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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - NOTES

No. 51, 2001

Compilation No. 90

Compilation date:                              10 August 2022

Includes amendments up to:            Act No. 35, 2022

Registered:                                         20 September 2022

About this compilation

This compilation

This is a compilation of the Australian Securities and Investments Commission Act 2001 that shows the text of the law as amended and in force on 10 August 2022 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

  

  

  


Contents

Part 1--Preliminary                                                                                                             1

Division 1--Objects                                                                                                       1

1............................ Objects................................................................................ 1

Division 2--Citation                                                                                                      3

1A......................... Short title............................................................................ 3

Division 3--Commencement and application                                                  4

2............................ Commencement.................................................................. 4

4............................ Application of this Act........................................................ 4

4A......................... Application of the Criminal Code....................................... 5

Division 4--Interpretation                                                                                         6

5............................ Interpretation....................................................................... 6

5A......................... Application of the Acts Interpretation Act 1901................ 17

6............................ Giving information........................................................... 17

Part 2--Australian Securities and Investments Commission and consumer protection in relation to financial services                                                                                                18

Division 1--Australian Securities and Investments Commission        18

8............................ ASIC is a body corporate................................................. 18

8A......................... ASIC's liabilities are Commonwealth liabilities................ 19

9............................ Membership...................................................................... 19

9A......................... Application of the finance law.......................................... 20

10.......................... Chairperson and Deputy Chairpersons............................. 20

10A....................... Chairperson not subject to direction by ASIC on certain matters             21

11.......................... Corporations legislation functions and powers and other functions and powers      21

12.......................... Directions by Minister...................................................... 24

12A....................... Other functions and powers.............................................. 25

12AA.................... Cooperation with APRA.................................................. 26

Division 2--Unconscionable conduct and consumer protection in relation to financial services            28

Subdivision A--Application                                                                                  28

12AC..................... Division extends to some conduct outside Australia......... 28

12AD.................... Application of Division to Commonwealth and Commonwealth authorities            29

12AE..................... Saving of other laws and remedies................................... 30

Subdivision B--Interpretation                                                                              30

12BA..................... Interpretation..................................................................... 30

12BAA.................. Definition of financial product......................................... 37

12BAB.................. Meaning of financial service............................................. 43

12BB..................... Misleading representations with respect to future matters. 49

12BC..................... Consumers........................................................................ 50

12BD..................... Acquisition, supply and re-supply.................................... 52

12BE..................... Application of Division in relation to leases and licences of land and buildings      53

12BEA.................. Asserting a right to payment............................................. 53

Subdivision BA--Unfair contract terms                                                            54

12BF..................... Unfair terms of consumer contracts and small business contracts            54

12BG..................... Meaning of unfair............................................................. 55

12BH..................... Examples of unfair terms.................................................. 56

12BI...................... Terms that define main subject matter of consumer contracts or small business contracts etc. are unaffected.......................................................................................... 57

12BK..................... Standard form contracts.................................................... 58

12BL..................... Contracts to which this Subdivision does not apply......... 59

12BM.................... Contraventions of this Subdivision etc............................. 60

Subdivision C--Unconscionable conduct                                                           60

12CA..................... Unconscionable conduct within the meaning of the unwritten law of the States and Territories              60

12CB..................... Unconscionable conduct in connection with financial services                61

12CC..................... Matters the court may have regard to for the purposes of section 12CB  62

Subdivision D--Consumer protection                                                                 66

12DA.................... Misleading or deceptive conduct....................................... 66

12DB..................... False or misleading representations.................................. 67

12DC..................... False or misleading representations in relation to financial products that involve interests in land           69

12DD.................... Cash price to be stated in certain circumstances................ 71

12DE..................... Offering rebates, gifts, prizes etc...................................... 71

12DF..................... Certain misleading conduct in relation to financial services 73

12DG.................... Bait advertising................................................................. 74

12DH.................... Referral selling.................................................................. 75

12DI...................... Accepting payment without intending or being able to supply as ordered                75

12DJ...................... Harassment and coercion.................................................. 76

12DK..................... Pyramid selling of financial products................................ 77

12DL..................... Unsolicited credit cards and debit cards............................ 79

12DM.................... Assertion of right to payment for unsolicited financial services etc.         81

12DMA................. Liability of recipient for unsolicited financial services etc. 82

12DMB................. Assertion of right to payment for unauthorised advertisements               82

