122Staff seconded to ASIC

#### 122 Staff seconded to ASIC In addition to the other staff members, officers and employees of Agencies (within the meaning of the Public Service Act 1999), and of authorities of the Commonwealth, whose services are made available to ASIC in connection with the performance or exercise of any of its functions or powers are to assist ASIC. 2 Subsection 254(1) Insert: > old corporations legislation has the meaning given by subsection 1371(1) of the Corporations Act 2001. 3 Subsection 255(4) Repeal the subsection, substitute: (4) In this section: > State validation Act means an Act of a State in this jurisdiction under which certain administrative actions (within the meaning of that Act) taken, or purportedly taken, at or before the commencement by Commonwealth authorities or officers of the Commonwealth (within the meaning of that Act) pursuant to functions or powers (the relevant functions or powers) conferred, or purportedly conferred, by or under laws that include the old application Act for that State have, and are deemed always to have had, the same force and effect for all purposes as they would have had if: (a) they had been taken, or purportedly taken by a State authority or officer of the State (within the meaning of that Act); and (b) the relevant functions or powers had been duly conferred on those authorities or officers. 4 Subsection 266(1) (after paragraph (c) of the definition of federal ASIC proceeding) Insert: (ca) a proceeding in relation to a matter to which a provision of the old ASIC legislation of the Commonwealth, a State in this jurisdiction or the Northern Territory applied: (i) in which the Commonwealth was seeking an injunction or a declaration; or (ii) to which the Commonwealth, or a person suing or being sued on behalf of the Commonwealth, was a party; (cb) any other proceeding in relation to a matter to which a provision of the old ASIC legislation of a State in this jurisdiction applied that was in the exercise of federal jurisdiction; (cc) any other proceeding in relation to a matter to which a provision of the old ASIC legislation of the Northern Territory applied that would be covered by paragraph (cb) if the Northern Territory had been a State; (cd) any other proceeding under the old ASIC legislation of the Commonwealth that was in the exercise of federal jurisdiction; 5 After section 268 Insert: