South Australia act

Corporations (South Australia) Act 1990

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Jurisdiction

South Australia

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act

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This Act applies Commonwealth Corporations and ASIC law in South Australia, authorising national bodies (ASIC, the Panel, Disciplinary Board) to enforce, investigate and administer those laws locally and to collect fees, levies and fines. It reallocates jurisdiction between State and Federal courts, affects companies, officers, exchanges and members, and centralises regulatory rules and enforcement—creating uniform national regulation but shifting compliance costs and litigation routes.

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What it does

The Corporations (South Australia) Act 1990 establishes the legal machinery by which South Australia participates in the national corporations regulatory scheme. At its core, the Act applies the Corporations Law set out in section 82 of the former Corporations Act 1989 (Cth) as a law of South Australia (s 7(a)). The same provision allows that applied law to be cited as the Corporations Law of South Australia. Parallel application occurs for regulations made under the former section 22 of the Corporations Act (s 8(1)), which become the Corporations Regulations of South Australia.

A parallel mechanism in Part 11 applies the Australian Securities and Investments Commission Act 1989 (Cth) (excluding specified Parts) as the ASIC Law of South Australia (s 58(1)), with associated regulations becoming the ASIC Regulations of South Australia (s 59). These application provisions are not mere formalities; they trigger a cascade of interpretive, jurisdictional and administrative consequences that treat the applied provisions as forming part of a single national law.

The Act then supplies rules for citation and interpretation. Section 11 permits shorthand references to the Corporations Law or Corporations Regulations of South Australia, while section 13 contains an object clause designed to ensure that a generic reference to “the Corporations Law” in any South Australian instrument is read as referring both to the South Australian version and, separately, to the version in every other jurisdiction (subject to contrary intention). Equivalent rules appear for the ASIC Law in sections 63 and 65. These citation rules are reinforced by interpretation provisions (ss 9, 10, 60, 62) that apply the Commonwealth Acts Interpretation Act 1901 (in the form frozen at particular dates) rather than the South Australian equivalent.

Part 4 clarifies the position of the Crown. Chapter 5 (except Part 5.8) of the Corporations Law of South Australia binds the Crown in all its capacities so far as legislative power permits (s 15(1)), but Chapters 6–6D bind only the Commonwealth Crown (s 15(1a)). Chapter 7 does not bind the Crown at all (s 15(2)). The Crown enjoys immunity from prosecution (s 17) and the Part overrides any prerogative rights (s 18). Part 5 requires Commonwealth Ministerial application orders under the applied Corporations Law to have State Ministerial consent (s 19).

Current sections

Direct links to the current provisions in Corporations (South Australia) Act 1990.

Part 1

Preliminary

Part 1—Preliminary 1—Short title and purposes (1) This Act may be cited as the Corporations (South Australia) Act 1990. (2) The purposes of this Act are— (a) to apply certain provisions of the Corporations Act 1989 of the Commonwealth and the Australian Securities and Investments Commission Act 1989 of the Commonwealth and of regulations under those Acts as laws of South Australia; and (b) to apply certain other laws of the Commonwealth as laws of South Australia for the purpose of the administration and enforcement of the law relating to corporations, the securities industry, the futures industry and some other matters. 3—Definitions (1) In this Act— applicable provision, in relation to a jurisdiction, means a provision of— (a) the Corporations Law, or Corporations Regulations, of that jurisdiction; or (b) the ASIC Law, or ASIC Regulations, of that jurisdiction; or (c) in the case of the Capital Territory—a Commonwealth law as applying, of its own force or because of another Commonwealth law, in relation to— (i) an offence against; (ii) an act, matter or thing arising under or in respect of, a provision that, because of any other application or applications of this definition, is an applicable provision of the Capital Territory or any other jurisdiction; or (d) in the case of a jurisdiction other than the Capital Territory—a Commonwealth law as applying, because of a law of that jurisdiction, in relation to— (i) an offence against; or (ii) an act, matter or thing arising under or in respect of, a provision that, because of any other application or applications of this definition, is an applicable provision of that or any other jurisdiction; ASIC Act means the Australian Securities and Investments Commission Act 1989 of the Commonwealth; ASIC Law has the meaning given by Part 11; ASIC Law of South Australia means the provisions applying by reason of section 58; ASIC Regulations has the meaning given by Part 11; ASIC Regulations of South Australia means the provisions applying by reason of section 59; authority, in relation to the Commonwealth, has the same meaning as in Part 8 of the Corporations Act; Capital Territory means the Australian Capital Territory and the Jervis Bay Territory; Commission means the Australian Securities and Investments Commission; Commonwealth administrative laws means the following: (a) the Administrative Review Tribunal Act 2024 of the Commonwealth (excluding Part 7); (c) the Freedom of Information Act 1982 of the Commonwealth; (d) the Ombudsman Act 1976 of the Commonwealth; (e) the Privacy Act 1988 of the Commonwealth, and the provisions of the regulations in force for the time being under those Acts; Commonwealth authority means an authority or body (whether incorporated or not) that is established or continued in existence by or under an Act of the Commonwealth; Commonwealth law means any of the written or unwritten laws of the Commonwealth, including laws about the exercise of prerogative powers, rights and privileges, other than the Corporations Law of the Capital Territory, the ASIC Law of the Capital Territory or provisions prescribed, for the purposes of the definition of Commonwealth law in section 4 of the Corporations Act, by regulations under section 73 of the Corporations Act; Commonwealth Minister has the meaning given to "the Minister" by section 80A(2) of the Corporations Law; co-operative scheme law has the meaning given by section 84; Corporations Act means the Corporations Act 1989 of the Commonwealth; Corporations Law has the meaning given by Part 3; Corporations Law of South Australia means the provisions applying by reason of section 7; Corporations Regulations has the meaning given by Part 3; Corporations Regulations of South Australia means the provisions applying by reason of section 8; corresponding law means— (a) an Act of a jurisdiction (other than South Australia) that corresponds to this Act; or (b) regulations made under such an Act; or (c) the Corporations Law, Corporations Regulations, ASIC Law, or ASIC Regulations, or any other applicable provision, of such a jurisdiction; or (d) rules of court made because of such an Act; Federal Court means the Federal Court of Australia; Full Court, in relation to a Supreme Court of a State or Territory, includes any court of the State or Territory to which appeals lie from a single judge of that Supreme Court; jurisdiction means a State or the Capital Territory; law, in relation to the Capital Territory, means a law of or in force in the Capital Territory; Minister for this jurisdiction means the Minister; modifications includes additions, omissions and substitutions; national scheme law has the meaning given by section 60; national scheme law of this jurisdiction means— (a) this Act; or (b) the Corporations Law of South Australia; or (c) the ASIC Law of South Australia; NCSC means the National Companies and Securities Commission; officer, in relation to the Commonwealth, has the same meaning as in Part 8 of the Corporations Act; officer of the Commonwealth has the same meaning as in section 75(v) of the Constitution of the Commonwealth of Australia; State includes the Northern Territory; State Family Court, in relation to a State, means a court of that State to which section 41 of the Family Law Act 1975 of the Commonwealth applies because of a proclamation made under section 41(2) of that Act; Territory does not include the Northern Territory; this jurisdiction means South Australia. (2) In this Act, a reference to a Commonwealth Act includes a reference to— (a) that Commonwealth Act as amended and in force for the time being; and (b) an Act passed in substitution for that Act. 4—Australian Capital Territory For the purposes of the national scheme laws of this jurisdiction, the Jervis Bay Territory is taken to be part of the Australian Capital Territory. 5—This Act and applicable provisions of South Australia not to be affected by later State laws (1) An Act enacted, or an instrument made under an Act, after the commencement of this section is not to be interpreted as amending or repealing, or otherwise altering the effect or operation of, this Act or the applicable provisions of South Australia. (2) Subsection (1) does not affect the interpretation of an Act, or of an instrument made under an Act, so far as that Act provides expressly for that Act or instrument, as the case may be, to have effect despite a specified provision, or despite any provision, of this Act or the applicable provisions of South Australia. 6—Operation of other South Australian Laws Except as otherwise provided in this Act, nothing in this Act or the applicable provisions of South Australia affects the operation after the commencement of this section of an Act enacted before that commencement or of an instrument made under such an Act.

Part 2

The Corporations Law, and the Corporations Regulations, of South Australia

Part 2—The Corporations Law, and the Corporations Regulations, of South Australia 7—Application in South Australia of the Corporations Law The Corporations Law set out in section 82 of the Corporations Act as in force immediately before the repeal of that section— (a) applies as a law of South Australia; and (b) as so applying, may be referred to as the Corporations Law of South Australia. 8—Application of regulations (1) The regulations in force immediately before the repeal of the Corporations Act under section 22 of that Act— (a) apply as regulations in force for the purposes of the Corporations Law of South Australia; and (b) as so applying, may be referred to as the Corporations Regulations of South Australia. (2) Subject to subsection (3) of this section, where regulations under section 22 of the Corporations Act take effect from a specified day that is earlier than the day when they are notified in the Commonwealth of Australia Gazette under section 48(1) of the Acts Interpretation Act 1901 of the Commonwealth, subsection (1) of this section has effect, and is taken always to have had effect, as if those regulations had taken effect under the Corporations Act from the specified day. (3) To the extent that a provision of the Corporations Regulations of South Australia is taken because of a particular application of subsection (2) to have effect, or to have had effect, before the day of notification of the regulations referred to in that subsection, the provision does not operate so as to— (a) affect a private person's rights as at that day so as to disadvantage that person; or (b) impose a liability on a private person in respect of anything done or omitted to be done before that day. (4) In subsection (3)— private person means a person other than— (a) the Commonwealth, a State or the Capital Territory; or (b) an authority of the Commonwealth, of a State or of the Capital Territory. (5) Subsection (3) does not affect any other operation that the provision has because of subsection (2) or otherwise. 9—Interpretation of some expressions in the Corporations Law, and the Corporations Regulations, of South Australia In the Corporations Law, and the Corporations Regulations, of South Australia— the Minister for this jurisdiction means the Minister; this jurisdiction means South Australia. 10—Interpretation law (1) Subject to Part 1.2 of the Corporations Law of South Australia, the Acts Interpretation Act 1901 of the Commonwealth as in force at the commencement of section 8 of the Corporations Act, applies as a law of South Australia in relation to the Corporations Law, and the Corporations Regulations, of South Australia and any instrument made, granted or issued under that Law or those Regulations (other than application orders under section 111A of that Law) and so applies as if that Law were an Act of the Commonwealth and those Regulations or instruments were regulations or instruments made under such an Act. (2) The Acts Interpretation Act 1915 does not apply in relation to the Corporations Law, or the Corporations Regulations, of South Australia or an application order or any other instrument made, granted or issued under that Law or those Regulations.

Part 3

Citing the Corporations Law and the Corporations Regulations

Part 3—Citing the Corporations Law and the Corporations Regulations 11—Simpler citation of Corporations Law, and Corporations Regulations, of South Australia (1) The Corporations Law of South Australia may be referred to simply as the Corporations Law. (2) The Corporations Regulations of South Australia may be referred to simply as the Corporations Regulations. (3) This section has effect subject to section 13. 12—References to Corporations Law, and Corporations Regulations, of other jurisdictions (1) This section has effect for the purposes of an Act, a law of South Australia or an instrument made under an Act or under such a law. (2) Where a law of a jurisdiction other than South Australia that corresponds to section 7 of this Act provides that the Corporations Law set out in section 82 of the Corporations Act applies as law of that jurisdiction, the Corporations Law of that jurisdiction is the Corporations Law so set out, applying as law of that jurisdiction. (3) Where a law of a jurisdiction other than South Australia that corresponds to section 8 of this Act provides that the regulations under section 22 of the Corporations Act apply for the purposes of the Corporations Law of that jurisdiction, the Corporations Regulations of that jurisdiction are those regulations as so applying. 13—References to Corporations Law and Corporations Regulations (1) The object of this section is to help ensure that the Corporations Law of South Australia operates, so far as possible, as if that Law, together with the Corporations Law of each jurisdiction other than South Australia, constituted a single national Corporations Law applying of its own force throughout Australia. (2) Subject to this section, a reference in an instrument to the Corporations Law, or to the Corporations Regulations, is to be taken, for the purposes of the laws of South Australia— (a) to be a reference to the Corporations Law, or to the Corporations Regulations, of South Australia; and (b) to include a separate reference to the Corporations Law, or to the Corporations Regulations, of each jurisdiction other than South Australia. (3) Subsection (2) has effect except so far as the contrary intention appears in the instrument, or the context of the reference otherwise requires. (4) Without limiting subsection (3), subsection (2) does not apply in relation to a reference expressed as a reference to the Corporations Law, or to the Corporations Regulations, of a jurisdiction. instrument means— (a) an Act or an instrument made under an Act; or (b) a law of South Australia or an instrument made under such a law; or (c) an award or other industrial determination or order, or an industrial agreement; or (d) any other order (whether executive, judicial or otherwise); or (e) a notice, certificate or licence; or (f) an agreement; or (g) an application made, information laid, affidavit sworn, or warrant issued, for any purpose; or (h) an indictment, presentment, summons or writ; or (i) any other pleading in, or process issued in connection with, a legal or other proceeding; or (j) any other document whatever.