12DMC................. Caps on commissions for add-on risk products supplied in connection with motor vehicles   84

12DN.................... Application of provisions of this Division to information providers        87

Subdivision DA--Deferred sales for add-on insurance products                 90

12DO.................... Meaning of add-on insurance product............................. 90

12DP..................... Meaning of add-on insurance deferral period and add-on insurance pre-deferral period     91

12DQ.................... Prohibition on selling add-on insurance products before end of add-on insurance deferral period etc.    93

12DR..................... Prohibition on offering add-on insurance product during add-on insurance deferral period    94

12DS..................... Prohibition on offering add-on insurance product--customer opt-out     96

12DT..................... Right of return and refund for add-on insurance product sold in contravention of section 12DQ            97

12DU.................... Exception for financial advisers........................................ 98

12DV.................... Exception for product covered by product intervention order  99

12DW.................... Exception for comprehensive motor vehicle insurance..... 99

12DX.................... Exemption by regulations............................................... 100

12DY.................... Exemption by ASIC....................................................... 101

12DZ..................... Effect of exemption......................................................... 102

12DZA.................. Contravention of conditions on exemption..................... 103

Subdivision E--Conditions and warranties in consumer transactions     104

12EA..................... Conflict of laws.............................................................. 104

12EB..................... Application of provisions not to be excluded or modified 104

12EC..................... Limitation of liability for breach of certain conditions or warranties        105

12ED..................... Warranties in relation to the supply of financial services 106

Subdivision G--Enforcement and remedies                                                   107

12GA.................... Interpretation................................................................... 107

12GB..................... Offences against Subdivision D or DA.......................... 107

12GBA.................. Declaration of contravention of civil penalty provision... 110

12GBB.................. Pecuniary penalty orders................................................. 111

12GBC.................. Maximum pecuniary penalty........................................... 112

12GBCA............... Pecuniary penalty applicable........................................... 112

12GBCB............... Civil enforcement of pecuniary penalty order................. 113

12GBCC............... Relinquishing the benefit derived from engaging in conduct resulting in a pecuniary penalty order        113

12GBCD............... Civil enforcement of relinquishment order...................... 114

12GBCE................ Meaning of benefit derived and detriment avoided because of a contravention of a civil penalty provision........................................................................................ 114

12GBCF................ Civil evidence and procedure rules for declarations of contravention, pecuniary penalty orders and relinquishment orders..................................................... 115

12GBCG............... Civil proceedings after criminal proceedings.................. 115

12GBCH............... Criminal proceedings during civil proceedings............... 115

12GBCJ................ Criminal proceedings after civil proceedings.................. 116

12GBCK............... Evidence given in civil proceedings not admissible in criminal proceedings            116

12GBCL................ Attempt and involvement in contravention treated in same way as actual contravention          116

12GBCM.............. Continuing contraventions of civil penalty provisions.... 117

12GBCN............... State of mind................................................................... 117

12GBCP................ Exceptions etc. to civil penalty provisions--burden of proof.. 118

12GBD.................. Indemnification of officers.............................................. 119

12GC..................... Enforcement and recovery of certain fines...................... 120

12GCA.................. Preference must be given to compensate persons who suffer damage as a result of contravention          122

12GD.................... Injunctions...................................................................... 123

12GF..................... Actions for damages....................................................... 125

12GFA.................. Recovering commissions that exceed a cap under section 12DMC          126

12GG.................... Finding in proceedings to be evidence............................ 127

12GH.................... Conduct by directors, employees or agents..................... 127

12GI...................... Defences......................................................................... 128

12GJ...................... Jurisdiction of courts...................................................... 130

12GK..................... Transfer of matters.......................................................... 131

12GL..................... Transfer of certain proceedings to Federal Circuit and Family Court of Australia (Division 1)               133

12GLA.................. Non-punitive orders........................................................ 135

12GLB.................. Punitive orders requiring adverse publicity..................... 137

12GLC.................. ASIC may issue a public warning notice........................ 138

12GLD.................. Order disqualifying a person from managing corporations 139

12GM.................... Other orders.................................................................... 139

12GN.................... Power of Court to prohibit payment or transfer of money or other property            143

12GNA................. Limit on liability for misleading or deceptive conduct..... 145

12GNB.................. Orders to redress loss or damage suffered by non-party consumers etc. 147

12GNC.................. Kinds of orders that may be made to redress loss or damage suffered by non-party consumers etc.       150

