfers of Business) Act 1999\n\n192 Subsection 4(1) (paragraph (a) of the definition of established)\n\nRepeal the paragraph, substitute:\n\n    (a) it is registered under the Corporations Act 2001 and is taken, under section 119A or subsection 1378(4) of that Act, to be registered in that State or Territory; or\n\n193 Subsection 4(1) (paragraph (b) of the definition of established)\n\nOmit “otherwise”.\n\n194 Subsection 39(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nFinancial Transaction Reports Act 1988\n\n195 Section 3 (definition of FTR information)\n\nRepeal the definition, substitute:\n\n> FTR information means information obtained by the Director under Part II and includes information included in a notice under subsection 18(8A) or 22(1) or in a copy of a record given under subsection 24(5).\n\n196 Subsection 3(1) (definition of futures broker)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n197 Subsection 3(1) (definition of securities dealer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n198 Paragraph 27(9)(b)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\nFisheries Management Act 1991\n\n199 Subsection 31F(9)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n200 Subsection 46(6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nForeign Evidence Act 1994\n\n201 Subsection 3(1) (definition of ASC)\n\nRepeal the definition.\n\n202 Subsection 3(1)\n\nInsert:\n\n> ASIC means the Australian Securities and Investments Commission.\n\n203 Paragraph 28(b)\n\nRepeal the paragraph, substitute:\n\n    (b) is a proceeding under the Corporations Act 2001 or the Australian Securities and Investments Commission Act 2001 in which ASIC is a party.\n\n204 Section 29\n\nOmit “the ASC”, substitute “ASIC”.\n\n205 Subsection 35(1)\n\nOmit “the ASC” (wherever occurring), substitute “ASIC”.\n\nForeign Proceedings (Excess of Jurisdiction) Act 1984\n\n206 Subsection 3(4)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nFringe Benefits Tax Assessment Act 1986\n\n207 Subsection 136(1) (paragraph (hb) of the definition of fringe benefit)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n208 Subsection 136(1) (paragraph (ea) of the definition of trustee)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n209 Subsection 136(1) (paragraph (eb) of the definition of trustee)\n\nOmit “that Law”, substitute “that Act”.\n\nHealth Insurance Commission (Reform and Separation of Functions) Act 1997\n\n210 Section 4 (definition of voting shares)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n211 Subsection 5(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n212 Subsection 17(8)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n213 Subsection 34(6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n214 Section 45\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 45 is altered by omitting “Law” and substituting “Act”.\n\n215 Subsection 47(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nHearing Services and AGHS Reform Act 1997\n\n216 Paragraph 5(2)(a)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nHousing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996\n\n217 Section 3 (definition of Company)\n\nOmit “Corporations Law of the Australian Capital Territory”, substitute “Corporations Act 2001”.\n\n218 Subsection 35(1)\n\nOmit “Corporations Law of the Australian Capital Territory”, substitute “Corporations Act 2001”.\n\n219 Subsection 35(1)\n\nOmit “that Law”, substitute “that Act”.\n\nIncome Tax Assessment Act 1936\n\n220 Subsection 26AAC(18B)\n\nOmit “of subsection 7(5) of the Companies Act 1981”, substitute “of the Corporations Act 2001”.\n\n221 Paragraph 128AE(2)(e)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n222 Subsection 128TK(2)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n223 Paragraph 128TK(4)(a)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n224 Subsection 159GZZZC(3)\n\nOmit “Companies Act 1981 or a corresponding law in force in a State or Territory”, substitute “Corporations Act 2001”.\n\n225 Subsection 160APHBH(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n226 Subparagraph 160APHBJ(2)(c)(i)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n227 Subsection 160APHBJ(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n228 Section 160AQTC\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n229 Section 202A (definition of public company)\n\nOmit “Companies Act 1981 or a law in force in a State or Territory that corresponds to that Act”, substitute “Corporations Act 2001”.\n\n230 Subparagraph 202EC(5)(a)(v)\n\nRepeal the subparagraph, substitute:\n\n    (v) in the case of a foreign company within the meaning of the Corporations Act 2001—a local agent of the company within the meaning of that Act;\n\n231 Subsection 222AFB(1) (paragraph (a) of the definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n232 Subsection 222AFB(1) (definition of statutory demand)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n233 Subsection 222AFB(1) (definition of statutory minimum)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n234 Paragraph 222AIB(1)(a)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n235 Paragraph 222AIB(1)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n236 Subsection 222AIF(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n237 Section 222AII\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 222AII is altered by omitting “Law” and substituting “Act”.\n\n238 Subsection 222ANA(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n239 Subsection 222AOA(1)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n240 Paragraph 222AOB(1)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n241 Paragraph 222AOB(1)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n242 Paragraph 222AOB(2)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n243 Paragraph 222AOB(2)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n244 Paragraph 222AOBA(1)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n245 Paragraph 222AOBA(1)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n246 Paragraph 222AOBA(2)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n247 Paragraph 222AOBA(2)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n248 Subparagraph 222AOE(b)(iii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n249 Subsection 222AOF(2) (paragraphs (a) and (b) of the definition of ASC document)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n250 Section 222APA\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n251 Paragraph 222APB(1)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n252 Paragraph 222APB(1)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n253 Paragraph 222APB(2)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n254 Paragraph 222APB(2)(d)\n\nOmit “that Law”, substitute “that Act”.\n\n255 Subparagraphs 222APE(1)(b)(iii) and (d)(iii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n256 Subsection 222AQA(1)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n257 Section 222ARA\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 222ARA is altered by omitting “Law” and substituting “Act”.