Document ID: chunk:federal_register_of_legislation:C2004A05097:clause:1_8at
Version: federal_register_of_legislation:C2004A05097
Segment Type: clause
Provision Reference: sch 1 cl 8AT
Character Range: 32912–34158

8AT  Commonwealth to be bound by Chapter 7 of the Corporations Law

 (1) Chapter 7 of the Corporations Law binds the Crown in right of the Commonwealth to the extent to which that Chapter deals with the formulation, entering into, or carrying out, of a Telstra sale scheme.

 (2) Subsection (1) has effect despite anything in the following laws:
 (a) the Corporations Act 1989;
 (b) the Corporations (New South Wales) Act 1990 of New South Wales;
 (c) the Corporations (Northern Territory) Act 1990 of the Northern Territory;
 (d) the Corporations (Queensland) Act 1990 of Queensland;
 (e) the Corporations (South Australia) Act 1990 of South Australia;
 (f) the Corporations (Tasmania) Act 1990 of Tasmania;
 (g) the Corporations (Victoria) Act 1990 of Victoria;
 (h) the Corporations (Western Australia) Act 1990 of Western Australia.

 (3) This section does not render the Crown in right of the Commonwealth liable to be prosecuted for an offence.

 (4) For the purposes of subsection (1), if Chapter 7 of the Corporations Law is repealed and replaced by another provision of the Corporations Law that deals with securities regulation, the reference in that subsection to Chapter 7 is to be read as a reference to the replacement provision.