47Exercise of jurisdiction pursuant to cross-vesting provisions

47 Exercise of jurisdiction pursuant to cross-vesting provisions

*[Section 47 Amended by No. 33 of 1995, s. 15 ]*A court of Tasmania 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.