51Power to hold hearings

51 Power to hold hearings

(1) The Commission may hold hearings for the purposes of the performance or exercise of any of its functions and powers under a national scheme law of this jurisdiction, other than a function or power conferred on it by Division 1 of this Part or by section 657C or 657G of the Corporations Law. (2) Where: (a) immediately before the commencement of this section, the NCSC was holding a hearing, under a relevant previous law of this jurisdiction, in relation to a matter; and (b) subsection (1) empowers the Commission to hold a hearing in relation to that matter; then: (c) the Commission may continue the NCSC’s hearing, so far as it relates to that matter; and (d) the hearing, as continued by the Commission, is taken to be a hearing under subsection (1).