\n\n258 Subparagraph 500(5)(b)(i)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n259 Sub‑subparagraph 500(5)(b)(ii)(C)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n260 Subparagraph 507(5)(b)(i)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n261 Sub‑subparagraph 507(5)(b)(ii)(C)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n262 Section 568\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n263 Section 272‑140 of Schedule 2F (paragraph (d) of the definition of special company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nIncome Tax Assessment Act 1997\n\n264 Section 4‑5 (note 2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n265 Paragraph 86‑65(2)(c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n266 Paragraph 118‑510(3)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n267 Subsection 124‑520(2)\n\nOmit “Corporations Law of a State or Territory or a similar \\*State law, \\*Territory law or”, substitute “Corporations Act 2001 or a similar”.\n\n268 Subsection 124‑780(1) (example 2)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n269 Subsection 124‑780(2) (note 2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n270 Paragraphs 166‑245(1)(a) and (b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n271 Paragraphs 166‑245(2)(a) and (b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n272 Subsection 375‑872(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to subsection 375‑872(3) is altered by omitting “Law” and substituting “Act”.\n\n273 Paragraph 975‑100(3)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n274 Subsection 995‑1(1) (definition of relevant interest)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n275 Subsection 995‑1(1) (paragraph (a) of the definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nIndustry Research and Development Act 1986\n\n276 Section 39B\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nInsurance Act 1973\n\n277 Subsection 3(1) (definition of financial year)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n278 Subsection 3(1) (paragraph (b) of the definition of securities exchange)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n279 Section 4\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n280 Section 4\n\nOmit “that Law”, substitute “that Act”.\n\n281 Subsection 33(7) (definition of securities)\n\nOmit “prescribed interests as defined in section 9 of the Corporations Law”, substitute “an interest in a managed investment scheme as defined in section 9 of the Corporations Act 2001”.\n\n282 Subsection 49G(8)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n283 Subsection 49G(9) (definition of securities)\n\nOmit “any prescribed interests as defined in section 9 of the Corporations Law”, substitute “an interest in a managed investment scheme as defined in section 9 of the Corporations Act 2001”.\n\n284 Subsection 50(1) (definition of prescribed interest)\n\nOmit “a prescribed interest as defined by section 9 of the Corporations Law”, substitute “an interest in a managed investment scheme as defined in section 9 of the Corporations Act 2001”.\n\n285 Subsection 50(1) (paragraph (f) of the definition of prescribed person)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n286 Subsection 50(1) (paragraph (g) of the definition of prescribed person)\n\nOmit “that Law”, substitute “that Act”.\n\n287 Section 66 (paragraph (b) of the definition of qualified corporation)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n288 Subsection 75(10) (definition of officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n289 Subsection 92(5) (definition of official liquidator)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n290 Subsection 128(3)\n\nRepeal the subsection, substitute:\n\n  (3) In this section:\n\n> officer has the meaning given by section 9 of the Corporations Act 2001.\n\nInsurance (Agents and Brokers) Act 1984\n\n291 Section 9 (paragraph (c) of the definition of insolvent company under administration)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n292 Section 9 (paragraph (d) of the definition of insolvent company under administration)\n\nOmit “that Law”, substitute “that Act”.\n\n293 Subsection 38(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n294 Subsection 38(3)\n\nOmit “that Law”, substitute “that Act”.\n\n295 Paragraph 47(1)(a)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\nInteractive Gambling Act 2001\n\n296 Section 4 (definition of Chapter 8 Agreement)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n297 Section 4 (definition of futures contract)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n298 Section 4 (definition of option contract)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n299 Section 4 (definition of relevant agreement)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n300 Paragraph 5(3)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n301 Paragraph 6(3)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n302 Section 9\n\nRepeal the section, substitute:","sortOrder":32},{"sectionNumber":"21B","sectionType":"section","heading":"Grouping of corporations","content":"#### 21B Grouping of corporations\n\n  For the purposes of this Act, 2 corporations constitute a group if they are related bodies corporate for the purposes of the Corporations Act 2001.\n\n411 Subsection 21D(3)\n\nOmit “, by virtue of subsection 7(5) of the Companies Act 1981, related to the first‑mentioned corporation for the purposes of that Act,”, substitute “a related body corporate of the first‑mentioned corporation for the purposes of the Corporations Act 2001”.\n\n412 Subsection 21F(2)\n\nOmit “, by virtue of subsection 7(5) of the Companies Act 1981, related to the second‑mentioned corporation for the purposes of that Act”, substitute “a related body corporate of the second‑mentioned corporation for the purposes of the Corporations Act 2001”.\n\nPetroleum Resource Rent Tax Assessment Act 1987\n\n413 Section 2 (paragraph (ea) of the definition of trustee)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n414 Section 2 (paragraph (eb) of the definition of trustee)\n\nOmit “that Law”, substitute “that Act”.\n\n415 Paragraphs 2B(6)(b) and (7)(d)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPetroleum (Submerged Lands) Act 1967\n\n416 Subsection 81(8)\n\nOmit “the National Companies and Securities Commission relating to the creation of that charge pursuant to section 201 of the Companies Act 1981 or pursuant to the corresponding provision of a law of a State or Territory”, substitute “the Australian Securities and Investments Commission relating to the creation of that charge under section 263 of the Corporations Act 2001”.\n\n417 Subsection 81(15)\n\nOmit “201 of the Companies Act 1981”, substitute “263 of the Corporations Act 2001”.\n\nPetroleum (Submerged Lands) (Registration Fees) Act 1967\n\n418 Subparagraph 4(4)(a)(i)\n\nOmit “related corporations within the meaning of the Companies Act 1981”, substitute “related bodies corporate within the meaning of the Corporations Act 2001”.\n\n419 Subparagraph 4(6A)(a)(i)\n\nOmit “related corporations within the meaning of the Companies Act 1981”, substitute “related bodies corporate within the meaning of the Corporations Act 2001”.