56Exercise of jurisdiction pursuant to cross‑vesting provisions

#### 56 Exercise of jurisdiction pursuant to cross‑vesting provisions (1) Nothing in this or any other Act is intended to override or limit the operation of a provision of a law of a State or Territory relating to cross‑vesting of jurisdiction with respect to matters arising under the Corporations Law of the State or Territory. (2) The Federal Court or the Family Court may: (a) exercise jurisdiction (whether original or appellate) conferred on it by a law of the Northern Territory corresponding to this Division with respect to matters arising under the Corporations Law of the Northern Territory; and (b) hear and determine a proceeding transferred to it under such a provision. (3) A court of the Capital Territory may: (a) exercise jurisdiction (whether original or appellate) conferred on it by a law of a State corresponding to this Division with respect to matters arising under the Corporations Law of a State; and (b) hear and determine a proceeding transferred to it under such a provision.