Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p200
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 200/212)
Character Range: 518881–521524

Minister within the period as so extended; and

     (c) the Minister must cause a copy of the periodic report to be laid before each House of the Parliament within 15 sitting days of that House after receiving the report.

"(7) Where this or any other Act requires a body to furnish a periodic report to the Minister within a specified period or an extension of that period under this section and the body fails to do so:

     (a) the body must, not later than 14 days after the end of that specified period or extension, as the case may be, give the Minister a statement in writing explaining why the report was not furnished as required; and

     (b) the Minister must cause a copy of the statement to be laid before each House of the Parliament within 3 sitting days of that House after receiving the statement.".

Subsection 11 (1):

  Omit the subsection, substitute:

"(1) The Commission has such functions and powers as are conferred on it by or under the following:

  (a) the Corporations Act 1989;

  (b) the Corporations Law of the Capital Territory;

  (c) this Act.

"(1a) The Commission also has the functions and powers expressed to be conferred upon the NCSC by or under:

     (a) any Act that is a relevant Act for the purposes of the Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980; or

  (b) any law of a State that corresponds to such an Act.

SCHEDULE 7—continued

"(1b) In the performance of a function, or the exercise of a power, referred to in paragraph (1a) (a), the Commission is not subject to any directions other than directions given under section 12.".

Subsection 11 (5):

  Omit the subsection.

Section 11:

  Add at the end:

"(7) The Commission has any functions and powers that are expressed to be conferred on it by a national scheme law of another jurisdiction.

"(8) The Commission may, with the consent of the Minister, enter into an agreement or arrangement with a State or Territory for the performance of functions or the exercise of powers by the Commission as an agent of the State or Territory.

"(9) The Commission has such functions and powers as are referred to in such an agreement or arrangement.

"(10) The Commission has power to do acts in the Capital Territory in the performance or exercise of any function or power:

     (a) expressed to be conferred on the Commission by a national scheme law of another jurisdiction; or

     (b) referred to in an agreement or arrangement of the kind referred to in subsection (8).".

Subsection 12 (1):

  Add at the end "under a national scheme law of this jurisdiction".

Subsection 13 (1):

Insert "of this