\n\nPig Industry Act 1986\n\n420 Section 3 (definition of Australian Food Council)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPig Industry Act 2001\n\n421 Subsection 9(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n422 Subsection 12(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPipeline Authority Act 1973\n\n423 Paragraph 33E(2)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n424 Subsection 33V(2) (definition of tax)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\nPooled Development Funds Act 1992\n\n425 Subsection 4(1) (definition of company)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n426 Subsection 4(1) (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n427 Paragraph 4(3)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n428 Subsection 24(4)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n429 Paragraph 24(8)(a)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n430 Subsection 30(2)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n431 Subsection 31(3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nPrimary Industries (Customs) Charges Act 1999\n\n432 Subclause 1(4) of Schedule 4\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPrimary Industries (Excise) Levies Act 1999\n\n433 Clause 4 of Schedule 3\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n434 Clause 1 of Schedule 6 (definition of Federation)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n435 Clause 5 of Schedule 6\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n436 Clause 2 of Schedule 18\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nPrivacy Act 1988\n\n437 Subsection 6(8)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\n438 Subsection 6(8)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nProtection of the Sea (Oil Pollution Compensation Fund) Act 1993\n\n439 Section 3 (definition of Corporations Law)\n\nRepeal the definition.\n\n440 Section 8\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n441 Paragraph 14(4)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n442 Section 29\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n443 Paragraph 35(3)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nQantas Sale Act 1992\n\n444 Subsection 3(1) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n445 Subsection 3(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n446 Subsection 7(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n447 Subsection 7(2)\n\nOmit “that Law”, substitute “that Act”.\n\n448 Subsection 7(7) (definition of company name)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n449 Subsection 8(3) (definition of resolution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n450 Subsection 8(3) (definition of special resolution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n451 Subsection 9(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n452 Subsection 9(3)\n\nOmit “that Law”, substitute “that Act”.\n\n453 Subsection 9(4) (definition of register of members)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n454 Section 13\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 13 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n455 Section 21\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 21 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n456 Paragraph 37(1)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n457 Subsection 40(4) (definition of tax)\n\nOmit “Corporations Law of a State or Territory” (wherever occurring), substitute “Corporations Act 2001”.\n\nReserve Bank Act 1959\n\n458 Subsection 79A(1) (paragraph (b) of the definition of protected document)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nRetirement Savings Accounts Act 1997\n\n459 Section 16 (definition of Corporations Law)\n\nRepeal the definition.\n\n460 Section 16 (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n461 Section 16 (definition of member of the staff of ASIC)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n462 Subsection 18(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n463 Subsection 18(2)\n\nOmit “the Corporations Law” (wherever occurring), substitute “that Act”.\n\nSafety, Rehabilitation and Compensation Act 1988\n\n464 Subsection 108Y(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nService and Execution of Process Act 1992\n\n465 Subsection 3(1) (definition of company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n466 Subsection 3(1) (definition of registered body)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n467 Subsections 9(3), (4), (4A), (6), (8) and (9)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n468 Subsection 9(10)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n469 Subsection 9(11) (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n470 Subsection 9(11) (definition of local agent)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n471 Subsection 9(11) (definition of official manager)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n472 Subsection 9(11) (definition of registered foreign company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n473 Subsection 9(11) (definition of registered office)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSnowy Hydro Corporatisation Act 1997\n\n474 Subsection 5(1) (definition of Snowy Hydro Company or Company)\n\nRepeal the definition, substitute:\n\n> Snowy Hydro Company or Company means the company incorporated, or to be incorporated, by the name Snowy Hydro Limited.\n\n475 Subsection 5(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n476 Section 50\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 50 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n477 Subsection 55(1)\n\nOmit “Corporations Law of New South Wales”, substitute “Corporations Act 2001”.\n\n478 Subsection 55(1)\n\nOmit “that Law”, substitute “that Act”.\n\nSnowy Mountains Engineering Corporation Limited Sale Act 1993\n\n479 Subsection 3(1) (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n480 Subsection 3(2)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n481 Subsection 38(4) (definition of tax)\n\nOmit “Corporations Law of a State or a Territory” (wherever occurring), substitute “Corporations Act 2001”.\n\nSocial Security Act 1991\n\n482 Subsection 10B(2) (definition of insolvent under administration)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n483 Subsection 14A(1) (paragraph (a) of the definition of liquid assets)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n484 Subsection 14A(1) (definition of liquid assets, note 1)\n\nRepeal the note.\n\n485 Subsection 17A(1) (definition of proprietary company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n486 Section 19B (paragraph (b) of the definition of liquid assets)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n487 Section 19B (note)\n\nRepeal the note.\n\n488 Section 1207A (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n489 Subsection 1207N(8) (definition of consolidated gross operating revenue)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n490 Subsection 1207N(8) (definition of value of consolidated gross assets)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nStates Grants (Petroleum Products) Act 1965\n\n491 Subsection 5(4E)\n\nOmit “Companies Act 1981”, substitute “Corporations Act 2001”.\n\nStates Grants (Primary and Secondary Education Assistance) Act 1996\n\n492 Schedule 9 (paragraphs (a) and (b) of the definition of qualified accountant)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nStevedoring Levy (Collection) Act 1998\n\n493 Subsection 8(3) (definition of body corporate)\n\nOmit “Corporations Law of a State or Territory”, substitute “Corporations Act 2001”.