Document ID: chunk:federal_register_of_legislation:C2025C00044:clause:1_1:p2
Version: federal_register_of_legislation:C2025C00044
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 2/16)
Character Range: 498080–501014

subclause (2) had not been enacted; and
 (b) this Act did not apply except to the extent to which it:
 (i) facilitates the administration or enforcement of taxation laws; or
 (ii) facilitates the administration or enforcement of laws of the Commonwealth or of the Territories (other than taxation laws).

Cross‑border movements of bearer negotiable instruments
 (4) Division 2 of Part 4 and section 199, so far as they relate to a monetary instrument that is a bearer negotiable instrument, also have the effect they would have if they were, by express provision, confined to a bearer negotiable instrument that is:
 (a) a bill of exchange; or
 (b) a promissory note.

Correspondent banking
 (5) Part 8 and section 117 also have the effect they would have if:
 (a) each reference in section 95 to another person were, by express provision, confined to another person that is:
 (i) a constitutional corporation; or
 (ii) an individual who is physically present in a foreign country; and
 (b) each reference in section 95 or 96 to another financial institution were, by express provision, confined to another financial institution that is:
 (i) a constitutional corporation; or
 (ii) an individual who is physically present in a foreign country.

Extended meaning of permanent establishment
 (6) For the purposes of paragraph (2)(j) of this clause:
 (a) subsection 21(2) has effect as if each reference in that subsection to a country included a reference to:
 (i) a Territory; and
 (ii) a Commonwealth place; and
 (b) ignore subsection 21(3).

Endnotes

Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes
The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the