Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p49
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 49/212)
Character Range: 131377–134045

this Law, is a reference to the provision of the Corporations Law of another jurisdiction that corresponds to that provision of this Law.

  "(3) A reference to a corresponding previous law is a reference:

     (a) to a previous law of this jurisdiction that corresponds, in whole or in part, to this Law, to the extent that it so corresponds; and

     (b) except where the contrary intention appears—to a previous law of another jurisdiction that corresponds to a law referred to in paragraph (a).

"(4) A reference, in relation to a provision of this Law, to a corresponding previous law, or a reference to a previous law corresponding to a provision of this Law, is a reference:

  (a) to a provision of a previous law of this jurisdiction that:

       (i) corresponds to that provision of this Law; or

         (ii) is declared by the regulations to be a provision that so corresponds; and

  (b) except where the contrary intention appears—to a provision of

SCHEDULE 1—continued

     a previous law of another jurisdiction that corresponds to the provision referred to in paragraph (a).

"(5) A reference to the lodgment or registration of a prospectus under a corresponding previous law is a reference to the lodgment of a copy of a prospectus with, or the registration of a copy of a prospectus by, as the case may be, the NCSC under:

  (a) a corresponding previous law of this jurisdiction; or

     (b) a law of another jurisdiction that corresponds to that corresponding previous law.".

After section 58:

  Insert:

Recognition of acts etc. done under corresponding laws

"58a. (1) A reference to an act done by or in relation to the Commission is a reference to such an act done under or for the purposes of the Corporations Law of this or any other jurisdiction.

"(2) A reference to an act done by or in relation to a court is a reference to such an act done under or for the purposes of the Corporations Law of this or any other jurisdiction.

Discharge of obligations under this Law

"58b. (1) Except as expressly provided in this Law, any act done, whether within Australia or elsewhere, which, if it had been done under or for the purposes of this Law, would have discharged an obligation under this Law, discharges that obligation.

"(2) Subject to subsection (3), an act required to be done under this Law may, for the purposes of this Law, be done anywhere in Australia, whether within or outside this jurisdiction.

"(3) Nothing in subsection (2) affects the operation of any provision of this Law that:

     (a) expressly requires a particular act to be done within this jurisdiction; or

     (b) expressly or by implication permits a