\n\n494 Subsection 8(3) (definition of related body corporate)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSuperannuation Act 1990\n\n495 Subsection 3 (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSuperannuation Benefits (Supervisory Mechanisms) Act 1990\n\n496 Paragraph 6(5)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSuperannuation Guarantee (Administration) Act 1992\n\n497 Section 52\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSuperannuation Industry (Supervision) Act 1993\n\n498 Subsection 10(1) (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n499 Section 10 (paragraph (b) of the definition of member of staff)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n500 Subsection 12(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n501 Subsection 12(2)\n\nOmit “the Corporations Law” (wherever occurring), substitute “that Act”.\n\n502 Section 20\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n503 Subsection 57(4)\n\nOmit “Corporations Law of a State or internal Territory”, substitute “Corporations Act 2001”.\n\n504 Subsection 66(5) (definition of listed security)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n505 Section 83A (definition of voting share)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n506 Subsection 190(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nSydney Airport Demand Management Act 1997\n\n507 Subsection 46(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n508 Subsection 61(1)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nTaxation Administration Act 1953\n\n509 Paragraph 8Y(4)(ba)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n510 Paragraph 8Y(4)(bb)\n\nOmit “that Law”, substitute “that Act”.\n\nTelecommunications Act 1997\n\n511 Subparagraph 23(1)(c)(ii)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n512 Subsection 27(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nTelecommunications (Interception) Act 1979\n\n513 Subsection 5(1) (definition of secretary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n514 Subsection 18(7)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n515 Subsection 61(7)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nTelstra Corporation Act 1991\n\n516 Section 3 (definition of constitution)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n517 Section 3 (definition of voting shares)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n518 Section 5\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n519 Paragraph 8AI(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 8AI is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n520 Subsection 8AJ(7) (paragraph (b) of the definition of securities)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n521 Subsection 8AK(1) (paragraph (b) of the definition of securities)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n522 Paragraph 8AQ(5)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n523 Paragraphs 8AR(1)(b) and (c)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n524 Subsections 8AR(2) and (3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n525 Subsection 8AT(1)\n\nOmit “Chapter 7 of the Corporations Law”, substitute “Chapters 6D and 7 of the Corporations Act 2001”.\n\nNote: The heading to section 8AT is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n526 Subsection 8AT(2)\n\nRepeal the subsection, substitute:\n\n  (2) Subsection (1) has effect despite anything in the Corporations Act 2001.\n\n527 Subsection 8AT(4)\n\nRepeal the subsection, substitute:\n\n  (4) For the purposes of subsection (1), if Chapter 6D or 7 of the Corporations Act 2001 is repealed and replaced by another provision of that Act that deals with fundraising or securities regulation, the reference in that subsection to Chapter 6D or 7 of that Act is to be read as a reference to the replacement provision.\n\n528 Subsection 8AU(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n529 Subsection 8AU(5)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n530 Subsection 8AU(6) (definition of debenture)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n531 Paragraph 8AUA(4)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n532 Subsection 8AV(5)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n533 Subsection 8AV(6)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n534 Paragraph 8AW(5)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n535 Paragraph 8AY(1)(a)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n536 Subsection 8AY(2) (definition of listing rules)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n537 Subsection 8AY(2) (definition of securities exchange)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n538 Subsection 8AY(3)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n539 Subsection 8AZ(2) (definition of debenture)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n540 Subsection 8BS(1)\n\nOmit “Corporations Law of a State or an internal Territory”, substitute “Corporations Act 2001”.\n\n541 Section 8BY\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n542 Subsection 9(6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n543 Section 32\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 32 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n544 Subsection 36(3)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n545 Subsection 36(3A)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\n546 Subsection 36(3A)\n\nOmit “that Law”, substitute “that Act”.\n\n547 Subsections 36(4) and (6)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n548 Subsection 36(6)\n\nOmit “that Law”, substitute “that Act”.\n\nTobacco Advertising Prohibition Act 1992\n\n549 Section 11\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nTrade Practices Act 1974\n\n550 Section 4 (definition of financial product)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n551 Section 4 (definition of financial service)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n552 Subsection 26(1)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n553 Section 44B (definition of director)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n554 Section 44B (definition of officer)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n555 Paragraph 51AF(2)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n556 Subsections 73(1) and (2)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n557 Paragraph 75AZA(2)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nTradex Scheme Act 1999\n\n558 Section 4 (definition of externally‑administered body corporate)\n\nOmit “Corporations Law” (wherever occurring), substitute “Corporations Act 2001”.\n\nVeterans’ Entitlements Act 1986\n\n559 Subsection 5P(1) (definition of proprietary company)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n560 Section 52ZO (definition of subsidiary)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n561 Subsection 52ZZA(8) (definition of consolidated gross operating revenue)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n562 Subsection 52ZZA(8) (definition of value of consolidated gross assets)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nWool International Act 1993\n\n563 Section 22K (note)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n564 Section 22KA\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n565 Section 22KB\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n566 Section 22MA\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nWool International Privatisation Act 1999\n\n567 Subsection 16(4)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 15 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n568 Section 28\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nWool Services Privatisation Act 2000\n\n569 Section 19\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nNote: The heading to section 18 is altered by omitting “Corporations Law” and substituting “Corporations Act”.