Document ID: chunk:federal_register_of_legislation:C2005C00504:clause:3_12jc
Version: federal_register_of_legislation:C2005C00504
Segment Type: clause
Provision Reference: sch 3 cl 12JC
Character Range: 66108–66913

12JC  Application of securities provisions as Commonwealth law

 (1) The securities provisions apply as a law of the Commonwealth by force of this section.

Note: The Corporations Law consists of separate laws for the various Australian jurisdictions. Subsection (1) will therefore have the effect of applying the securities provisions with their separate operations in the various Australian jurisdictions.

 (2) The application of the securities provisions in accordance with this Subdivision is in addition to the application that they have apart from this Subdivision.

 (3) The securities provisions, as they have effect in accordance with this Subdivision, are referred to in this Subdivision as the applied law.

 (4) A person is not liable to be prosecuted for an offence under the applied law.