CTHRepealedAct
Australian Securities and Investments Commission Act 1989
6ELiabilities etc. imposed on Commonwealth by other ASC Laws
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#### 6E Liabilities etc. imposed on Commonwealth by other ASC Laws
(1) Where Part 16 of the ASIC Law of another jurisdiction is expressed to transfer liabilities of the NCSC to the Commonwealth, those liabilities become liabilities of the Commonwealth by force of this subsection.
(2) Where Part 16 of the ASIC Law of another jurisdiction is expressed to make the Commonwealth a party to pending proceedings, the Commonwealth becomes a party to those proceedings by force of this subsection.
(3) Where Part 16 of the ASIC Law of another jurisdiction is expressed to create a right of action against the Commonwealth, that right against the Commonwealth is created by this subsection.