\n\n570 Subsection 30(2)\n\nOmit “Corporations Law of the Australian Capital Territory”, substitute “Corporations Act 2001”.\n\nWorkplace Relations Act 1996\n\n571 Paragraph 170LB(2)(b)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n572 Section 234 (definition of debenture)\n\nOmit “Division 7 of Part IV of the Companies Act 1981”, substitute “the Corporations Act 2001”.\n\n573 Section 234 (paragraph (a) of the definition of interest)\n\nOmit “a prescribed interest made available by the company within the meaning of the Companies Act 1981”, substitute “an interest in a managed investment scheme made available by the company within the meaning of the Corporations Act 2001”.\n\nWorkplace Relations (Registered Organisations) Act 2001\n\n574 Section 45 (definition of debenture)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\n575 Section 45 (paragraph (a) of the definition of interest)\n\nOmit “Corporations Law”, substitute “Corporations Act 2001”.\n\nYear 2001 Information Disclosure Act 1999\n\n576 Subsection 11(8)\n\nOmit “Australian Securities and Investments Commission Act 1989”, substitute “Australian Securities and Investments Commission Act 2001”.\n\n  \n\nSchedule 4—Amendments dependent on prior commencement of Administrative Review Tribunal legislation\n\nAustralian Securities and Investments Commission Act 2001\n\n1 Subsection 244(1) (definition of decision)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote 1: The heading to section 244 is altered by omitting “Administrative Appeals Tribunal” and substituting “Administrative Review Tribunal”.\n\nNote 2: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n2 Subsection 244(2)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n3 Paragraph 244A(2)(b)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n4 Subsection 244A(5)\n\nOmit “special circumstances for the purposes of subsection 29(6) of the Administrative Appeals Tribunal Act 1975”, substitute “reasonable circumstances for the purposes of paragraph 142(2)(a) of the Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n5 At the end of section 244A\n\nAdd:\n\n  (6) A decision to which this section applies is not a notifiable decision for the purpose of section 56 of the Administrative Review Tribunal Act 2001.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\nCorporations Act 2001\n\n6 Section 9 (definition of Tribunal)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n7 Subsection 164(3)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n8 Subsection 164(4)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n9 Subsection 164(7) (note)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n10 Subsection 656A(1)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n11 Subsection 657EA(1)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n12 Subsection 657C(2) (note)\n\nOmit “Administrative Appeals Tribunal”, substitute “Administrative Review Tribunal”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n13 Subsection 1297(1)\n\nOmit “sections 41 and 44A of the Administrative Appeals Tribunal Act 1975”, substitute “sections 121 and 171 of the Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n14 Part 9.4A of Chapter 9 (heading)\n\nRepeal the heading, substitute:","sortOrder":34},{"sectionNumber":"Part 9.4A","sectionType":"part","heading":"—Review by Administrative Review Tribunal of certain decisions","content":"## Part 9.4A—Review by Administrative Review Tribunal of certain decisions\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n15 Section 1317A (definition of decision)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n16 Subsection 1317B(2)\n\nOmit “Administrative Appeals Tribunal Act 1975”, substitute “Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n17 Subsection 1317D(5)\n\nOmit “special circumstances for the purposes of subsection 29(6) of the Administrative Appeals Tribunal Act 1975”, substitute “reasonable circumstances for the purposes of paragraph 142(2)(a) of the Administrative Review Tribunal Act 2001”.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n18 At the end of section 1317D\n\nAdd:\n\n  (6) A decision to which this section applies is not a notifiable decision for the purpose of section 56 of the Administrative Review Tribunal Act 2001.\n\nNote: If Parts 4 to 10 of the Administrative Review Tribunal Act 2001 have not commenced before the Corporations Act 2001 commences, this item does not come into operation. See subsection 2(12).\n\n  \n\nSchedule 5—Amendments dependent on later commencement of Administrative Review Tribunal legislation\n\nAdministrative Review Tribunal (Consequential and Transitional Provisions) Act 2001\n\n1 Section 5\n\nRepeal the section, substitute:","sortOrder":35}],"analysis":{"summary":{"complexity_score":8,"scope_assessment":{"changed":false,"description":"The Act's scope is consistent with its stated purpose: managing the consequential effects of enacting the Corporations Act 2001 and the ASIC Act 2001. It covers repeals, amendments to other laws, transitional arrangements, and the continuation of Commonwealth agency functions — all of which were clearly anticipated and necessary for the legislative overhaul of the national corporations law scheme. No evidence of scope creep beyond what the title and preamble describe."},"complexity_factors":["Manages the interaction between at least four distinct historical legal regimes: the pre-1981 Companies Act scheme, the 1981 cooperative scheme, the 1989 applied Corporations Law scheme, and the 2001 Commonwealth scheme","Multiple conditional commencement provisions that depend on the commencement dates of at least 7 separate other Acts, creating complex timing interdependencies","Dual Schedule 4/5 mechanism where only one of the two Schedules commences, depending on the timing of an entirely separate piece of legislation (the Administrative Review Tribunal Act 2001)","Extensive defined-term architecture with over 25 defined terms in Part 3 alone, many of which reference definitions in other Acts","The concept of 'corresponding provisions' between old and new law requires a detailed multi-factor legal analysis rather than simple rule application","Distinction between 'federal' and 'non-federal' proceedings with different legal consequences, requiring analysis of constitutional jurisdiction","Special ACT-specific rules layered on top of nationally applicable rules, creating a two-track system","Provisions that operate 'despite' the Acts Interpretation Act 1901, overriding normal statutory interpretation defaults","The Act is heavily cross-referential, with many provisions only intelligible by consulting sections of the Corporations Act 2001, the ASIC Act 2001, and several other statutes simultaneously","Significant repetition in the document structure suggests formatting issues that obscure the true structure and add to reader confusion"],"plain_english_summary":"## What is this law?