10Jurisdiction and functions of the Tribunal

#### 10 Jurisdiction and functions of the Tribunal 10 Jurisdiction and functions of the Tribunal > > (1) The Tribunal has, except as provided by sections 29 and 32, exclusive jurisdiction to hear and determine proceedings referred to in sections 11 and 12. > > > (2) The Tribunal has such other jurisdiction as may be conferred on it by or under any other Act. > > > (3) The Tribunal has, wherever sitting, jurisdiction throughout New South Wales. > > > (4) In any proceedings brought under section 11 or transferred under section 12, the Tribunal has the same power to make decisions as the Supreme Court would, but for this section, have had in relation to similar proceedings brought in the Supreme Court. > > > (5) Subject to sections 13 (6) and 14, a decision of the Tribunal has the same effect as, and may be enforced in the same way as, a decision of the Supreme Court. > > > (6) The following matters are declared to be excluded matters for the purposes of section 5F of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth in relation to the provisions of sections 471B and 500 (2) of that Act— > > > > > (a) proceedings under section 11 of this Act, > > > > > (b) proceedings transferred under section 12 of this Act, > > > > being proceedings that, but for this subsection, could not be commenced or proceeded with without the leave of the Court referred to in section 471B or 500 (2) of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth. > > > > Note— > > > > In the absence of this subsection, sections 471B and 500 (2) of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth would require the leave of the Federal Court or the Supreme Court to commence or proceed with proceedings under this Act against certain companies that are being externally administered. This section ensures that section 5F of that Act will operate to ensure that those sections will not require the leave of the Court directing the external administration before proceedings can be commenced or proceeded with in the Tribunal. > > > (7) Proceedings to which subsection (6) refers are declared to be an applied Corporations legislation matter for the purposes of Part 3 of the [Corporations (Ancillary Provisions) Act 2001](/view/html/inforce/current/act-2001-032) in relation to sections 471B and 500 (2) of the [Corporations Act 2001](http://www.legislation.gov.au/) of the Commonwealth as if a reference in those sections to the Court were a reference to the Tribunal. > > > > Note— > > > > Part 3 of the [Corporations (Ancillary Provisions) Act 2001](/view/html/inforce/current/act-2001-032) provides for the application of provisions of the [Corporations Act 2001](http://www.legislation.gov.au/) and Part 3 of the [Australian Securities and Investments Commission Act 2001](http://www.legislation.gov.au/) of the Commonwealth as laws of the State in respect of any matter declared by a law of the State (whether with or without modification) to be an applied Corporations legislation matter for the purposes of that Part in relation to those Commonwealth provisions. Section 14 (2) of the [Corporations (Ancillary Provisions) Act 2001](/view/html/inforce/current/act-2001-032) ensures that a declaration made for the purposes of Part 3 of that Act only operates to apply a provision of the Corporations legislation to a matter as a law of the State if that provision does not already apply to the matter as a law of the Commonwealth. If a provision referred to in a declaration already applies as a law of the Commonwealth, nothing in the declaration will affect its continued operation as a law of the Commonwealth. > > **s 10:** Am 2001 No 34, Sch 2.11 \[2\]; 2001 No 112, Sch 2.15.