Part 4

Application of the Corporations Law to the Crown

Part 4—Application of the Corporations Law to the Crown 14—Interpretation To avoid doubt, a reference in this Part to the Crown in a particular right includes a reference to an instrumentality or agency (whether a body corporate or not) of the Crown in that right. 15—Corporations Law of South Australia (1) Chapter 5 (except Part 5.8) of the Corporations Law of South Australia binds the Crown not only in right of the State of South Australia but also, so far as the legislative power of the Parliament permits, the Crown in right of the Commonwealth, of each of the other States, of the Capital Territory, of the Northern Territory and of Norfolk Island. (1a) Chapters 6, 6A, 6B, 6C and 6D of the Corporations Law of South Australia— (a) bind the Crown in right of the Commonwealth so far as the legislative power of the Parliament permits; but (b) do not bind the Crown in right of the State of South Australia, of any other State, of the Capital Territory, of the Northern Territory or of Norfolk Island. (2) To avoid doubt, Chapter 7 of the Corporations Law of South Australia does not bind the Crown in right of the State of South Australia, of the Commonwealth, of any other State, of the Capital Territory, of the Northern Territory or of Norfolk Island. 16—Corporations Law of other jurisdictions

Part 5

(except Part 5.8) of the Corporations Law of each jurisdiction other than South Australia binds the Crown in right of the State of South Australia.

Chapter 5 (except Part 5.8) of the Corporations Law of each jurisdiction other than South Australia binds the Crown in right of the State of South Australia. 17—Crown not liable to prosecution Nothing in this Part, or in the Corporations Law, renders the Crown in any right liable to be prosecuted for an offence. 18—This Part overrides the prerogative Where, because of this Part, a provision of a law of another jurisdiction binds the Crown in right of the State of South Australia, the Crown in that right is subject to that provision despite any prerogative right or privilege. Part 5—Application orders 19—Commonwealth Minister to obtain consent of State Minister Despite Part 1.3 of the Corporations Law of South Australia and section 20 of this Act, the Commonwealth Minister may only make an order under section 111A of that Law, or that section as applying because of section 20 of this Act, with the consent of the Minister for this jurisdiction. 20—Application orders for ASIC Law Part 1.3 of the Corporations Law of South Australia applies for the purposes of the ASIC Law of South Australia as if the provisions of the ASIC Law of South Australia were provisions of the Corporations Law of South Australia.

Part 7

Imposition of fees and taxes

Part 7—Imposition of fees and taxes 22—Fees (including taxes) for chargeable matters This section imposes the fees (including fees that are taxes) that the Corporations Regulations of South Australia prescribe. 23—Contributions and levies for fidelity funds of securities exchanges (1) This section imposes— (a) the contribution payable under section 902(1) of the Corporations Law of South Australia by a person who wishes to be admitted to membership of a securities exchange, or to a partnership in a member firm recognised by a securities exchange; and (b) the annual contribution payable under section 902(2) of that Law by a member of a securities exchange; and (c) any levy payable under section 904 of that Law by a member of a securities exchange. (2) An expression has in subsection (1) the meaning it would have if this section were in Part 7.9 of the Corporations Law of South Australia. 24—Levies for National Guarantee Fund This section imposes any levy that is payable under section 938, 940 or 941 of the Corporations Law of South Australia. 25—Contributions and levies for fidelity funds of futures organisations (1) This section imposes— (a) the contribution payable under section 1234(1) of the Corporations Law of South Australia by a person who wishes to be admitted to membership of a futures organisation; and (b) the annual contribution payable under section 1234(2) of that Law by a contributing member of a futures organisation; and (c) any levy payable under section 1235 of that Law by a contributing member of a futures organisation. (2) An expression has in subsection (1) the meaning it would have if this section were in Part 8.6 of the Corporations Law of South Australia.

Part 8

National administration and enforcement of the Corporations Law

Part 8—National administration and enforcement of the Corporations Law

Div 1

Preliminary

Division 1—Preliminary 26—Object The object of this Part is to help ensure that— (a) the Corporations Law of South Australia, and the Corporations Law of each jurisdiction other than South Australia, are administered and enforced on a national basis, in the same way as if those Laws constituted a single law of the Commonwealth; and (b) the ASIC Law of South Australia, and the ASIC Law of each jurisdiction other than South Australia, are administered and enforced on a national basis, in the same way as if those Laws constituted a single law of the Commonwealth. 27—Effect of Part (1) This Part has effect subject to this Act (in particular Part 9), the Corporations Law of South Australia and the ASIC Law of South Australia. (2) Nothing in this Part limits the generality of anything else in it.

Div 2

Offences against applicable provisions

Division 2—Offences against applicable provisions 28—Object (1) The object of this Division is to further the object of this Part by providing— (a) for an offence against an applicable provision of South Australia to be treated as if it were an offence against a law of the Commonwealth; and (b) for an offence against an applicable provision of another jurisdiction to be treated in South Australia as if it were an offence against a law of the Commonwealth. (2) The purposes for which an offence is to be treated as mentioned in subsection (1) include, for example (but without limitation)— (a) the investigation and prosecution of offences; and (b) the arrest, custody, bail, trial and conviction of offenders or persons charged with offences; and (c) proceedings relating to a matter referred to in paragraph (a) or (b); and (d) appeals and review relating to criminal proceedings and to proceedings of the kind referred to in paragraph (c); and (e) the sentencing, punishment and release of persons convicted of offences; and (f) fines, penalties and forfeitures; and (g) liability to make reparation in connection with offences; and (h) proceeds of crime; and (i) spent convictions. 29—Application of Commonwealth laws in relation to offences against applicable provisions (1) The Commonwealth laws apply as laws of South Australia in relation to an offence against the applicable provisions of South Australia as if those provisions were laws of the Commonwealth and were not laws of South Australia. (2) For the purposes of a law of South Australia, an offence against the applicable provisions of South Australia— (a) is taken to be an offence against the laws of the Commonwealth, in the same way as if those provisions were laws of the Commonwealth; and (b) is taken not to be an offence against the laws of South Australia. (3) Subsection (2) has effect for the purposes of a law of South Australia except as prescribed by regulations under section 80. 30—Application of Commonwealth laws in relation to offences against applicable provisions of other jurisdictions (1) The Commonwealth laws apply as laws of South Australia in relation to an offence against the applicable provisions of another jurisdiction as if those provisions were laws of the Commonwealth and were not laws of that other jurisdiction. (2) For the purposes of a law of South Australia, an offence against the applicable provisions of another jurisdiction— (a) is taken to be an offence against the laws of the Commonwealth, in the same way as if those provisions were laws of the Commonwealth; and (b) is taken not to be an offence against the laws of that jurisdiction. (3) Subsection (2) has effect for the purposes of a law of South Australia except as prescribed by regulations under section 80. (4) This section does not require, prohibit, empower, authorise or otherwise provide for, the doing of an act outside South Australia. 31—Functions and powers conferred on Commonwealth authorities (1) A Commonwealth law applying because of section 29 that confers on an officer or authority of the Commonwealth a function or power in relation to an offence against the applicable provisions of the Capital Territory also confers on the officer or authority the same function or power in relation to an offence against the corresponding applicable provision of South Australia. (2) A Commonwealth law applying because of section 30 that confers on an officer or authority of the Commonwealth a function or power in relation to an offence against an applicable provision of the Capital Territory also confers on the officer or authority the same function or power in relation to an offence against the corresponding applicable provision of another jurisdiction. (3) The function or power referred to in subsection (2) may only be performed or exercised in South Australia. (4) In performing a function or exercising a power conferred by subsection (1) or (2), an officer or authority of the Commonwealth must act as nearly as practicable as the officer or authority would act in performing or exercising the same function or power in relation to an offence against the corresponding applicable provision of the Capital Territory. (5) A Commonwealth law applying because of section 29 or 30 applies as if it did not contain any provision empowering a Minister of State for the Commonwealth to give any directions in relation to the performance of a function or the exercise of a power conferred by subsection (1) or (2). 32—Reference in Commonwealth law to a provision of another law A reference in a Commonwealth law to a provision of that or another Commonwealth law is taken, for the purposes of section 29 or 30, to be a reference to that provision as applying because of that section.

Div 3

Administrative law

Division 3—Administrative law 34—Object The object of this Division is to further the object of this Part by providing that the Commonwealth administrative laws— (a) apply to the applicable provisions of South Australia; and (b) apply, in South Australia, to the applicable provisions of another jurisdiction, as if the applicable provisions were those of the Capital Territory. 35—Application of Commonwealth administrative laws in relation to applicable provisions (1) The Commonwealth administrative laws apply as laws of South Australia in relation to any act, matter or thing arising under or in respect of the applicable provisions of South Australia as if those provisions were laws of the Commonwealth and were not laws of South Australia. (2) For the purposes of a law of South Australia, an act, matter or thing arising under or in respect of the applicable provisions of South Australia— (a) is taken to be an act, matter or thing arising under or in respect of the laws of the Commonwealth, in the same way as if those provisions were laws of the Commonwealth; and (b) is taken not to be an act, matter or thing arising under or in respect of the laws of South Australia. (3) Subsection (2) has effect for the purposes of a law of South Australia except as prescribed by regulations under section 80. 36—Application of Commonwealth administrative laws in relation to applicable provisions of other jurisdictions (1) The Commonwealth administrative laws apply as laws of South Australia in relation to any act, matter or thing arising under or in respect of the applicable provisions of another jurisdiction as if those provisions were laws of the Commonwealth and were not laws of that jurisdiction. (2) For the purposes of a law of South Australia, an act, matter or thing arising under or in respect of the applicable provisions of another jurisdiction— (a) is taken to be an act, matter or thing arising under or in respect of the laws of the Commonwealth, in the same way as if those provisions were laws of the Commonwealth; and (b) is taken not to be an act matter or thing arising under or in respect of the laws of that jurisdiction. (3) Subsection (2) has effect for the purposes of a law of South Australia except as prescribed by regulations under section 80. (4) This section does not require, prohibit, empower, authorise or otherwise provide for the doing of an act outside South Australia. 36A—Construction of references to Part 7 of Administrative Review Tribunal Act (Cwth) For the purposes of sections 35 and 36, a reference in a provision of the Administrative Review Tribunal Act 2024 of the Commonwealth (as that provision applies as a law of this jurisdiction) to the whole or any part of Part 7 of that Act is taken to be a reference to the whole or any part of that Part as it has effect as a law of the Commonwealth. 37—Functions and powers conferred on Commonwealth authorities (1) A Commonwealth administrative law applying because of section 35 that confers on an officer or authority of the Commonwealth a function or power in relation to an act, matter or thing arising under or in respect of an applicable provision of the Capital Territory also confers on the officer or authority the same function or power in relation to an act, matter or thing arising under or in respect of the corresponding applicable provision of South Australia. (2) A Commonwealth administrative law applying because of section 36 that confers on an officer or authority of the Commonwealth a function or power in relation to an act, matter or thing arising under or in respect of an applicable provision of the Capital Territory also confers on the officer or authority the same function or power in relation to an act, matter or thing arising under or in respect of the corresponding applicable provision of another jurisdiction. (3) The function or power referred to in subsection (2) may only be performed or exercised in South Australia. (4) In performing a function or exercising a power conferred by subsection (1) or (2), an officer or authority of the Commonwealth must act as nearly as practicable as the officer or authority would act in performing or exercising the same function or power in relation to an act, matter or thing arising under or in respect of the corresponding applicable provision of the Capital Territory. (5) A Commonwealth law applying because of section 35 or 36 applies as if it did not contain any provision empowering a Minister of State for the Commonwealth to give any directions in relation to the performance of a function or the exercise of a power conferred by subsection (1) or (2). 38—Reference in Commonwealth administrative law to a provision of another law A reference in a Commonwealth administrative law to a provision of that or another Commonwealth administrative law is taken for the purposes of section 35 or 36, to be a reference to that provision as applying because of that section.