\n\nThis Act is essentially a **legal housekeeping law** — it was passed alongside the new *Corporations Act 2001* to clean up the old system and ensure a smooth handover to the new one. Think of it like the paperwork you do when moving house: cancelling old accounts, transferring what you need to keep, and making sure nothing falls through the cracks.\n\n## What did the old system look like?\n\nBefore 2001, Australian company law operated through a patchwork \"cooperative scheme\" where each State and Territory had its own version of the *Corporations Law* (essentially the same law copied across jurisdictions). The Australian Capital Territory (ACT) was special — it hosted the \"applied\" Commonwealth version that other states mirrored. This old system was scrapped and replaced with a single, direct Commonwealth law: the *Corporations Act 2001*.\n\n## What does this Act actually do?\n\n### 1. Repeals old laws\nIt formally cancels (repeals) a long list of outdated Acts that are no longer needed, including the old *Corporations Act 1989*, the *Australian Securities and Investments Commission Act 1989*, the *Companies Act 1981*, and related legislation.\n\n### 2. Updates other laws\nIt amends hundreds of other Commonwealth Acts to replace references to the old system with references to the new *Corporations Act 2001*. This is purely technical — like a find-and-replace across the statute book.\n\n### 3. Manages the ACT transition specially\nBecause the ACT was the \"host\" jurisdiction for the old cooperative scheme, it needed extra rules:\n- **Old court cases** that were already underway when the new law started could keep going under the old rules — your rights in existing legal proceedings were protected.\n- **Old rights and liabilities** (legal obligations you had under the old law) were either carried over into the new law or, where the new law created an equivalent, the old ones were cancelled to avoid double-counting.\n- **Companies being wound up** (shut down through a formal legal process) before January 1991 continue to be wound up under the even older *Companies Act 1981* rules.\n\n### 4. Handles unfinished court proceedings nationally\nFor court cases that were part of the old national cooperative scheme across all States and Territories (not just the ACT), it clarifies that Commonwealth agencies like ASIC (the Australian Securities and Investments Commission — Australia's corporate regulator) and the Australian Federal Police can still exercise their powers to finish those cases.\n\n### 5. Manages the timing carefully\nBecause this law interacts with many other laws being passed at the same time (covering superannuation, financial data, gambling, workplace relations, and privacy), different parts of it \"switch on\" at different times depending on when those other laws commenced.\n\n## Who does this affect?\n\n- **Businesses and companies** registered under the old system — their registration, rights, and obligations carried over automatically.\n- **People involved in court cases** under the old corporations or ASIC laws — their proceedings could continue.\n- **ASIC and other government agencies** — their powers and responsibilities in ongoing matters were preserved.\n- **Lawyers and courts** — they needed to know which set of rules applied to each situation.\n\n## Why does it matter?\n\nWithout this Act, the switch to the new *Corporations Act 2001* could have created chaos: old court cases might have collapsed, existing company obligations might have disappeared overnight, and hundreds of other laws referring to the old system would have become broken. This Act prevented all of that."},"issue_detection":{"absurdities":[{"type":"retroactive_impossibility","section":"s 2(1), (2), (3), (11), (14)","severity":"medium","reasoning":"The phrase 'commences, or is taken to have commenced' is a legal fiction designed to handle cases where the Corporations Act 2001 commenced before this Act's assent. However, the Act was assented to on 28 June 2001, the same day as the Corporations Act 2001. If the Corporations Act commenced simultaneously or before assent of this Act, provisions of this Act which purport to repeal or amend other Acts could not logically have operated at the moment of commencement — a repealing Act cannot repeal before it exists.","confidence":0.65,"description":"Retroactive commencement language creates temporal paradox: the Act 'commences, or is taken to have commenced' at the same time as the Corporations Act 2001. This formulation means the Act purports to have legal effect before it was assented to (28 June 2001), which is logically impossible — an Act cannot actually commence before it receives Royal Assent."},{"type":"self_contradicting","section":"s 2(12) and s 2(13)","severity":"high","reasoning":"The two subsections are exhaustive and mutually exclusive only if one assumes the ART Parts either pre-date or post-date the Corporations Act commencement. Simultaneous commencement creates a third state not addressed by either subsection. In that scenario: (12) is not engaged (ART Parts did not commence 'before'), (13) is not engaged (ART Parts did not commence 'before' the Corporations Act), yet (11) says Schedule 4 commences subject to (12) — it is unclear whether Schedule 4 commences or not, and Schedule 5 has no operative provision at all.","confidence":0.78,"description":"The provisions governing Schedules 4 and 5 contain a potential gap: if Parts 4 to 10 of the Administrative Review Tribunal Act 2001 commenced at exactly the same time as the Corporations Act 2001 (i.e. simultaneously, not 'before'), neither subsection (12) nor subsection (13) is triggered. Subsection (12) requires the ART Parts to 'not have commenced before' the Corporations Act, and subsection (13) requires them to 'have commenced before'. Simultaneous commencement satisfies neither condition, leaving the status of Schedule 4 and Schedule 5 undefined."},{"type":"impossible_compliance","section":"s 2(8)","severity":"low","reasoning":"All other Schedule 3 item commencement provisions in subsections (4)-(7) and (9)-(10) use the 'later of' formula to ensure the item at minimum commences with the Corporations Act 2001. Subsection (8) is the sole exception, making Item 438 entirely dependent on an external Act's schedule item with no fallback, creating asymmetry and a possible permanent non-commencement.","confidence":0.72,"description":"Item 438 of Schedule 3 is made to commence at the same time as item 35 of Schedule 1 to the Privacy Amendment (Private Sector) Act 2000 — with no 'later of' safety net. If that Privacy Act item never commences (e.g. is itself contingent on something that never occurs), item 438 of Schedule 3 never commences, which could create a permanent gap in the amendments this Act is intended to make."},{"type":"impossible_compliance","section":"s 9(2)(b) (Division 2 of Part 3)","severity":"medium","reasoning":"The NCSC (National Companies and Securities Commission) ceased to exist when ASIC was created in 1991. The carve-out in s 9(2)(b) — preserving references to the NCSC for pre-commencement times — means no existing body has authority to act as the NCSC for matters that arose before 1 January 1991 in ongoing windings up. This is effectively a dead letter for any NCSC-specific power or function.","confidence":0.7,"description":"Section 9(2)(b) requires that for winding up proceedings started before 1 January 1991, the Companies Act 1981 applies as if references to the 'NCSC' are references to ASIC — but only 'except in relation to a time before that commencement'. This means that for matters arising before 1 January 1991, ASIC is not substituted for the NCSC. The NCSC was abolished in 1991. A provision that continues to apply a repealed Act but references a defunct, non-existent body for pre-1991 matters creates an impossible compliance scenario: there is no entity capable of exercising the NCSC's functions for those historical periods."