27Functions of AER relating to cross-border exemptions

#### 27 Functions of AER relating to cross-border exemptions 27 Functions of AER relating to cross-border exemptions (cf 2013 reg cl 21) > > (1) The AER has the function of monitoring compliance with, and enforcement of, conditions of exemption by persons exempted from the National Law under clauses 24–26, but only if the National Law applies in the other State or Territory referred to in those clauses. > > > (2) The AER also has and may exercise, in relation to compliance with and enforcement of those conditions, the same functions and powers as it has in relation to compliance with and enforcement of the National Law.