Part 9

Jurisdiction and procedure of courts

Part 9—Jurisdiction and procedure of courts Division 1—Vesting and cross-vesting of civil jurisdiction 40—Operation of Division (1) This Division provides in relation to— (a) the jurisdiction of courts in respect of civil matters arising under the Corporations Law of South Australia; and (b) the jurisdiction of the courts of South Australia in respect of civil matters arising under the Corporations Law of another State or the Capital Territory; and (c) the jurisdiction of courts in respect of matters arising under the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth involving or related to decisions made under the Corporations Law of a State or the Capital Territory by Commonwealth authorities and officers of the Commonwealth; and (d) the jurisdiction of courts in civil matters in respect of decisions made by officers of the Commonwealth to prosecute persons for offences against the Corporations Law of a State or the Capital Territory and related criminal justice process decisions, and so provides to the exclusion of the Jurisdiction of Courts (Cross-vesting) Act 1987. (2) Nothing in this Division affects any other jurisdiction of any court. 41—Interpretation (1) In this Division— civil matter means a matter other than a criminal matter; Corporations Law has the extended meaning given by subsection (2); judgment means a judgment, decree or order, whether final or interlocutory; lower court means a court of a State or Territory that is not a superior court; superior court means the Supreme Court of a State or Territory or a State Family Court; superior court matter means a civil matter that the Corporations Law clearly intends (for example, by use of the expression the Court) to be dealt with only by a superior court. (2) In this Division— (a) a reference to the Corporations Law of South Australia includes a reference to— (i) the Corporations Regulations of South Australia; and (ii) the ASIC Law of South Australia; and (iii) the ASIC Regulations of South Australia; and (iv) any other applicable provisions (as defined in section 3) of South Australia; and (v) this Act; and (vi) regulations made under this Act; and (vii) rules of court made by the Supreme Court of South Australia because of a provision of this Act; and (ix) rules of court applied by the Supreme Court of another State, or of the Capital Territory, or a State Family Court of another State, when exercising jurisdiction conferred by this Division (including jurisdiction conferred by virtue of any previous application or applications of this subparagraph); and (b) a reference to the Corporations Law of another State or of the Capital Territory is a reference to the Corporations Law of that other State or of the Capital Territory within the meaning of the law of that other State or the Capital Territory corresponding to this Division. 42—Jurisdiction of State and Territory Supreme Courts (1) Subject to section 9 of the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth, jurisdiction is conferred on the Supreme Court of South Australia and of each other State and the Capital Territory with respect to civil matters arising under the Corporations Law of South Australia. (1a) Despite section 9 of the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth, jurisdiction is conferred on the Supreme Court of South Australia and of each State and the Capital Territory with respect to matters arising under that Act involving or related to decisions made, or proposed to be made, under the Corporations Law of a State or the Capital Territory by a Commonwealth authority or an officer of the Commonwealth. (1b) Subsection (1a) applies to a decision made, or proposed or required to be made— (a) whether or not in the exercise of a discretion; and (b) whether before or after the commencement of that subsection. (2) The jurisdiction conferred on a Supreme Court by subsection (1) or (1a) is not limited by any limits to which any other jurisdiction of that Supreme Court may be subject. (3) This section has effect subject to section 42AA. 42A—Jurisdiction of State Family Courts (2) Subject to section 9 of the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth, jurisdiction is conferred on each State Family Court with respect to civil matters arising under the Corporations Law of South Australia. (3) The jurisdiction conferred on a State Family Court by subsection (2) is not limited by any limits to which any other jurisdiction of the State Family Court may be subject. (4) This section has effect subject to section 42AA. 42AA—Jurisdiction of Supreme Court in relation to certain decisions made by Commonwealth officers (1) If a decision to prosecute a person for an offence against the Corporations Law of South Australia has been made by an officer or officers of the Commonwealth and the prosecution is proposed to be commenced in a court of South Australia, jurisdiction is conferred on the Supreme Court with respect to any matter in which a person seeks a writ of mandamus or prohibition or an injunction against the officer or officers in relation to that decision. (2) At any time when— (a) a prosecution for an offence against the Corporations Law of South Australia is before a court of South Australia; or (b) an appeal arising out of such a prosecution is before a court of South Australia, jurisdiction is conferred on the Supreme Court with respect to any matter in which the person who is or was the defendant in the prosecution seeks a writ of mandamus or prohibition or an injunction against an officer or officers of the Commonwealth in relation to a related criminal justice process decision. (3) Subsections (1) and (2) have effect despite anything in this Act or in any other law. appeal includes an application for a new trial and a proceeding to review or call in question the proceedings, decision or jurisdiction of a court or judge; related criminal justice process decision, in relation to an offence, means a decision (other than a decision to prosecute) made in the criminal justice process in relation to the offence, including— (a) a decision in connection with the investigation, committal for trial or prosecution of the defendant; and (b) a decision in connection with the appointment of investigators or inspectors for the purposes of such an investigation; and (c) a decision in connection with the issue of a warrant, including a search warrant or a seizure warrant; and (d) a decision requiring the production of documents, the giving of information or the summoning of persons as witnesses; and (e) a decision in connection with an appeal arising out of the prosecution. 42B—Jurisdiction of lower courts (1) Subject to section 9 of the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth, jurisdiction is conferred on the lower courts of South Australia and of each other State and the Capital Territory with respect to civil matters, other than superior court matters, arising under the Corporations Law of South Australia. (2) The jurisdiction conferred on a lower court by subsection (1)— (a) is subject to the court's general jurisdictional limits, so far as they relate to the amounts, or the value of property, with which the court may deal; but (b) is not subject to the court's other jurisdictional limits. 43—Appeals (1) An appeal may not be instituted from a decision of a court of South Australia to a court of another State or of the Capital Territory. (4) An appeal may not be instituted from a decision of a court (not being a State Family Court) of another State to a State Family Court of that State or to a court of a different State or of the Capital Territory. (5) An appeal may not be instituted from a decision of a court of the Capital Territory to a court of a State. (6) An appeal may not be instituted from a decision of a State Family Court of a State to a court of the Capital Territory or of another State, or (except in accordance with the law of the State under which the State Family Court is constituted) to the Supreme Court of that State. 44—Transfer of proceedings by the Federal Court and State and Territory Supreme Courts (1) This section applies to the following: (a) a proceeding with respect to a civil matter arising under the Corporations Law of South Australia that is in a court having jurisdiction under section 42(1) or (2); (b) a proceeding with respect to a matter referred to in section 42(1a) that is in a court having jurisdiction under that subsection or in the Federal Court. (2) Subject to subsections (3), (4) and (5), if it appears to the court that, having regard to the interests of justice, it is more appropriate for the proceeding, or an application in the proceeding, to be determined by another court having jurisdiction in the matters for determination in the proceeding or application, the first mentioned court may transfer the proceeding or application to that other court. (3) If a proceeding with respect to a matter referred to in section 42(1a) is pending in the Supreme Court of a State or the Capital Territory (the relevant jurisdiction), the court must transfer the proceeding to the Federal Court unless the matter for determination in it arises out of, or relates to, another proceeding pending in any court of the relevant jurisdiction— (a) that arises, or a substantial part of which arises, under the Corporations Law of a State or the Capital Territory; and (b) that is not with respect to a matter referred to in section 42(1a), regardless of which proceeding was commenced first. (4) Even if the Supreme Court of a State or the Capital Territory is not required by subsection (3) to transfer a proceeding with respect to a matter referred to in section 42(1a) to the Federal Court, it may nevertheless do so if it considers that to be appropriate, having regard to the interests of justice, including the desirability of related proceedings being heard in the same jurisdiction. (5) If a proceeding with respect to a matter referred to in section 42(1a) is pending in the Federal Court, the Federal Court may only transfer the proceeding, or an application in the proceeding, to the Supreme Court of a State or the Capital Territory (the relevant jurisdiction) if— (a) the matter arises out of, or relates to, another proceeding pending in any court of the relevant jurisdiction— (i) that arises, or a substantial part of which arises, under the Corporations Law of a State or the Capital Territory; and (ii) that is not a proceeding with respect to a matter referred to in section 42(1a), regardless of which proceeding was commenced first; and (b) the Federal Court considers the transfer to be appropriate, having regard to the interests of justice, including the desirability of related proceedings being heard in the same jurisdiction. (6) Nothing in this section confers on a court jurisdiction that the court would not otherwise have. (7) The fact that some references in this section to the interests of justice include the desirability of related proceedings being heard in the same jurisdiction does not of itself mean that other references to the interests of justice, in this section or elsewhere in this Act, do not include that matter. 44A—Transfer of proceedings by State Family Courts (1) This section applies to a proceeding with respect to a civil matter arising under the Corporations Law of South Australia in a State Family Court (in this section called the first court) having jurisdiction under section 42A. (2) If it appears to the first court that— (a) the proceeding arises out of, or is related to, another proceeding pending in another court of a State or of the Capital Territory, and that the court in which the other proceeding is pending is the most appropriate court to determine the first mentioned proceeding; or (b) having regard to— (i) whether, in the first court's opinion, apart from this Division or a law of another State or the Capital Territory corresponding to this Division, the proceeding, or a substantial part of it, would have been incapable of being instituted in the first court; and (ii) the extent to which, in the first court's opinion, the matters for determination in the proceeding are matters not within the first court's jurisdiction apart from this Division or such a law; and (iii) the interests of justice, another court of a State or of the Capital Territory, is the most appropriate court to determine the proceeding; or (c) it is otherwise in the interests of justice that another court of a State or of the Capital Territory, determine the proceeding, the first court must transfer the proceeding to that other court. (3) Subject to subsection (2), if it appears to the first court that— (a) the proceeding arises out of, or is related to, another proceeding pending in another State Family Court having jurisdiction under section 42A in the matters for determination in the first mentioned proceeding, and that the other court is the most appropriate court to determine the first mentioned proceeding; or (b) it is otherwise in the interests of justice that the proceeding be determined by another State Family Court having jurisdiction under section 42A in the matters for determination in the proceeding, the first court must transfer the proceeding to the other court. (4) If— (a) the first court transfers the proceeding to another court; and (b) it appears to the first court that— (i) there is another proceeding pending in the first court that arises out of, or is related to, the first mentioned proceeding; and (ii) it is in the interests of justice that the other court also determine the other proceeding, the first court must also transfer the other proceeding to the other court. (5) Nothing in this section confers on a court jurisdiction that the court would not otherwise have. 44AA—Transfer of proceedings in lower courts (1) This section applies to a proceeding with respect to a civil matter arising under the Corporations Law of South Australia in a lower court (the first court) having jurisdiction under section 42B. (2) If it appears to the first court that, having regard to the interests of justice, it is more appropriate for the proceeding, or an application in the proceeding, to be determined by another court (the second court) having jurisdiction in the matters for determination in the proceeding or application, the first court may take action under whichever of subsections (3) and (4) applies. (3) If the second court is also a lower court, the first court may transfer the proceeding or application to the second court. (4) If the second court is a superior court, the first court may transfer the proceeding or application to the relevant Supreme Court and recommend that the proceeding or application be transferred by the Supreme Court to the second court. (5) The relevant Supreme Court is not bound to comply with a recommendation under subsection (4) and it may instead decide— (a) to deal with the proceeding or application itself; or (b) to transfer the proceeding or application to some other court (which could be the first court). (6) Nothing in this section allows the relevant Supreme Court to transfer the proceeding or application to another court otherwise than in accordance with section 44 and the other requirements of this Division. (6a) Nothing in this section confers on a court jurisdiction that the court would not otherwise have. (7) In this section— relevant Supreme Court means the Supreme Court of the State or Territory of which the first court is a court. 44B—Further matters for court to consider when deciding whether to transfer proceeding In deciding whether to transfer under section 44, 44A or 44AA a proceeding or application, a court must have regard to— (a) the principal place of business of any body corporate concerned in the proceeding or application; and (b) the place or places where the events that are the subject of the proceeding or application took place; and (c) the other courts that have jurisdiction to deal with the proceeding or application. 