},{"type":"self_contradicting","section":"s 10(2)","severity":"high","reasoning":"Schedule 1, Part 2, Item 3 of this Act repeals the Companies Act 1981 in its entirety. Section 10(2) of the same Act directs that certain money be dealt with according to section 427 of that now-repealed Act. While section 11(1) provides a savings mechanism for the application of repealed Acts to specific matters, the interaction is deeply circular — the Act preserves the effect of a provision it expressly repeals, without any clear mechanism specifying that section 427 is preserved for this purpose.","confidence":0.75,"description":"Section 10(2) directs that 'relevant money' in the Companies Liquidation Account is to be dealt with 'in accordance with section 427 of the Companies Act 1981' — a wholly repealed Act (repealed by Schedule 1 Part 2 Item 3 of this very Act). The Act thus creates an obligation by reference to a provision it simultaneously repeals."},{"type":"retroactive_impossibility","section":"s 11(2)","severity":"low","reasoning":"The deeming provision in s 11(2) is designed to trigger the savings in s 11(1). However, it creates an odd temporal fiction: a dissolution that occurred, say, in 1985 is 'taken to have' been governed by the Companies Act 1981 immediately before 2001. This is logically strained — the company had already ceased to exist for 16 years, and deeming a law to have 'applied' to a completed historical event at a later hypothetical point in time is conceptually incoherent.","confidence":0.55,"description":"Section 11(2) deems the Companies Act 1981 to have applied to the dissolution of a company immediately before the Corporations Act commencement (2001), even if the company was dissolved before the Corporations Law commencement (1 January 1991). This is a legal fiction that retrospectively applies law to a point in time (immediately before 2001) for an event (dissolution) that may have occurred decades earlier — treating historical facts as if they existed at a different point in time for the purpose of a different provision."},{"type":"other","section":"s 13(2) and s 13(3)","severity":"low","reasoning":"The asymmetry between ASIC and all other Commonwealth authorities is intentional in design but creates a logical tension: the section grants immunity from duty to all agencies except the primary regulatory body, which may itself face competing obligations or resource constraints that make full exercise of all transitional functions practically impossible.","confidence":0.5,"description":"Section 13(2) provides that Commonwealth authorities and officers are not subject to directions and are not under a duty in relation to transitional national scheme functions. Section 13(3) then carves out ASIC entirely from subsection (2). The combined effect is that ASIC — unlike all other Commonwealth authorities — remains subject to directions and duties regarding these functions. However, the Note references s 271(2) of the ASIC Act as governing ASIC's position. If ASIC is excluded from the 'no duty' rule, it could be interpreted as being under an absolute duty to exercise transitional functions, with no discretion — an onerous and arguably unintended consequence."},{"type":"other","section":"Entire Act — structural","severity":"high","reasoning":"An Act that contains duplicate provisions without specifying which controls creates fundamental uncertainty. Courts would struggle to determine the operative text. This is absurd from a rule-of-law standpoint, though in practice this appears to be a document rendering artifact rather than a genuine legislative drafting failure.","confidence":0.4,"description":"The document as presented repeats the entire text of the Act multiple times verbatim (at least three complete repetitions of the preamble, Parts 1-5, and all sections), interspersed with partial section headings. While this is likely a formatting/rendering error in the document provided for analysis, if this were the actual enrolled Act, it would mean multiple conflicting instances of each provision exist simultaneously within the same instrument, with no mechanism for determining which iteration prevails."}],"contradictions":[{"severity":"high","section_a":"s 2(11)","section_b":"s 2(12)(a)","confidence":0.85,"description":"Section 2(11) states Schedule 4 'commences, or is taken to have commenced, at the same time as the Corporations Act 2001' (subject to subsection (12)). Section 2(12)(a) then provides that if Parts 4 to 10 of the Administrative Review Tribunal Act 2001 had not commenced before the Corporations Act commences, Schedule 4 'does not commence'. These provisions directly contradict each other: (11) asserts Schedule 4 commences with the Corporations Act; (12)(a) asserts it does not commence at all in the same factual scenario."},{"severity":"medium","section_a":"s 6(2)","section_b":"s 7(1)(c) and s 7(1)(d)","confidence":0.7,"description":"Section 6(2) terminates at the relevant time any proceeding that was a proceeding to which s 1383 of the new Corporations Act or s 267 of the new ASIC Act applies. Section 7 then purports to apply to proceedings that are NOT proceedings to which ss 1383/1384 or 267/268 apply (per s 7(1)(c)) and that had not been concluded or terminated before the relevant time (per s 7(1)(d)). However, s 7(3) then operates to terminate orders covered by s 1383(5) or s 267(5), even within proceedings ostensibly governed by s 7. This creates a potential overlap: a proceeding excluded from s 6(2) by virtue of not satisfying s 1383 criteria may nonetheless have an order within it terminated by s 7(3) by reference to s 1383(5) — introducing the very provision (s 1383) that s 7(1)(c) was meant to exclude."},{"severity":"high","section_a":"Schedule 1, Part 2, Item 3 (repeal of Companies Act 1981)","section_b":"s 9(2), s 10(2), s 11(1)","confidence":0.8,"description":"Schedule 1, Part 2, Item 3 repeals the Companies Act 1981 in its entirety. Sections 9(2), 10(2) and 11(1) of the same Act continue to apply the Companies Act 1981 to ongoing winding up matters, direct that money be dealt with under s 427 of that Act, and preserve its application to dissolved companies. The Act thus both repeals and simultaneously relies upon the operative provisions of the Companies Act 1981, without any express savings provision within the repealing Schedule itself to resolve this conflict."},{"severity":"high","section_a":"s 2(12)(b)","section_b":"s 2(13)","confidence":0.78,"description":"These two subsections together fail to address the scenario where Parts 4 to 10 of the Administrative Review Tribunal Act 2001 commence simultaneously with (rather than before or after) the Corporations Act 2001. Subsection (12) is triggered only where the ART Parts 'have not commenced before' the Corporations Act — simultaneous commencement does not satisfy this. Subsection (13) is triggered only where the ART Parts 'have commenced before' the Corporations Act — again, simultaneous commencement does not satisfy this. The result is that neither Schedule 4 nor Schedule 5 has a defined commencement status in the case of simultaneous commencement, leaving a gap between the two contradictory contingencies."