12GND................. Declarations.................................................................... 151

12GO.................... Intervention by ASIC..................................................... 152

Subdivision GA--Proportionate liability for misleading and deceptive conduct          152

12GP..................... Application of Subdivision............................................. 152

12GQ.................... Certain concurrent wrongdoers not to have benefit of apportionment      153

12GR..................... Proportionate liability for apportionable claims............... 153

12GS..................... Defendant to notify plaintiff of concurrent wrongdoer of whom defendant is aware               154

12GT..................... Contribution not recoverable from defendant.................. 155

12GU.................... Subsequent actions......................................................... 155

12GV.................... Joining non-party concurrent wrongdoer in the action.... 156

12GW.................... Application of Subdivision............................................. 156

Subdivision GB--Infringement notices                                                            156

12GX.................... When an infringement notice may be given.................... 156

12GXA................. Provisions subject to an infringement notice................... 157

12GXB.................. Matters to be included in an infringement notice............. 157

12GXC.................. Payment period............................................................... 160

12GXD................. Extension of time to pay amount..................................... 162

12GXE.................. Payment by instalments.................................................. 163

12GXF.................. Withdrawal of an infringement notice............................. 164

12GXG................. Effect of payment of amount........................................... 166

12GXH................. Effect of this Subdivision............................................... 167

Subdivision GC--Substantiation notices                                                          167

12GY.................... ASIC may require claims to be substantiated etc............ 167

12GYA................. Extending periods for complying with substantiation notices  169

12GYB.................. Compliance with substantiation notices.......................... 169

12GYC.................. False or misleading information etc................................ 170

Subdivision H--Miscellaneous                                                                           170

12HA.................... Relationship of this Subdivision to Part 3....................... 170

12HB..................... Disclosure of documents by ASIC................................. 170

12HC..................... Prosecutions................................................................... 171

12HD.................... Jurisdiction of Court to make declarations and orders.... 172

Part 3--Investigations and information-gathering                                        174

Division 1--Investigations                                                                                     174

13.......................... General powers of investigation..................................... 174

14.......................... Minister may direct investigations.................................. 175

15.......................... Investigation after report of receiver or liquidator........... 176

16.......................... Interim report on investigation........................................ 176

17.......................... Final report on investigation........................................... 177

18.......................... Distribution of report...................................................... 177

Division 2--Examination of persons                                                                179

19.......................... Notice requiring appearance for examination.................. 179

20.......................... Proceedings at examination............................................. 179

21.......................... Requirements made of examinee..................................... 179

22.......................... Examination to take place in private................................ 180

23.......................... Examinee's lawyer may attend........................................ 180

24.......................... Record of examination.................................................... 181

25.......................... Giving to other persons copies of record........................ 182

26.......................... Copies given subject to conditions.................................. 182

27.......................... Record to accompany report........................................... 183

Division 3--Inspection of books and audit information-gathering powers          184

28.......................... When certain powers may be exercised.......................... 184

29.......................... ASIC may inspect books without charge........................ 184

30.......................... Notice to produce books about affairs of body corporate or registered scheme       185

30A....................... Notice to auditors concerning information and books..... 185

30B........................ Notice to registered liquidators concerning information and books          187

31.......................... Notice to produce books about financial products.......... 189

32A....................... Notice to produce books about financial services........... 191

33.......................... Notice to produce documents in person's possession..... 191

34.......................... ASIC may authorise persons to require production of books, giving of information etc.        192

37.......................... Powers where books produced or seized........................ 193

38.......................... Powers where books not produced................................. 195

39.......................... Power to require person to identify property of body corporate               195

39A....................... ASIC may give copy of book relating to registered scheme to another person        195

39B........................ ASIC to notify foreign regulator's access to information or books          196

39C........................ ASIC may give information and books in relation to Chapter 5 bodies corporate    196

Division 3A--Extra application of Crimes Act search warrant provisions        201

Subdivision A--Basic extra application                                                           201

39D....................... Extra application of Crimes Act search warrant provisions 201

39E........................ Interpretation of modifications........................................ 202

Subdivision B--Modifications                                                                            202

39F........................ Major modifications--evidential material....................... 202

39G....................... Major modifications--who may apply for a warrant etc. 202

39H....................... Major modifications--purposes for which things may be used and shared             203

39I......................... Minor modifications....................................................... 207

Division 4--Requirements to disclose information                                   209

40.......................... When certain powers may be exercised.......................... 209