44C—Transfer may be made at any stage A court may transfer under section 44, 44A or 44AA a proceeding or application— (a) on the application of a party made at any stage; or (b) of the court's own motion. 44D—Transfer of documents Where, under section 44, 44A or 44AA, a court transfers a proceeding, or an application in a proceeding, to another court— (a) the Registrar or other proper officer of the first mentioned court must transmit to the Registrar or other proper officer of the other court all documents filed in the first mentioned court in respect of the proceeding or application, as the case may be; and (b) the other court must proceed as if— (i) the proceeding had been originally instituted in the other court; and (ii) the same proceedings had been taken in the other court as were taken in the first mentioned court; and (iii) in a case where an application is transferred—the application had been made in the other court. 45—Conduct of proceedings (1) Subject to sections 51, 52 and 52A, where it appears to a court that, in determining a matter for determination in a proceeding, the court will, or will be likely to, be exercising relevant jurisdiction, the rules of evidence and procedure to be applied in dealing with the matter are to be such as the court considers appropriate in the circumstances, being rules that are applied in a superior court in Australia or in an external Territory. (2) Where a proceeding is transferred or removed to a court (in this subsection called the transferee court) from another court (in this subsection called the transferor court), the transferee court must deal with the proceeding as if, subject to any order of the transferee court, the steps that had been taken for the purposes of the proceeding in the transferor court (including the making of an order), or similar steps, had been taken in the transferee court. (3) In this section— relevant jurisdiction means— (c) jurisdiction conferred on a court of South Australia with respect to civil matters arising under the Corporations Law of another State or the Capital Territory; or (d) jurisdiction conferred on a court of another State or the Capital Territory with respect to civil matters arising under the Corporations Law of South Australia; or (e) jurisdiction conferred on a court of a State or the Capital Territory with respect to matters referred to in section 42(1a). 46—Courts to act in aid of each other All courts having jurisdiction in civil matters arising under the Corporations Law of South Australia, or in matters referred to in section 42(1a), and the officers of, or under the control of, those courts must severally act in aid of, and be auxiliary to, each other in all such matters. 47—Exercise of jurisdiction pursuant to cross-vesting provisions A court of South Australia 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. 48—Rights of appearance A person who is entitled to practise as a barrister or a solicitor, or as both a barrister and a solicitor, in a court has, if a proceeding (in this subsection referred to as the transferred proceeding) in that court is transferred to another court under this Division or a law of another State or the Capital Territory that corresponds to this Division, the same entitlements to practise in relation to— (a) the transferred proceeding; and (b) any other proceeding out of which the transferred proceeding arises or to which the transferred proceeding is related, being another proceeding that is to be determined together with the transferred proceeding, in the other court that the person would have if the other court were a federal court exercising federal jurisdiction. 49—Limitation on appeals An appeal does not lie from a decision of a court— (a) in relation to the transfer of a proceeding under this Division; or (b) as to which rules of evidence and procedure are to be applied pursuant to section 45(1). 50—Enforcement of judgments (1) A judgment of a court of South Australia that is entirely or partly given in the exercise of jurisdiction conferred by this Division, or by a law of another State that corresponds to this Division, is enforceable in South Australia as if the judgment had been given by that court entirely in the exercise of the jurisdiction of that court apart from this Division or any such law. (2) Where— (a) a provision of a law of South Australia (not being a law in relation to the enforcement of judgments) refers to a thing done by the Supreme Court of South Australia or of another State or of the Capital Territory, a State Family Court or a particular lower court of South Australia or of another State or of the Capital Territory; and (b) that thing is done by another court in the exercise of jurisdiction conferred by this Division or a law of another State or the Capital Territory corresponding to this Division, the reference in that provision to the Supreme Court of South Australia or of the other State or Territory, that State Family Court or that lower court, as the case may be, is taken as a reference to that other court. 51—Rules of the Supreme Court (1) The Judges of the Supreme Court of South Australia may make rules of court, not inconsistent with the Corporations Law of South Australia— (a) with respect to proceedings, and the practice and procedure, of that Court under that Law; and (b) with respect to any matter or thing that is— (i) required or permitted by that Law to be prescribed by rules within the meaning of that Law; or (ii) necessary or convenient to be prescribed by such rules for carrying out or giving effect to that Law; and (c) without limitation, with respect to costs, and with respect to rules as to meetings ordered by that Court. (1a) When a lower court of South Australia is exercising jurisdiction with respect to matters arising under the Corporations Law of South Australia, the court must apply the rules of court made under subsection (1), with such alterations as are necessary. (2) When a court of South Australia is exercising jurisdiction with respect to matters arising under the Corporations Law of another State or the Capital Territory, being jurisdiction conferred by a law of another State or the Capital Territory that corresponds to this Division, that court must apply the rules of court made under subsection (1), with such alterations as are necessary. (3) When a court of another State or the Capital Territory is exercising jurisdiction with respect to matters arising under the Corporations Law of South Australia, being jurisdiction conferred by this Division, that court must apply the rules of court made under the law of the State or Territory corresponding to subsection (1), with such alterations as are necessary. Corporations Law of another State or the Capital Territory does not include rules of court; Corporations Law of South Australia does not include rules of court. 52A—Rules of the State Family Court (2) When a State Family Court of another State is exercising jurisdiction with respect to matters arising under the Corporations Law of South Australia, being jurisdiction conferred by this Division, that Court must apply the rules of court made under the law of the State corresponding to section 61A(1) of the Corporations Act, with such alterations as are necessary. (3) In this section— Corporations Law of South Australia does not include rules of court. Division 2—Vesting and cross-vesting of criminal jurisdiction 53—Operation of Division This Division provides in relation to— (a) the jurisdiction of courts in respect of criminal matters arising under the Corporations Law of South Australia; and (b) the jurisdiction of the courts of South Australia in respect of criminal matters arising under the Corporations Law of any jurisdiction. 54—Interpretation (1) In this Division— magistrate means a magistrate who is remunerated by salary or otherwise. (2) In this Division— (a) a reference to the Corporations Law of South Australia includes a reference to— (i) the Corporations Regulations of South Australia; and (ii) the ASIC Law of South Australia; and (iii) the ASIC Regulations of South Australia; and (iv) any other applicable provisions (as defined in section 3) of South Australia; and (v) this Act; and (vi) regulations made under this Act; and (vii) rules of court made by the Supreme Court of South Australia and rules of court applied by the Supreme Court of another State, or of the Capital Territory, when exercising jurisdiction conferred by this Division (including jurisdiction conferred by virtue of any previous application or applications of this subparagraph); and (b) a reference to the Corporations Law of another State or of the Capital Territory is a reference to the Corporations Law of that other State or of the Capital Territory within the meaning of the law of that other State or the Capital Territory corresponding to this Division. 55—Jurisdiction of courts (1) Subject to this section, the several courts of each State and the Capital Territory exercising jurisdiction— (a) with respect to— (i) the summary conviction; or (ii) the examination and commitment for trial on indictment; or (iii) the trial and conviction on indictment, of offenders or persons charged with offences against the laws of the State or Capital Territory, and with respect to— (iv) their sentencing, punishment and release; or (v) their liability to make reparation in connection with their offences; or (vi) the forfeiture of property in connection with their offences; or (vii) the proceeds of their crimes; and (b) with respect to the hearing and determination of— (i) proceedings connected with; or (ii) appeals arising out of; or (iii) appeals arising out of proceedings connected with, any such trial or conviction or any matter of a kind referred to in paragraph (a)(iv), (v), (vi) or (vii), have the equivalent jurisdiction with respect to offenders or persons charged with offences against the Corporations Law of South Australia. (2) Where a provision of a law of another State or the Capital Territory corresponding to subsection (1) is expressed to confer jurisdiction with respect to offenders or persons who are charged with offences against the Corporations Law of that State or the Capital Territory upon a court of South Australia, the court may exercise that jurisdiction. (3) The jurisdiction conferred by subsection (1) is not to be exercised with respect to the summary conviction, or examination and commitment for trial, of any person except by a magistrate. (4) The jurisdiction conferred by subsection (1) includes jurisdiction in accordance with provisions of a relevant law of another State or the Capital Territory, and— (a) the reference in subsection (1)(b) to "any such trial or conviction" includes a reference to any conviction or sentencing in accordance with the provisions of a relevant law; and (b) unless the contrary intention appears, a reference to jurisdiction conferred by subsection (1) includes a reference to such included jurisdiction. (5) A person may be dealt with in accordance with a relevant law even if, apart from this section, the offence concerned— (a) would be required to be prosecuted on indictment; or (b) would be required to be prosecuted either summarily or on indictment. (6) For the purposes of the application of a relevant law as provided by subsection (4)— (a) a reference in that law to an indictable offence is taken to include a reference to an offence that may be prosecuted on indictment; and (b) in order to determine the sentence that may be imposed on a person by a court pursuant to the relevant law, the person is taken to have been prosecuted and convicted on indictment in that court. (7) Subject to subsections (9) and (10), the jurisdiction conferred on a court of a State or the Capital Territory by subsection (1) is conferred despite any limits as to locality of the jurisdiction of that court under the law of that State or of the Capital Territory. (8) Subject to subsection (9), the jurisdiction conferred on a court of South Australia by a law of another State or the Capital Territory corresponding to subsection (1) may be exercised despite any limits as to locality of the jurisdiction of that court under the law of South Australia. (9) Where— (a) jurisdiction is conferred on a court of South Australia in relation to the summary conviction of persons charged with offences against the Corporations Law of this or another jurisdiction by subsection (1) or a corresponding provision of a law of another State or of the Capital Territory; and (b) the court is satisfied that it is appropriate to do so, having regard to all the circumstances including the public interest, the court may decline to exercise that jurisdiction in relation to an offence committed in another State or the Capital Territory. (10) The jurisdiction conferred on a court of another State or the Capital Territory by subsection (1) in relation to— (a) the examination and commitment for trial on indictment; and (b) the trial and conviction on indictment, of offenders or persons charged with offences against the Corporations Law of South Australia is conferred only in relation to— (c) offences committed outside Australia; and (d) offences committed, begun or completed within the State or Territory concerned. (11) In this section— Australia does not include the coastal sea; relevant law means a law providing that where, in proceedings before a court, a person pleads guilty to a charge for which he or she could be prosecuted on indictment, the person may be committed, to a court having jurisdiction to try offences on indictment, to be sentenced or otherwise dealt with without being tried in that last mentioned court. 56—Laws to be applied (1) Subject to this Division, the laws of South Australia respecting— (a) the arrest and custody in South Australia of offenders or persons charged with offences; and (b) criminal procedure in South Australia in relation to such persons, apply in South Australia, so far as they are applicable, to persons who are charged with offences against the Corporations Law of South Australia or of another State or the Capital Territory in respect of whom jurisdiction is conferred on a court of South Australia by this Division or a corresponding law of another State or the Capital Territory. (2) Subject to this Division, the laws of each other State and the Capital Territory respecting— (a) the arrest and custody in that State or Territory of offenders or persons charged with offences; and (b) criminal procedure in that State or Territory in relation to such persons, apply in that State or Territory, so far as they are applicable, to persons who are charged with offences against the Corporations Law of South Australia in respect of whom jurisdiction is conferred on a court of that State or Territory by this Division. (3) The application of laws by subsections (1) and (2) is in addition to, and not in derogation from, the application of laws effected by Part 8 or the corresponding law of another State or the Capital Territory. criminal procedure means the procedure for— (a) the summary conviction; and (b) the examination and commitment for trial and indictment; and (c) the trial and conviction on indictment; and (d) the hearing and determination of appeals arising out of any such trial or conviction or out of any related proceedings, of offenders or persons charged with offences, and includes the procedure for holding accused persons to bail; laws of each other State and the Capital Territory means the laws that apply in relation to offenders, or persons charged with offences, against the Corporations Law of the State or Territory concerned.

