Corporations (Administrative Actions) Act 2001
4Application and operation of Act
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4 Application and operation of Act
4 Application and operation of Act
(1) This Act binds the Crown in right of New South Wales and, in so far as the legislative power of the Parliament of New South Wales permits, the Crown in all its other capacities.
(2) This Act has effect despite any provision of the Corporations (New South Wales) Act 1990 or of the applicable provisions (as defined in that Act) of the State.
(3) Subject to subsection (4), this Act extends to rights or liabilities arising between parties to proceedings initiated at or before the commencement time where an allegedly invalid administrative action is or was the subject of or relevant to the proceedings.
(4) This Act does not affect rights or liabilities arising between parties to proceedings heard and finally determined at or before the commencement time to the extent to which those rights or liabilities arise from, or are affected by, an invalid administrative action.