47Exercise of jurisdiction pursuant to cross-vesting provisions

47 Exercise of jurisdiction pursuant to cross-vesting provisions

47 Exercise of jurisdiction pursuant to cross-vesting provisions

A court of New South Wales may—

(a) exercise jurisdiction (whether original or appellate) conferred on it by a law of another State or the Capital Territory corresponding to this Division with respect to matters arising under the Corporations Law of that State or Territory, and

(b) hear and determine a proceeding transferred to it under such a provision.

s 47: Am 1995 No 20, Sch 1 (15) (16).