Part 10

Companies Liquidation Account

Part 10—Companies Liquidation Account 57—Companies Liquidation Account (1) In this section— relevant money means— (a) money that, immediately before the commencement of this section, stood to the credit of the Companies Liquidation Account established by section 428 of the Companies (South Australia) Code; and (b) money that, after the commencement of this section, is paid into the Companies Liquidation Account under provisions of the Companies (South Australia) Code that are taken to continue in force after the commencement of Chapter 5 of the Corporations Law for the purposes of windings up started before the commencement of that Chapter. (2) Relevant money is to be dealt with in accordance with section 427 of the Companies (South Australia) Code.

Part 11

The ASIC Law, and the ASIC Regulations, of South Australia

Part 11—The ASIC Law, and the ASIC Regulations, of South Australia Division 1—Application of ASIC Act and ASIC Regulations 58—Application in South Australia of the ASIC Act (1) The ASIC Act as in force immediately before its repeal, other than the excluded provisions— (a) applies as a law of South Australia; and (b) as so applying, may be referred to as the ASIC Law of South Australia. (2) The excluded provisions of the ASIC Act are— Part 1, except section 6A Divisions 1 and 4 of Part 4 Division 1 of Part 7 Division 1 of Part 10 Division 1 of Part 11 Sections 251 and 252. 59—Application of regulations The regulations in force immediately before the repeal of the ASIC Act under section 251 of that Act— (a) apply as regulations in force for the purposes of the ASIC Law of South Australia; and (b) as so applying, may be referred to as the ASIC Regulations of South Australia. 60—Interpretation of some expressions in ASIC Law, and ASIC Regulations, of South Australia (1) In this Part, and in the ASIC Law, and the ASIC Regulations, of South Australia— Advisory Committee means the Companies and Securities Advisory Committee established by section 145 of the ASIC Act; affairs, in relation to a body corporate, has the same meaning as in section 246AA of the Corporations Law; assist, in relation to a Commission delegate, means— (a) to perform functions— (i) as a member, officer or employee of the Commission delegate; and (ii) in connection with the Commission delegate's performance or exercise of a function or power delegated under section 102 of the ASIC Law; or (b) to perform services for the Commission delegate in connection with the Commission delegate's performance or exercise of a function or power delegated under section 102 of the ASIC Law; Australia includes any external Territory to which the ASIC Act extends; books includes— (a) a register; and (b) financial reports or financial records, however compiled, recorded or stored; and (c) a document; and (d) ADI books; and (e) any other record of information; Chairperson means— (a) except in Part 11 of the ASIC Law or in relation to the Disciplinary Board—the Chairperson of the Commission; and (b) in Part 11 of that Law or in relation to the Disciplinary Board—the Chairperson of the Disciplinary Board; Commission means the Australian Securities and Investments Commission established by section 7 of the ASIC Act; Commission delegate means a person to whom, or a body to which, a function or power is delegated under section 102 of the ASIC Law; contravention, in relation to a law, includes an ancillary offence relating to an offence against that law; court, except in section 248 of the ASIC Law, includes a tribunal having power to require the production of documents or the answering of questions; Deputy Chairperson means the Deputy Chairperson of the Commission; Disciplinary Board means the Companies Auditors and Liquidators Disciplinary Board established by section 202 of the ASIC Act; eligible person, in relation to a person, means a person who— (a) if the first mentioned person is a body corporate—is or has been an officer of the body within the meaning of a national scheme law or a corresponding previous law; or (b) in any case— (i) is or has been an employee, agent, banker, solicitor or auditor of; or (ii) is acting, or has acted, in any other capacity on behalf of, the first mentioned person; examination means— (a) in this section and Part 3 (other than section 27(2) and Division 9) of the ASIC Law—an examination of a person pursuant to a requirement made under section 19 of that Law; or (b) in section 27(2) and Division 9 of Part 3 of the ASIC Law—an examination of a person pursuant to a requirement made under section 19 of the ASIC law or a corresponding provision of the ASIC law of another jurisdiction; expenses, in relation to an investigation under Division 1 of Part 3 of the ASIC Law, includes costs and expenses incurred in relation to a proceeding begun under section 50 of the ASIC Law as a result of the investigation; fail means refuse or fail; foreign country means— (a) an external Territory to which the ASIC Act does not extend; or (b) a country outside Australia and the external Territories; or (c) a part of such a country; give has— (a) in relation to a document—a meaning affected by section 86 of the ASIC Law; and (b) in relation to information—a meaning affected by section 61 of this Act; hearing, in this section and Part 3 of the ASIC law, means a hearing before the Commission and, in sections 52, 54, 55 and 56 of that Law, includes a part of such a hearing; information has a meaning affected by section 61 of this Act; investigate, in relation to the Commission, means investigate in the course of performing or exercising any of the Commission's functions and powers; meeting means— (a) in Part 4 of the ASIC Law, a meeting of the Commission; and (b) in Part 11 of that Law—a meeting of the Disciplinary Board; member means— (a) except in Division 2 of Part 4, or in Part 10, 11, or 14, of the ASIC Law, or in relation to a Division of the Commission, or in relation to the Panel or the Disciplinary Board—a member of the Commission; (b) in Part 10 of that Law or in relation to the Panel—a member of the Panel; (c) in Part 11 of that Law or in relation to the Disciplinary Board—the Chairperson or any other member of the Disciplinary Board; national scheme law means— (a) the following: (i) the Corporations Law of this jurisdiction; (ii) the ASIC Law of this jurisdiction; (iii) this Act; or (b) the following: (i) the Corporations Act; (ii) the Corporations Law of the Capital Territory; (iii) the ASIC Act; or (c) a law of a jurisdiction (other than this jurisdiction or the Capital Territory) that corresponds to an Act or Law referred to in paragraph (a); national scheme law of this jurisdiction means— (a) this Act; or (b) the Corporations Law of South Australia; or (c) the ASIC Law of South Australia; officer, in relation to a body corporate, includes— (a) a director, secretary, executive officer or employee of the body; and (b) a receiver, or a receiver and manager, of property of the body; and (c) an administrator of the body or an administrator of a deed of company arrangement executed by the body; and (d) a liquidator, or a provisional liquidator, of the body; and (e) a trustee or other person administering a compromise or arrangement made between the body and any other person or persons; Panel means the Corporations and Securities Panel established by section 171 of the ASIC Act; Panel proceedings means proceedings before the Panel on— (a) an application made to the Panel under the Corporations Law; or (b) a reference of a decision to the Panel for review under the Corporations Law; power includes an authority; prescribed means prescribed by the ASIC Law or the regulations; President means the President of the Panel; proceeding means— (a) a proceeding in a court; or (b) a proceeding or hearing before, or an examination by or before, a tribunal, whether the proceeding, hearing or examination is of a civil, administrative, criminal, disciplinary or other nature; produce, except in Part 3 of the ASIC Law, includes permit access to; property means any legal or equitable estate or interest (whether present or future and whether vested or contingent) in real or personal property of any description and includes a thing in action and money; record, in relation to an examination, means the whole or a part of a record made under section 24 of the ASIC Law of statements made at the examination; regulations means the ASIC Regulations of this jurisdiction; report includes an interim report; staff member means— (a) a member of the staff referred to in section 120(1) of the ASIC Act or a person employed under section 120(3) of that Act; or (b) a person engaged under section 121(1) of that Act; or (c) any of the officers, employees and persons who under section 122 of that Act are to assist the Commission; statement, in relation to an examination, includes a question asked, an answer given, and any other comment or remark made, at the examination; Territory means— (a) the Capital Territory; or (b) an external Territory to which the ASIC Act extends; this Act, except in this Part, means the ASIC Law, and includes the regulations; this jurisdiction means South Australia; this Law includes the regulations; tribunal means— (a) a tribunal in Australia; or (b) any other body, authority or person in Australia having power, by law or by consent of parties, to hear, receive or examine evidence; witness means— (a) in relation to a hearing before the Commission—a person appearing at the hearing to give evidence; or (b) in relation to Panel proceedings—a person appearing in the proceedings to give evidence; written record, in relation to an examination, means— (a) a record of the examination— (i) that is made in writing; or (ii) as reduced to writing; or (b) a part of such a record. (2) Subject to the ASIC Law of this jurisdiction, an expression has the same meaning in that Law and in the ASIC Regulations of this jurisdiction as in the Corporations Law of this jurisdiction. 61—Giving information A reference in the ASIC Law, and the ASIC Regulations, of South Australia to giving information includes a reference to— (a) explaining or stating a matter; or (b) identifying a person, matter or thing; or (c) disclosing information; or (d) answering a question. 62—Interpretation law (1) Except so far as the contrary intention appears in the ASIC Law of South Australia— (a) Part 1.2 (except section 8) of the Corporations Law of South Australia applies; and (b) subject to paragraph (a), the Acts Interpretation Act 1901 of the Commonwealth as in force at the commencement of section 5(5) of the ASIC Act applies as law of South Australia, in relation to the ASIC Law, and the ASIC Regulations, of South Australia and any instrument made, granted or issued under that Law or those Regulations (other than application orders made for the purposes of that Law under section 111A of the Corporations Law of this jurisdiction) and so apply as if that Law were an Act of the Commonwealth and those Regulations or instruments were regulations or instruments made under such an Act. (2) The Acts Interpretation Act 1915 does not apply in relation to the ASIC Law, or the ASIC Regulations, of South Australia or an application order or any other instrument made, granted or issued under that Law or those Regulations. Division 2—Citing the ASIC Law and the ASIC Regulations 63—Alternative citations of the ASIC Law, and the ASIC Regulations, of South Australia (1) The ASIC Law of South Australia may be referred to simply as the ASIC Law. (2) The ASIC Regulations of South Australia may be referred to simply as the ASIC Regulations. (3) This section has effect subject to section 65. 64—References to ASIC Law, and ASIC Regulations, of another jurisdiction (1) This section has effect for the purposes of an Act, a law of South Australia or an instrument made under an Act or under such a law. (2) Where a law of a jurisdiction other than South Australia contains provisions corresponding to sections 5 and 6 of the Corporations Act and also provides for provisions of the ASIC Act to apply as law of that jurisdiction, those provisions of the ASIC Act, as so applying, are the ASIC Law of that jurisdiction. (3) Where a law of a jurisdiction other than South Australia provides for the regulations under section 251 of the ASIC Act to apply for the purposes of the ASIC Law of that jurisdiction, those regulations as so applying are the ASIC Regulations of that jurisdiction. 65—References to ASIC Law and ASIC Regulations (1) The object of this section is to help ensure that, so far as possible— (a) the bodies established by the ASIC Act and the staff of those bodies, can perform functions and exercise powers; and (b) persons can have dealings with those bodies, as if the ASIC Act, the ASIC Law of South Australia and the ASIC Law of each other State, constituted a single national ASIC Law applying of its own force throughout Australia. (2) Subject to this section, a reference in an instrument to the ASIC Law, or to the ASIC Regulations, is to be taken, for the purposes of the laws of South Australia— (a) to be a reference to the ASIC Law, or to the ASIC Regulations, of South Australia; and (b) to include a separate reference to the ASIC Law, or to the ASIC Regulations, of each jurisdiction other than South Australia. (3) Subsection (2) has effect except so far as the contrary intention appears in the instrument, or the context of the reference otherwise requires. (4) Without limiting subsection (3), subsection (2) does not apply in relation to a reference expressed as a reference to the ASIC Law, or to the ASIC Regulations, of a jurisdiction. instrument means— (a) an Act or an instrument made under an Act; or (b) a law of South Australia or an instrument made under such a law; or (c) an award or other industrial determination or order, or an industrial agreement; or (d) any other order (whether executive, judicial or otherwise); or (e) a notice, certificate or licence; or (f) an agreement; or (g) an application made, information laid, affidavit sworn, or warrant issued, for any purpose; or (h) an indictment, presentment, summons or writ; or (i) any other pleading in, or process issued in connection with, a legal or other proceeding; or (j) any other document whatever. Division 3—The Commission 66—Conferral of functions and powers on Commission (1) The Commission has the functions and powers conferred or expressed to be conferred on it under a national scheme law of this jurisdiction. (2) The Commission also has the functions and powers conferred or expressed to be conferred upon the NCSC by or under a Code that is a relevant Code for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) (South Australia) Code. 68—Conferral of other functions and powers for purposes of law in South Australia The Commission has power to do acts in South Australia in the performance or exercise of any function or power expressed to be conferred on the Commission by a national scheme law of another jurisdiction.

Div 4

The Panel

Division 4—The Panel 70—Conferral of functions and powers on the Panel (1) The Panel has the functions and powers conferred on it by or under a national scheme law of this jurisdiction. (2) The Panel has power to do acts in South Australia in the performance or exercise of any function or power expressed to be conferred on the Panel by a national scheme law of another jurisdiction.

Div 5

The Disciplinary Board

Division 5—The Disciplinary Board 71—Conferral of functions and powers on the Disciplinary Board (1) The Disciplinary Board has the functions and powers conferred on it by or under a national scheme law of this jurisdiction. (2) The Disciplinary Board has power to do acts in South Australia in the performance or exercise of any function or power expressed to be conferred on it by a national scheme law of another jurisdiction.

