8Application of Corporations Act

8 Application of Corporations Act

(1)  The Corporation or any subsidiary of the Corporation and each director, secretary, other officer or employee of the Corporation or any subsidiary of the Corporation is declared to be an excluded matter for the purposes of section 5F of the Corporations Act in relation to –

(a) the following provisions of the Corporations Act:

(i) Part 2M.4;

(ii) Chapter 6;

(iii) Chapter 6A;

(iv) Chapter 6B;

(v) Chapter 6C;

(vi) Chapter 6CA;

(vii) Chapter 6D;

(viii) Chapter 7;

(ix) Chapter 8; and

(b) any other provisions of the Corporations legislation to the extent specified by the regulations for the purposes of this subsection.

(2)  The appointment and removal of directors of the Corporation (other than the disqualification of a person from managing a Corporation) are declared to be excluded matters for the purposes of section 5F of the Corporations Act in relation to Chapter 2D of that Act.

(3)  To the extent that any provision of this Act or the regulations is incapable of concurrent operation with the Corporations legislation, that provision is declared to be a Corporations legislation displacement provision for the purposes of section 5G of the Corporations Act.

(4)  The regulations may declare the Corporation or any subsidiary of the Corporation and any matter relating to the Corporation or subsidiary to be an applied Corporations legislation matter for the purposes of Part 3 of the Corporations (Ancillary Provisions) Act 2001 in relation to –

(a) the whole of the Corporations legislation; or

(b) an Act, regulations or other instrument forming part of the Corporations legislation; or

(c) a provision or provisions of the Corporations legislation or of an Act, regulations or other instrument forming part of the Corporations legislation.