Document ID: chunk:federal_register_of_legislation:C2006C00150:section:13
Version: federal_register_of_legislation:C2006C00150
Segment Type: section
Provision Reference: s 13
Character Range: 29300–30240

13  Continuing functions of Commonwealth agencies under State and Territory national scheme laws

 (1) Commonwealth authorities and officers:
 (a) have the transitional national scheme functions and powers; and
 (b) have the functions and powers conferred on them by virtue of the operation of Part 3 of this Act (special transitional arrangements for the ACT).

 (2) A Commonwealth authority or officer:
 (a) is not subject to any directions in relation to the performance or exercise of a transitional national scheme function or power; and
 (b) is not under a duty to perform or exercise a transitional national scheme function or power.

 (3) Subsection (2) does not apply to the Australian Securities and Investments Commission.

Note: Subsection 271(2) of the Australian Securities and Investments Commission Act 2001 deals with the performance and exercise of transitional national scheme functions by ASIC.

Part 5—Regulations