Div 6

Miscellaneous

Division 6—Miscellaneous 72—Acting appointments Where a person is appointed under the ASIC act to act in a particular office, the law of this jurisdiction applies in relation to that person while acting in that office as if the person were the holder of the office. 73—Alteration of names and constitutions (1) Where— (a) the name of a body established by the ASIC Act is changed by law (whether or not the body is incorporated); or (b) the name of an office established by that Act is changed by law, then, unless the contrary intention appears, a reference in— (c) any Act of this jurisdiction; or (d) any instrument under such an Act; or (e) any award or other industrial determination or order or any industrial agreement; or (f) any other order (whether executive, judicial or otherwise); or (g) any contract; or (h) any pleading in, or process issued in connection with, any legal or other proceeding; or (i) any other instrument, to the body or the office under the former name, except in relation to matters that occurred before that change took place, is taken as a reference to the body or the office under the new name. (2) Where the constitution of a body established by the ASIC Act is changed by law (whether or not the body is incorporated), then, unless the contrary intention appears, the alteration does not affect any functions or powers conferred or expressed to be conferred on that body by a national scheme law of this jurisdiction. 74—Application of Commonwealth Crimes Act (1) For the purposes of Part 3 of the ASIC Law of South Australia, Part 3 of the Crimes Act 1914 of the Commonwealth applies as a law of South Australia. (2) For the purposes of Part 3 of the Crimes Act 1914 of the Commonwealth as applying because of subsection (1), an examination or a hearing is a judicial proceeding. (3) For the purposes of a national scheme law of South Australia— (a) an offence under Part 3 of the Crimes Act 1914 of the Commonwealth as applying because of subsection (1) in relation to an examination or hearing, is taken to be an offence against Part 3 of the ASIC Law of South Australia; and (b) an offence under Part 3 of the Crimes Act 1914 of the Commonwealth as applying, in relation to an examination or hearing held under the ASIC Law of another jurisdiction, as a law of that jurisdiction is taken to be an offence against Part 3 of the ASIC Law of that jurisdiction. 75—Application of Commonwealth Evidence Act (1) For the purposes of Part 3 of the ASIC Law of South Australia, the following provisions of the Evidence Act 1995 of the Commonwealth apply as a law of South Australia: Part 2.2—Documents Section 69—Exception: business records Section 70—Exception: contents of tags, labels and writing Section 71—Exception: telecommunications Section 147—Documents produced by processes, machines and other devices in the course of business Division 2 of Part 4.6—Proof of certain matters by affidavits or written statements. (2) Those provisions of the Evidence Act 1995 of the Commonwealth apply to an examination in the same way as they apply to a proceeding to which that Act applies under section 4 of that Act. Part 12—General Division 1—Arrangements 76—Definition In this Division— relevant State law means— (a) a law of the State concerning the management or affairs of a body corporate; or (b) a law of the State concerning fraud or dishonesty; or (c) any other law of the State, other than a co-operative scheme law. 77—Arrangements relating to applicable provisions (1) Where an arrangement between the Minister and the Commonwealth Minister provides— (a) that an authority or officer of the Commonwealth has certain functions or powers under a relevant State law; or (b) that, despite section 33 or 39, an authority or officer of the State has certain functions or powers under an applicable provision of this jurisdiction, those functions or powers are conferred on that authority or officer. (2) Functions and powers conferred under an arrangement under subsection (1) are to be performed and exercised in accordance with the arrangement but are to be taken to have been validly performed or exercised despite any failure to comply with any condition or restriction under the arrangement. 78—Notice of arrangement Notice of each arrangement under section 77 must be published in the Gazette and in the Commonwealth of Australia Gazette within 21 days after it is made. Division 2—Penalties and fines 79—Application of penalties and fines All fines, penalties and other money (other than fees and taxes) which, under and by virtue of the applicable provisions of South Australia, are authorised or directed to be imposed on any person must be paid to the Commonwealth. Division 3—Regulations 80—Regulations (1) The Governor may make regulations for or with respect to any matter or thing required or permitted by this Act to be prescribed or necessary to be prescribed to give effect to this Act. (2) The regulations may contain provisions of a savings or transitional nature consequent on the enactment of this Act, being provisions not inconsistent with the national scheme laws of this jurisdiction. (3) Any such provision may, if the regulations so provide, take effect on the date of commencement of this section or a later date. (4) To the extent to which any such provision takes effect from a date that is earlier than the date of its publication in the Gazette, the provision does not operate so as— (a) to affect, in a manner prejudicial to any person (other than the State or an authority of the State), the rights of that person existing before the date of that publication; or (b) to impose a liability on any person (other than the State or an authority of the State) in respect of anything done or omitted to be done before the date of that publication. (5) Regulations containing provisions of a kind referred to in subsection (2) cease to have effect on the first anniversary of the day on which this section comes into operation. (6) Where regulations cease to have effect because of subsection (5), section 12 of Acts Interpretation Act 1915 applies as if the regulations had been disallowed by the Parliament.

Part 13

Transitional

Part 13—Transitional Division 1—Staff 81—Information previously acquired A staff member who, before the commencement of this section, was an employee in the Public Service of South Australia engaged in the administration of a co-operative scheme law may disclose to the Commission information acquired while so engaged. 82—Staff (1) A person who— (a) is a member of the Commission's staff appointed under the Public Service Act 1922 of the Commonwealth; and (b) was so appointed under section 81B of that Act; and (c) immediately before that appointment, was an employee in the Public Service of South Australia employed in the office of the Corporate Affairs Commission, is to be taken to have been granted special leave without pay from the Public Service of South Australia for a period prescribed by regulation and on such conditions as may be determined by the Commissioner for Public Employment. (2) A person who is on special leave without pay by virtue of subsection (1) may elect to resume duties in the Public Service of South Australia by notice in writing given to the Commissioner for Public Employment and, in that event, may, on the expiration of a period determined by the Commissioner, resume duties in the position in the Public Service to which the person is for the time being assigned. (3) A person referred to in subsection (2) will, unless the person— (a) makes an election under that subsection; or (b) resigns or otherwise ceases to be employed in the Public Service of South Australia, before the expiration of the prescribed period, be taken to have resigned from the Public Service on the expiration of that period. 83—Superannuation arrangements with Commission The Commission is prescribed for the purposes of section 5 of the Superannuation Act 1988 as an authority with which the South Australian Superannuation Board may enter into superannuation arrangements. Division 2—Co-operative scheme laws 84—Co-operative scheme laws For the purposes of this Act, the following are the co-operative scheme laws: Companies (Application of Laws) Act 1982 Companies (South Australia) Code Companies (Acquisition of Shares) (Application of Laws) Act 1981 Companies (Acquisition of Shares) (South Australia) Code Companies and Securities (Interpretation and Miscellaneous Provisions) (Application of Laws) Act 1981 Companies and Securities (Interpretation and Miscellaneous Provisions) (South Australia) Code Securities Industry (Application of Laws) Act 1981 Securities Industry (South Australia) Code Futures Industry (Application of Laws) Act 1986 Futures Industry (South Australia) Code. 85—National scheme laws prevail over co-operative scheme laws (1) This section provides for the national scheme laws of this jurisdiction to supersede the co-operative scheme laws, which are to continue to operate of their own force only in relation to— (a) matters arising before the commencement of this section; and (b) matters arising, directly or indirectly, out of such matters, in so far as the national scheme laws or the Corporations legislation do not deal with those matters. (2) Where a co-operative scheme law is inconsistent with a national scheme law of this jurisdiction, the national scheme law prevails and, to the extent of the inconsistency, the co-operative scheme law does not operate. (3) For the purposes of subsection (2), a co-operative scheme law is inconsistent with a national scheme law if it would be inconsistent within the meaning of section 109 of the Constitution of the Commonwealth of Australia if the national scheme law were an Act of the Commonwealth. Corporations legislation means the Corporations legislation to which Part 1.1A of the Corporations Act 2001 of the Commonwealth applies. 86—Regulations may exclude residual operation of co-operative scheme laws (1) Regulations under section 80 may provide that prescribed provisions of co-operative scheme laws do not operate, either generally or as otherwise prescribed by the regulations. (2) Regulations in force because of subsection (1) have effect accordingly. 87—Effect of sections 85 and 86 (1) To the extent that a co-operative scheme law ceases to operate because of section 85 or 86, the law is taken for the purposes of the Acts Interpretation Act 1915 to have been repealed by this Act. (2) Nothing in this Act revives, or otherwise affects the exclusion of, the provisions referred to in section 18 of the Companies (Application of Laws) Act 1982 or section 16(1) of the Securities Industry (Application of Laws) Act 1981. (3) The amendment of the Companies (Application of Laws) Act 1982 by the Corporations (Ancillary Provisions) Act 2001 does not revive, or otherwise affect the exclusion of, the provisions referred to in section 18(1) of the Companies (Application of Laws) Act 1982. (4) The amendment of the Securities Industry (Application of Laws) Act 1981 by the Corporations (Ancillary Provisions) Act 2001 does not revive, or otherwise affect the exclusion of, the provisions referred to in section 16(1) of the Securities Industry (Application of Laws) Act 1981. 88—Regulations may modify co-operative scheme laws (1) Regulations under section 80 may provide that a specified co-operative scheme law, or specified provisions of a co-operative scheme law, has or have effect with such modifications as the regulations prescribe. (2) Regulations in force because of subsection (1) have effect accordingly, even if, because of section 85 or 86, the specified law does not operate of its own force, or the specified provisions do not operate of their own force, as the case requires. (3) However, a reference in section 85(2) to a co-operative scheme law includes a reference to such a law as it has effect, or to provisions of such a law as they have effect, because of this section. 89—Co-operative scheme laws not affected by certain Commonwealth regulations The operation or effect of a co-operative scheme law is not modified or otherwise affected because regulations of a kind referred to in section 77 or 79 of the Corporations Act modify or otherwise affect the operation of a Co-operative Scheme Act within the meaning of Part 12 of the Corporations Act. 90—References to co-operative scheme laws and regulations (1) In this section— Code regulations means provisions applying as regulations made under a Code by reason of a provision of an Act that is a co-operative scheme law; instrument has the same meaning as in section 13, but does not include— (a) a co-operative scheme law; or (b) regulations under an Act that is such a law, or under this Act; or (c) Code regulations; or (d) a national scheme law of this jurisdiction, or the Corporations Regulations, or ASIC Regulations, of South Australia. (2) Subject to subsection (4) and to any regulations in force under subsection (7), a reference in an instrument to a co-operative scheme law is to be taken to include a reference to such provisions of the national scheme laws of this jurisdiction as correspond to provisions of the co-operative scheme law. (3) Subject to subsection (4) and to any regulations in force under subsection (7), a reference in an instrument to Code regulations is to be taken to include a reference to such provisions of the Corporations Regulations, or ASIC Regulations, of South Australia as correspond to provisions of the Code regulations. (4) Subject to any regulations in force under subsection (7), a reference in an instrument to a provision of a co-operative scheme law or of Code regulations is to be taken to include a reference to the corresponding provision of a national scheme law of this jurisdiction or of the Corporations Regulations, or ASIC Regulations, of South Australia, as the case may be. (5) Subject to any regulations in force under subsection (7), a reference in an instrument to the NCSC is to be taken to include a reference to the Commission. (6) Regulations under section 80 may declare that, for the purposes of this section— (a) prescribed provisions of national scheme laws of this jurisdiction correspond to prescribed provisions of co-operative scheme laws; and (b) prescribed provisions of the Corporations Regulations, or ASIC Regulations, correspond to prescribed provisions of Code regulations. (7) Regulations under section 80— (a) may declare that subsection (2), (3), (4) or (5) of this section does not apply in relation to prescribed references in prescribed instruments; or (b) may declare that subsection (2), (3), (4) or (5) of this section has effect in relation to prescribed references in prescribed instruments as if, in the subsection, the words "be taken to be" were substituted for the words "be taken to include". (8) Regulations in force because of subsection (6) or (7) have effect accordingly. 91—Conferral of functions and powers in relation to co-operative scheme laws (1) The Commonwealth Director of Public Prosecutions— (a) has the same enforcement powers in relation to the co-operative scheme laws as has the Crown in right of South Australia acting by the Attorney-General or the Director of Public Prosecutions of South Australia; and (b) may, in relation to an offence against a co-operative scheme law, perform the functions and exercise the powers conferred on the Director of Public Prosecutions by the Director of Public Prosecutions Act 1983 of the Commonwealth in relation to offences against the laws of the Commonwealth as if the offence against the co-operative scheme law were an offence against a national scheme law of this jurisdiction. (2) The Australian Federal Police— (a) have the same enforcement powers in relation to the co-operative scheme laws as has the police force of South Australia; and (b) may, in relation to an offence against a co-operative scheme law, perform the functions and exercise the powers conferred on the Australian Federal Police in relation to offences against the laws of the Commonwealth as if the offence against the co-operative scheme law were an offence against a national scheme law of this jurisdiction. (3) The Commonwealth Minister has, in respect of the prosecution of offences against the co-operative scheme laws, the same functions and powers as he or she has in respect of the prosecution of offences against a national scheme law of this jurisdiction. (4) For the purposes of the exercise of enforcement powers, and other functions and powers conferred by this section, including the obtaining of warrants to arrest, an offence against a co-operative scheme law is taken to be an offence against a national scheme law of this jurisdiction. enforcement power means a function or power relating to— (a) the investigation of an offence; or (b) the arrest and custody of persons charged with an offence; or (c) the institution and carrying on of a prosecution of an offence; or (d) matters relating to such an investigation, arrest, custody or prosecution. 92—Arrangements affecting exercise of investigation powers by State authorities and officers (1) Where an arrangement between the Minister and the Commonwealth Minister makes provision in relation to the exercise by a State authority or officer of enforcement powers within the meaning of section 91 in relation to the co-operative scheme laws— (a) the State authority or officer is authorised to act in accordance with that arrangement; and (b) the State authority or officer must not exercise an enforcement power except in accordance with that arrangement; and (c) the exercise of, or failure to exercise, an enforcement power by a State authority or officer is to be taken to have been validly performed or withheld, despite any failure to comply with any conditions in the arrangement. (2) Notice of each arrangement under subsection (1) must be published in the Gazette and in the Commonwealth of Australia Gazette within 21 days after it is made. Division 3—Exemptions 93—Exempt bodies A body corporate is excluded from the definition of corporation in section 9 of the Corporations Law of South Australia if— (a) the body is not a company for the purposes of section 9 of that Law; and (b) it is incorporated by or under a law of South Australia other than that Law or a corresponding previous law. Division 4—Australian Stock Exchange Limited 95—Saving of provisions about Australian Stock Exchange Limited (1) Section 85 does not apply in relation to Part 2A of the Securities Industry (South Australia) Code. (2) Part 2A has effect, as provided in this section, despite the national scheme laws of this jurisdiction. (3) A reference in Part 2A to a relevant Code, except in relation to a time before the commencement of this section, is taken to be a reference to a national scheme law of this jurisdiction. (4) Subject to subsection (5), a reference in Part 2A to a particular co-operative scheme law, except in relation to a time before that commencement, is taken to be a reference to such provisions of the national scheme laws of this jurisdiction as correspond to provisions of that law. (5) A reference in Part 2A to a provision of a co-operative scheme law (other than a provision of Part 2A itself), except in relation to a time before that commencement, is taken to be a reference to the corresponding provision of a national scheme law of this jurisdiction. (6) Regulations in force because of section 90(6) also have effect for the purposes of this section. Division 5—Companies Auditors and Liquidators Disciplinary Board 96—Board to continue in existence for certain purposes The Companies Auditors and Liquidators Disciplinary Board established under section 13 of the Companies (Administration) Act 1982 may perform the functions and exercise the powers conferred on it under Division 2 of Part II of the Companies (South Australia) Code in respect of applications made to it under Subdivision B of that Division before the commencement of this section. Division 6—Functions of Commonwealth authorities and officers of the Commonwealth 96A—Definitions In this Division— function includes a power; old corporations legislation has the same meaning as in the Corporations (Ancillary Provisions) Act 2001; perform includes exercise. 96B—Functions of Commonwealth authorities and officers of the Commonwealth If a Commonwealth authority or an officer of the Commonwealth has a function expressed to be conferred on the authority or officer by or under the old corporations legislation, the authority or officer is not under a duty to perform that function.