41.......................... Acquisitions and disposals of financial products............ 209

42.......................... Acquisitions and disposals of trust property by trustee companies          211

43.......................... Exercise of certain powers of ASIC in relation to financial products       212

44.......................... Exercise of certain powers of ASIC in relation to trust property acquired or disposed of by trustee company........................................................................................ 214

47.......................... Disclosures to take place in private................................. 215

48.......................... Lawyer of person making disclosure may attend............ 215

Division 5--Proceedings after an investigation                                          217

49.......................... ASIC may cause prosecution to be begun...................... 217

50.......................... ASIC may cause civil proceeding to be begun................ 218

Division 5A--Audit deficiency notifications and reports                      219

50A....................... Application..................................................................... 219

50B........................ Notice of audit deficiency............................................... 220

50C........................ Audit deficiency report................................................... 220

50D....................... Publication of report....................................................... 221

50E........................ Consultation before publication...................................... 222

Division 6--Hearings                                                                                                223

51.......................... Power to hold hearings................................................... 223

52.......................... General discretion to hold hearing in public or private.... 223

53.......................... Request by person appearing at hearing that it take place in public          223

54.......................... Certain hearings to take place in private.......................... 224

55.......................... ASIC may restrict publication of certain material............ 224

56.......................... Who may be present when hearing takes place in private 225

57.......................... Involvement of person entitled to appear at hearing........ 225

58.......................... Power to summon witnesses and take evidence.............. 226

59.......................... Proceedings at hearings.................................................. 227

60.......................... ASIC to take account of evidence and submissions........ 228

61.......................... Reference to Court of question of law arising at hearing 228

62.......................... Protection of members etc............................................... 229

Division 7--Offences                                                                                                 230

63.......................... Non-compliance with requirements made under this Part 230

64.......................... False information............................................................ 231

65.......................... Obstructing person acting under this Part....................... 232

66.......................... Contempt of ASIC.......................................................... 232

67.......................... Concealing books relevant to investigation..................... 233

68.......................... Self-incrimination........................................................... 233

69.......................... Legal professional privilege............................................ 234

70.......................... Powers of Court where non-compliance with Part......... 235

Division 8--ASIC's powers where non-compliance with Part           236

71.......................... Orders by ASIC............................................................. 236

72.......................... Orders in relation to securities of a body corporate......... 236

73.......................... Orders in relation to financial products and trust property generally        237

75.......................... Orders under this Division............................................. 238

Division 9--Evidentiary use of certain material                                        240

76.......................... Statements made at an examination: proceedings against examinee          240

77.......................... Statements made at an examination: other proceedings... 240

78.......................... Weight of evidence admitted under section 77................ 241

79.......................... Objection to admission of statements made at examination 242

80.......................... Copies of, or extracts from, certain books...................... 243

81.......................... Report under Division 1................................................. 244

82.......................... Exceptions to admissibility of report............................... 244

83.......................... Material otherwise admissible......................................... 245

Division 10--Miscellaneous                                                                                   246

84.......................... Requirement made of a body corporate........................... 246

85.......................... Evidence of authority...................................................... 246

86.......................... Giving documents to natural persons.............................. 246

87.......................... Place and time for production of books.......................... 247

88.......................... Application of Crimes Act and Evidence Act................. 247

89.......................... Allowances and expenses............................................... 247

90.......................... Expenses of investigation under Division 1.................... 248

91.......................... Recovery of expenses of investigation............................ 248

92.......................... Compliance with Part...................................................... 249

93.......................... Effect of Part................................................................... 249

93AA.................... Enforcement of undertakings given to ASIC.................. 249

Part 3A--Enforceable undertakings                                                                     251

93A....................... Undertakings--registered schemes................................. 251

93B........................ Undertakings--notified foreign passport funds.............. 252

93BA..................... Undertakings by corporate director of a CCIV............... 253

Part 3B--Criminal penalties                                                                                       255

93C........................ Penalty for committing an offence.................................. 255

93D....................... Penalty applicable to an offence committed by an individual 255

93E........................ Penalty applicable to an offence committed by a body corporate              256

93F........................ Meaning of benefit derived and detriment avoided because of an offence               257

93G....................... Where is the penalty for an offence specified?................ 257

93H....................... If no penalty is specified................................................. 258

Part 4--ASIC's business                                                                                                259

Division 1--General                                                                                                  259

94.......................... Arrangement of ASIC's business................................... 259