},{"severity":"low","section_a":"s 13(1)(a)","section_b":"s 13(2)(b)","confidence":0.6,"description":"Section 13(1)(a) provides that Commonwealth authorities and officers 'have the transitional national scheme functions and powers'. Section 13(2)(b) then provides that the same authorities and officers 'are not under a duty to perform or exercise' those very functions and powers. This creates an internal contradiction: an authority 'has' a function but is simultaneously under no duty to exercise it — effectively rendering the conferral of the function in s 13(1)(a) meaningless as an operative obligation for all agencies except ASIC."}]},"kimi_summary":{"_metrics":{"completionTokens":624},"content_quality":"ok","complexity_score":8,"scope_assessment":{"changed":false,"description":"The legislation remains focused on its original purpose of repealing old corporations legislation, updating consequential references, and managing transitional arrangements. The extensive amendments to other Acts are necessary consequences of the core purpose, not an expansion beyond it."},"complexity_factors":["Extensive cross-referencing: updates references in 100+ other Commonwealth Acts","Multiple contingent commencement dates: 14 subsections in section 2 alone dealing with when different provisions start","Complex transitional arrangements for ACT with nested definitions of 'old' and 'new' legislation","Conditional operation of Schedules 4 and 5 depending on whether Administrative Review Tribunal Act has commenced","Duplicated content in the provided text (appears to be multiple versions of same provisions)","Technical amendment structure: hundreds of individual items replacing specific words and phrases","Interaction between three layers of legislation: old state laws, new Commonwealth laws, and this transitional Act"],"plain_english_summary":"**What this legislation does**\n\nThis Act is a **housekeeping and transitional law** that supports the introduction of Australia's new national corporations regime in 2001. It has three main jobs:\n\n**1. Repeals old laws**\n- Scraps the old state-based Corporations Law and related legislation (Companies Act 1981, Securities Industry Act 1980, etc.)\n- Repeals the Corporations Act 1989 and ASIC Act 1989\n\n**2. Updates hundreds of references across other laws**\n- Changes every mention of \"Corporations Law\" or \"Companies Act 1981\" in other Commonwealth legislation to \"Corporations Act 2001\"\n- Updates references to the old Australian Securities and Investments Commission Act 1989 to the new 2001 Act\n- Affects dozens of laws including tax, banking, bankruptcy, superannuation, and industry-specific legislation\n\n**3. Manages the transition**\n- **For the ACT**: Special rules ensure court cases, winding-up proceedings, and existing rights/liabilities under the old ACT laws continue or transfer appropriately\n- **For Commonwealth agencies**: Clarifies that agencies like the Federal Police and AAT can perform transitional functions under state/territory laws during the changeover\n- **Timing**: Most provisions start when the Corporations Act 2001 starts, but some items are delayed until related laws (like the Interactive Gambling Act or Administrative Review Tribunal Act) commence\n\n**Who it affects**\n- Anyone involved in company law, securities regulation, or corporate insolvency\n- Commonwealth and ACT government agencies\n- Courts handling corporate matters\n\n**Why it matters**\nWithout this Act, Australia's switch from state-based to national corporations law would leave legal gaps, broken cross-references, and uncertainty about ongoing court cases and corporate obligations."},"flash_summary":{"complexity_score":9,"scope_assessment":{"changed":false,"description":"The Act's scope remains consistent with its original purpose: to repeal old corporations laws, make consequential amendments, and provide transitional arrangements for the shift to the new Commonwealth corporations regime. It has not expanded beyond that function."},"complexity_factors":["Length: Over 100 pages of detailed schedules and amendments.","Dense cross-referencing: Relies heavily on sections of the Corporations Act 2001, ASIC Act 2001, and dozens of other Acts.","Conditional commencement: Many parts start only when other federal Acts commence (e.g., Interactive Gambling Act 2001, Privacy Amendment Act 2000).","Multiple schedules: 6 schedules with hundreds of items, each amending a different Act.","Voluminous defined terms: Over 30 complex definitions in Part 3 alone (e.g., 'carried over provision', 'pre-commencement right or liability').","Nested exceptions: For example, the definition of 'corresponds' has multiple subparagraphs listing what counts as 'substantially the same'.","Transitional logic: Rules for extinguishing rights, terminating proceedings, and preserving orders are intricately linked to other Acts' provisions.","Interdependent commencement: Some schedules only take effect if other legislation has or hasn't commenced, creating multiple scenarios."],"plain_english_summary":"This Act is a housekeeping law that comes into effect at the same time as the new Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001. It does three main things:\n\n- **Repeals old laws**: It cancels the previous Corporations Act 1989 and the older co-operative scheme Acts (like the Companies Act 1981) that used to govern companies in Australia.\n\n- **Updates references**: It goes through over 100 other federal laws and changes every mention of 'Corporations Law' or 'Companies Act 1981' to 'Corporations Act 2001', so all laws refer to the new system consistently.\n\n- **Smooth transition**: It makes sure that rights, obligations, and court cases that started under the old laws continue under the new ones without disruption. For example, if a company was being wound up under the old Companies Act, it keeps going under the new Act. The Act also has special rules for the Australian Capital Territory (ACT) because it had its own version of the old law.\n\n**Who does it affect?** Anyone dealing with companies – directors, shareholders, creditors, lawyers, and regulators – because it ensures the switch from old to new corporate laws happens without gaps or confusion.\n\n**Why does it matter?** Without this Act, there would be legal chaos: old cases might stop, references in other laws would be broken, and the new system wouldn't work properly. It's the legal glue that makes the new corporations regime stick."}},"importantCases":[],"_links":{"self":"/api/acts/corporations-repeals-consequentials-and-transitionals-act-2001","history":"/api/acts/corporations-repeals-consequentials-and-transitionals-act-2001/history","analysis":"/api/acts/corporations-repeals-consequentials-and-transitionals-act-2001/analysis","conflicts":"/api/acts/corporations-repeals-consequentials-and-transitionals-act-2001/conflicts","importantCases":"/api/acts/corporations-repeals-consequentials-and-transitionals-act-2001/important-cases","documents":"/api/acts/corporations-repeals-consequentials-and-transitionals-act-2001/documents"}}