Part 14

Provisions affecting Corporations Law

Part 14—Provisions affecting Corporations Law 97—Certain land transfers by companies not to constitute reduction of share capital (1) Where land under the operation of the Real Property Act 1886 is comprised in— (a) a strata plan deposited under the Strata Titles Act 1988; or (aa) a community plan deposited under the Community Titles Act 1996; or (b) a plan of division under Part 19AB of the Real Property Act 1886, and, at the time the plan was deposited, filed or enrolled, the proprietor of that land was a company, the transfer by the company of— (c) a unit on the strata plan; or (ca) a lot on the community plan; or (d) an allotment on the plan of division, in exchange for or in satisfaction of a right of the kind referred to in section 195(13) of the Corporations Law, does not of itself constitute, and is to be taken never to have constituted, a reduction of the share capital of the company. (2) Subsection (1) does not apply to a transfer made on or after the commencement of section 9 of the Corporations (South Australia) (Miscellaneous) Amendment Act 2000. Schedule—Savings and transitional provisions 1—Interpretation In this Schedule— amending provisions means sections 3 to 16 (inclusive) of the Corporations (South Australia) (Jurisdiction) Amendment Act 1995; Court means the Federal Court of Australia or the Supreme Court of a State or Territory. 2—Application of amendments The amendments made by the amending provisions apply to proceedings commenced, or recommenced, after the commencement of the amending provisions, whether the cause of action arose before or after that commencement. 3—Effect of decision that court did not have jurisdiction (1) This clause applies if— (a) before the commencement of the amending provisions, proceedings in respect of a civil matter under the Corporations Law of South Australia were commenced in a court (the first court) other than the Court; and (b) the first court, or another court on appeal from a decision of the first court, decided before the commencement of the amending provisions that the first court did not have jurisdiction in respect of the matter; and (c) the decision that the first court did not have jurisdiction still stands at the commencement of the amending provisions; and (d) the first court would have had jurisdiction in respect of the matter if the amending provisions had commenced before the cause of action arose. (2) The validity of the decision that the first court did not have jurisdiction is not affected by the amendments made by the amending provisions. (3) That decision does not affect a recommencement of the proceedings after the commencement of the amending provisions. 4—Effect of absence of decision that court did not have jurisdiction (1) This clause applies if— (a) before the commencement of the amending provisions, proceedings in respect of a civil matter under the Corporations Law of South Australia were commenced in a court (the first court) other than the Court; and (b) either— (i) no court expressly decided, before the commencement of the amending provisions, whether the first court had jurisdiction in respect of the matter; or (ii) a decision of the first court, or of another court on appeal from a decision of the first court, that the first court did have jurisdiction in respect of the matter still stands at the commencement of the amending provisions. (2) For the purposes of any consideration by a court, after the commencement of the amending provisions, of whether the first court had jurisdiction in respect of the matter, the first court is taken to have had jurisdiction in respect of the matter if it would have had that jurisdiction if the amending provisions had commenced before the cause of action arose. 5—Application of section 42AA (1) In this clause— commencement means the commencement of section 42AA; related criminal justice process decision, in relation to an offence, has the same meaning as in section 42AA. (2) Section 42AA applies in relation to— (a) a decision made on or after the commencement to prosecute a person for an offence, even if the conduct alleged to give rise to the offence occurred before that commencement; or (b) a related criminal justice process decision made on or after the commencement in relation to an offence, even if either or both of the following apply: (i) the conduct alleged to give rise to the offence occurred before the commencement; (ii) the prosecution of the offence, or an appeal arising out of the prosecution, was commenced before the commencement. (3) Section 42AA also applies in relation to— (a) a decision made before the commencement to prosecute a person for an offence, even if that decision is the subject of an application that is before a court at the commencement; or (b) a related criminal process decision made before the commencement in relation to an offence, even if either or both of the following apply: (i) the decision is the subject of an application that is before a court at the commencement; or (ii) the prosecution of the offence, or an appeal arising out of that prosecution, was commenced before the commencement. Legislative history Notes • Please note—References in the legislation to other legislation or instruments or to titles of bodies or offices are not automatically updated as part of the program for the revision and publication of legislation and therefore may be obsolete. • Earlier versions of this Act (historical versions) are listed at the end of the legislative history. • For further information relating to the Act and subordinate legislation made under the Act see the Index of South Australian Statutes or www.legislation.sa.gov.au. Principal Act and amendments New entries appear in bold. Year No Title Assent Commencement Corporations (South Australia) Act 1990 20.12.1990 1.1.1991 (Gazette 20.12.1990 p1842) Corporations (South Australia) (Miscellaneous) Amendment Act 1991 12.12.1991 Pt 2 (ss 4, 6, 16—18)—1.1.1991: s 2(2) except ss 3, 5, 7—15—31.7.1992 (Gazette 23.7.1992 p675) Corporations (South Australia) (Jurisdiction) Amendment Act 1995 9.3.1995 16.10.1995 (Gazette 12.10.1995 p970) Statutes Amendment (Community Titles) Act 1996 9.5.1996 s 4—4.11.1996 (Gazette 31.10.1996 p1460) Financial Sector Reform (South Australia) Act 1999 17.6.1999 Sch (item 14)—1.7.1999 being the date specified under s 3(16) of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 of the Commonwealth as the transfer date for the purposes of that Act: s 2(2) Corporations (South Australia) (Miscellaneous) Amendment Act 2000 8.6.2000 24.11.2000 (Gazette 23.11.2000 p3234) Statutes Amendment (Federal Courts—State Jurisdiction) Act 2000 14.12.2000 Pt 4 (ss 12—30)—28.1.2001 (Gazette 25.1.2001 p301) Corporations (Ancillary Provisions) Act 2001 14.6.2001 s 31—15.7.2001 immediately before the Corporations Act 2001 of the Commonwealth came into operation: Commonwealth of Australia Gazette No. S 285, 13 July 2001: s 2 Statutes Amendment (Administrative Review Tribunal) Act 2025 Pt 6 (ss 10 & 11)—20.11.2025: s 2 Provisions amended New entries appear in bold. Entries that relate to provisions that have been deleted appear in italics. Provision How varied Commencement Pt 1

s 1

s 1(2) amended by 19/2000 s 3 s 2 omitted under Legislation Revision and Publication Act 2002

s 3

s 3(1)

applicable provision ASC Act deleted by 19/2000 s 4(a) ASIC Act inserted by 19/2000 s 4(a) ASIC Law ASC Law amended to read as ASIC Law by 19/2000 s 10 ASIC Law of South Australia ASC Law of South Australia amended to read as ASIC Law of South Australia by 19/2000 s 10 ASIC Regulations ASC Regulations amended to read as ASIC Regulations by 19/2000 s 10 ASIC Regulations of South Australia ASC Regulations of South Australia amended to read as ASIC Regulations of South Australia by 19/2000 s 10 Commission substituted by 19/2000 s 4(b) Commonwealth administrative laws amended by 79/1991 s 4

amended by 74/2000 s 12(a)

(b) deleted by 74/2000 s 12(b)

amended by 54/2025 s 10 Commonwealth authority inserted by 74/2000 s 12(c) Commonwealth law corresponding law Family Court inserted by 79/1991 s 5(a)

deleted by 74/2000 s 12(d) Federal Court inserted by 79/1991 s 5(a) national scheme law of this jurisdiction officer of the Commonwealth inserted by 74/2000 s 12(e) State Family Court inserted by 79/1991 s 5(b) Pt 2

s 7 amended by 20/2001 s 31(a) s 8

s 8(1) amended by 20/2001 s 31(b), (c) Pt 3

s 12

s 12(2) amended by 20/2001 s 31(d) s 12(3) amended by 20/2001 s 31(e) Pt 4

s 15

s 15(1a) inserted by 19/2000 s 5 Pt 5

s 20 Pt 6 deleted by 19/2000 s 6 Pt 8

s 26 s 27

s 27(1) s 30

s 30(1) amended by 79/1991 s 6 s 31

s 31(5) inserted by 20/2001 s 31(f) s 33 deleted by 20/2001 s 31(g) s 36A inserted by 74/2000 s 13

substituted by 54/2025 s 11 s 37

s 37(5) inserted by 20/2001 s 31(h) s 39 deleted by 20/2001 s 31(i) Pt 9

s 40

s 40(1) amended by 6/1995 s 3

amended by 74/2000 s 14 s 41

s 41(1)

civil matter inserted by 6/1995 s 4(a) Corporations Law inserted by 6/1995 s 4(a) lower court superior court

substituted by 74/2000 s 15(a) superior court matter s 41(2) amended by 79/1991 s 7

(a)(viii) deleted by 74/2000 s 15(b) s 42

s 42(1) amended by 74/2000 s 16(a) s 42(1a) and (1b) inserted by 74/2000 s 16(b) s 42(2) amended by 74/2000 s 16(c) s 42(3) amended by 79/1991 s 8

substituted by 74/2000 s 16(d) s 42A inserted by 79/1991 s 9 s 42A(1) deleted by 74/2000 s 17(a) s 42A(2) amended by 74/2000 s 17(b) s 42A(4) inserted by 74/2000 s 17(c) s 42AA inserted by 74/2000 s 18 s 42B inserted by 6/1995 s 5 s 42B(1) amended by 74/2000 s 19 s 43 substituted by 79/1991 s 10 s 43(1) amended by 74/2000 s 20(a) s 43(2) and (3) deleted by 74/2000 s 20(b) s 43(4) substituted by 6/1995 s 6

amended by 74/2000 s 20(c) s 43(5) amended by 74/2000 s 20(d) s 43(6) amended by 74/2000 s 20(e) s 44

s 44(1) substituted by 74/2000 s 21(a) s 44(2) amended by 74/2000 s 21(b) s 44(3)—(5) deleted by 79/1991 s 11

inserted by 74/2000 s 21(c) s 44(6) and (7) inserted by 74/2000 s 21(c) s 44A s 44A(1) amended by 74/2000 s 22(a) s 44A(2) amended by 6/1995 s 7

amended by 74/2000 s 22(b)—(e) s 44A(3) amended by 74/2000 s 22(f) s 44A(5) inserted by 74/2000 s 22(g) s 44AA inserted by 6/1995 s 8 s 44AA(6a) inserted by 74/2000 s 23 s 44B

substituted by 6/1995 s 9 s 44C

amended by 6/1995 s 10 s 44D

amended by 6/1995 s 11 s 45

s 45(1) amended by 79/1991 s 13(a) s 45(3)

relevant jurisdiction amended by 79/1991 s 13(b)—(e)

amended by 6/1995 s 12

(a) and (b) deleted by 74/2000 s 24(a)

amended by 74/2000 s 24(b) s 46 amended by 6/1995 s 13

amended by 74/2000 s 25 s 47 amended by 6/1995 s 14 s 50

s 50(1) amended by 79/1991 s 14(a)

amended by 6/1995 s 15(a), (b)

substituted by 74/2000 s 26(a) s 50(2) amended by 79/1991 s 14(b), (c)

amended by 6/1995 s 15(c), (d)

amended by 74/2000 s 26(b) s 51

s 51(1a) inserted by 6/1995 s 16(a) s 51(2) amended by 6/1995 s 16(b) s 51(3) amended by 6/1995 s 16(c) s 52 deleted by 74/2000 s 27 s 52A inserted by 79/1991 s 15 s 52A(1) deleted by 74/2000 s 28 s 54

s 54(2)

amended by 74/2000 s 29 Pt 11 Pt 11 Div 1 s 58

s 58(1)

amended by 20/2001 s 31(j) s 58(2) s 59

amended by 20/2001 s 31(k) s 60

s 60(1) Advisory Committee affairs amended by 19/2000 s 7(a) assist Australia books amended by 33/1999 Sch (item 14) 1.7.1999

amended by 19/2000 s 7(b) Chairperson Commission amended by 19/2000 s 7(c) Commission delegate court Disciplinary Board examination expenses foreign country give hearing meeting member national scheme law national scheme law of this jurisdiction officer amended by 6/1995 s 17 Panel Panel proceedings inserted by 19/2000 s 7(d) prescribed produce record regulations staff member Territory this Act witness substituted by 19/2000 s 7(e) s 60(2) s 61 s 62

s 62(1) and (2) Pt 11 Div 2 s 63

s 63(1) and (2) s 64

s 64(2) s 64(3)

amended by 20/2001 s 31(l) s 65

s 65(1), (2) and (4) Pt 11 Div 3

s 67 deleted by 20/2001 s 31(m) s 68 (b) deleted by 20/2001 s 31(n) s 69 deleted by 20/2001 s 31(o) Pt 11 Div 6

s 72 s 73

s 73(1) and (2) s 74

s 74(1) s 74(3) substituted by 79/1991 s 16

s 75 substituted by 6/1995 s 18 s 75(1) Pt 13

Pt 13 Div 2

s 85

s 85(1) amended by 20/2001 s 31(p) s 85(4) inserted by 20/2001 s 31(q) s 87

s 87(3) and (4) inserted by 20/2001 s 31(r) s 90

s 90(1)

instrument substituted by 79/1991 s 17

s 90(3), (4) and (6) s 91

s 91(1) substituted by 79/1991 s 18

amended by 6/1995 s 19 Pt 13 Div 3

s 94 deleted by 19/2000 s 8 Pt 13 Div 6 inserted by 20/2001 s 31(s) Pt 14

s 97

s 97(1) s 97 amended by 38/1996 s 4 4.11.1996

s 97 redesignated as s 97(1) by 19/2000 s 9 s 97(2) inserted by 19/2000 s 9 Sch inserted by 6/1995 s 20 cl 5 inserted by 74/2000 s 30 Transitional etc provisions associated with Act or amendments Corporations (South Australia) (Miscellaneous) Amendment Act 1991 20—Reports and financial statements The Minister must cause— (a) a copy of each report of the operations of the National Companies and Securities Commission and the financial statements of the National Companies and Securities Commission prepared by the Australian Securities Commission in accordance with section 14(1), (7) or (8) of the Corporations Legislation Amendment Act 1991 of the Commonwealth; and (b) a copy of the report of the Auditor-General for the Commonwealth on those financial statements, being reports and financial statements copies of which have been submitted to the Minister by the Australian Securities Commission under section 15(3) of that Act, to be laid before each House of the Parliament within 12 sittings days of that House after its receipt by the Minister. Historical versions Reprint No 1—12.12.1991

Reprint No 2—31.7.1992

Reprint No 3—16.10.1995

Reprint No 4—4.11.1996

Reprint No 5—1.7.1999

Reprint No 6—24.11.2000

Reprint No 7—28.1.2001

Reprint No 8—15.7.2001

Source text: opening excerpt

Sourced from South Australian Legislation (legislation.sa.gov.au), CC BY 4.0.

1 Corporations (South Australia) Act 1990

South Australia Corporations (South Australia) Act 1990 An Act to apply certain provisions of laws of the Commonwealth relating to corporations, the securities industry and the futures industry as laws of South Australia; and for other purposes.

Contents Part 1—Preliminary 1 Short title and purposes 3 Definitions 4 Australian Capital Territory 5 This Act and applicable provisions of South Australia not to be affected by later State laws 6 Operation of other South Australian Laws Part 2—The Corporations Law, and the Corporations Regulations, of South Australia 7 Application in South Australia of the Corporations Law 8 Application of regulations 9 Interpretation of some expressions in the Corporations Law, and the Corporations Regulations, of South Australia 10 Interpretation law Part 3—Citing the Corporations Law and the Corporations Regulations 11 Simpler citation of Corporations Law, and Corporations Regulations, of South Australia 12 References to Corporations Law, and Corporations Regulations, of other jurisdictions 13 References to Corporations Law and Corporations Regulations Part 4—Application of the Corporations Law to the Crown 14 Interpretation 15 Corporations Law of South Australia 16 Corporations Law of other jurisdictions 17 Crown not liable to prosecution 18 This Part overrides the prerogative Part 5—Application orders 19 Commonwealth Minister to obtain consent of State Minister 20 Application orders for ASIC Law Part 7—Imposition of fees and taxes 22 Fees (including taxes) for chargeable matters 23 Contributions and levies for fidelity funds of securities exchanges 24 Levies for National Guarantee Fund 25 Contributions and levies for fidelity funds of futures organisations Part 8—National administration and enforcement of the Corporations Law Division 1—Preliminary 26 Object 27 Effect of Part Division 2—Offences against applicable provisions 28 Object 29 Application of Commonwealth laws in relation to offences against applicable provisions 30 Application of Commonwealth laws in relation to offences against applicable provisions of other jurisdictions 31 Functions and powers conferred on Commonwealth authorities 32 Reference in Commonwealth law to a provision of another law Division 3—Administrative law 34 Object 35 Application of Commonwealth administrative laws in relation to applicable provisions 36 Application of Commonwealth administrative laws in relation to applicable provisions of other jurisdictions 36A Construction of references to Part 7 of Administrative Review Tribunal Act (Cwth) 37 Functions and powers conferred on Commonwealth authorities 38 Reference in Commonwealth administrative law to a provision of another law Part 9—Jurisdiction and procedure of courts Division 1—Vesting and cross-vesting of civil jurisdiction 40 Operation of Division 41 Interpretation 42 Jurisdiction of State and Territory Supreme Courts 42A Jurisdiction of State Family Courts 42AA Jurisdiction of Supreme Court in relation to certain decisions made by Commonwealth officers 42B Jurisdiction of lower courts 43 Appeals 44 Transfer of proceedings by the Federal Court and State and Territory Supreme Courts 44A Transfer of proceedings by State Family Courts 44AA Transfer of proceedings in lower courts 44B Further matters for court to consider when deciding whether to transfer proceeding 44C Transfer may be made at any stage 44D Transfer of documents 45 Conduct of proceedings 46 Courts to act in aid of each other 47 Exercise of jurisdiction pursuant to cross-vesting provisions 48 Rights of appearance 49 Limitation on appeals 50 Enforcement of judgments 51 Rules of the Supreme Court 52A Rules of the State Family Court Division 2—Vesting and cross-vesting of criminal jurisdiction 53 Operation of Division 54 Interpretation 55 Jurisdiction of courts 56 Laws to be applied Part 10—Companies Liquidation Account 57 Companies Liquidation Account Part 11—The ASIC Law, and the ASIC Regulations, of South Australia Division 1—Application of ASIC Act and ASIC Regulations 58 Application in South Australia of the ASIC Act 59 Application of regulations 60 Interpretation of some expressions in ASIC Law, and ASIC Regulations, of South Australia 61 Giving information 62 Interpretation law Division 2—Citing the ASIC Law and the ASIC Regulations 63 Alternative citations of the ASIC Law, and the ASIC Regulations, of South Australia 64 References to ASIC Law, and ASIC Regulations, of another jurisdiction 65 References to ASIC Law and ASIC Regulations Division 3—The Commission 66 Conferral of functions and powers on Commission 68 Conferral of other functions and powers for purposes of law in South Australia Division 4—The Panel 70 Conferral of functions and powers on the Panel Division 5—The Disciplinary Board 71 Conferral of functions and powers on the Disciplinary Board Division 6—Miscellaneous 72 Acting appointments 73 Alteration of names and constitutions 74 Application of Commonwealth Crimes Act 75 Application of Commonwealth Evidence Act Part 12—General Division 1—Arrangements 76 Definition 77 Arrangements relating to applicable provisions 78 Notice of arrangement Division 2—Penalties and fines 79 Application of penalties and fines Division 3—Regulations 80 Regulations Part 13—Transitional Division 1—Staff 81 Information previously acquired 82 Staff 83 Superannuation arrangements with Commission Division 2—Co-operative scheme laws 84 Co-operative scheme laws 85 National scheme laws prevail over co-operative scheme laws 86 Regulations may exclude residual operation of co-operative scheme laws 87 Effect of sections 85 and 86 88 Regulations may modify co-operative scheme laws 89 Co-operative scheme laws not affected by certain Commonwealth regulations 90 References to co-operative scheme laws and regulations 91 Conferral of functions and powers in relation to co-operative scheme laws 92 Arrangements affecting exercise of investigation powers by State authorities and officers Division 3—Exemptions 93 Exempt bodies Division 4—Australian Stock Exchange Limited 95 Saving of provisions about Australian Stock Exchange Limited Division 5—Companies Auditors and Liquidators Disciplinary Board 96 Board to continue in existence for certain purposes Division 6—Functions of Commonwealth authorities and officers of the Commonwealth 96A Definitions 96B Functions of Commonwealth authorities and officers of the Commonwealth Part 14—Provisions affecting Corporations Law 97 Certain land transfers by companies not to constitute reduction of share capital Schedule—Savings and transitional provisions 1 Interpretation 2 Application of amendments 3 Effect of decision that court did not have jurisdiction 4 Effect of absence of decision that court did not have jurisdiction 5 Application of section 42AA Legislative history

Corporations (South Australia) Act 1990

Plain English Summary

Deep Dive

What it does

Current sections

Preliminary

The Corporations Law, and the Corporations Regulations, of South Australia

Citing the Corporations Law and the Corporations Regulations

Application of the Corporations Law to the Crown

(except Part 5.8) of the Corporations Law of each jurisdiction other than South Australia binds the Crown in right of the State of South Australia.

Imposition of fees and taxes

National administration and enforcement of the Corporations Law

Preliminary

Offences against applicable provisions

Administrative law

Jurisdiction and procedure of courts

Companies Liquidation Account

The ASIC Law, and the ASIC Regulations, of South Australia

The Panel

The Disciplinary Board

Miscellaneous

Transitional

Provisions affecting Corporations Law

Source text: opening excerpt

1 Corporations (South Australia) Act 1990

Who it affects

Key duties and rights

Penalties and enforcement

How it interacts with other laws

Recent changes and why

Court challenges and controversies

Gotchas

How to comply