95.......................... ASIC to establish offices................................................ 259

96.......................... Regional Commissioners................................................ 259

Division 2--Divisions of ASIC                                                                             260

97.......................... ASIC may establish Division......................................... 260

98.......................... Effect of direction establishing Division......................... 260

99.......................... ASIC may reconstitute Division..................................... 260

100........................ Effect of reconstituting Division..................................... 261

101........................ Multiple Divisions.......................................................... 261

Division 3--Delegation by ASIC                                                                        262

102........................ Delegation....................................................................... 262

Division 4--Meetings of ASIC                                                                             264

103........................ Times and places of meetings......................................... 264

105........................ Quorum.......................................................................... 264

106........................ Who is to preside at meetings......................................... 264

107........................ Voting at meetings.......................................................... 265

107A..................... Conduct of meetings....................................................... 265

107B...................... ASIC resolutions without meetings................................ 265

Part 5--ASIC's members                                                                                              266

Division 1--Terms and conditions                                                                     266

108........................ Term of office as member............................................... 266

109........................ Term of office as Chairperson or Deputy Chairperson... 266

110........................ Resignation..................................................................... 266

111........................ Termination of appointment............................................ 266

112........................ Remuneration and allowances etc................................... 268

113........................ Leave of absence............................................................. 269

114........................ Superannuation arrangements......................................... 269

115........................ Other terms and conditions............................................. 270

Division 2--Acting appointments                                                                       271

116........................ Acting members.............................................................. 271

117........................ Acting Chairperson......................................................... 271

118........................ Acting Deputy Chairperson............................................ 272

119........................ Limitation on appointments to act during vacancy.......... 272

Division 3--Delegation by members                                                                 273

119A..................... Delegation by members.................................................. 273

Part 6--ASIC's staff                                                                                                        274

120........................ Staff................................................................................ 274

121........................ Consultants etc................................................................ 274

122........................ Staff seconded to ASIC.................................................. 274

122A..................... Senior staff member determination................................. 274

Part 6A--Giving information etc. to APRA                                                     276

122B...................... APRA may request information or documents............... 276

122C...................... ASIC must comply with request..................................... 276

122D..................... Information and documents covered by request.............. 277

122E...................... Notifying APRA of reasonable belief of material breach of APRA provisions       278

Part 7--Preventing conflicts of interest and misuse of information   279

Division 1--Disclosure of interests                                                                    279

123........................ Members to disclose certain interests to Minister........... 279

125........................ Notification of interests to ASIC.................................... 280

126........................ Defence........................................................................... 281

126A..................... Chairperson to ensure adequate disclosure of interest requirements for ASIC staff members 281

126B...................... ASIC Code of Conduct.................................................. 281

126C...................... ASIC Values.................................................................. 281

Division 2--Confidentiality                                                                                   283

127........................ Confidentiality................................................................ 283

Part 8--Finance and reporting requirements                                                  291

Division 2--Reporting requirements                                                                291

136........................ Annual reports................................................................ 291

Division 3--Liability to taxation                                                                        294

137........................ Liability to taxation......................................................... 294

Division 4--Transparency                                                                                     295

138........................ Annual "dashboard" report about ASIC's regulatory costs 295

Part 9--Financial Services and Credit Panels                                                  296

Division 1--ASIC to convene panels                                                                296

139........................ ASIC to convene panels................................................. 296

Division 2--Panel members                                                                                   297

140........................ Appointment of panel members...................................... 297

141........................ Minister may specify persons who are eligible to be appointed to panels                297

142........................ Disclosure of interests to ASIC...................................... 298

143........................ Remuneration.................................................................. 298

144........................ Resignation..................................................................... 298

145........................ Termination of appointment............................................ 299

146........................ Other terms and conditions............................................. 299

147........................ Application of finance law.............................................. 299

Division 3--Decisions of panels                                                                           300

Subdivision A--Decisions of panels at meetings                                            300

148........................ Convening meetings....................................................... 300

149........................ Presiding at meetings...................................................... 300

150........................ Disclosure of interests to panels..................................... 300

151........................ Quorum.......................................................................... 301

152........................ Voting at meetings.......................................................... 301

153........................ Participation in meetings etc............................................ 302

154........................ Conduct of meetings....................................................... 302

155........................ Minutes........................................................................... 302

Subdivision B--Decisions of panels without meetings                                  302

156........................ Decisions without meetings............................................ 302

Division 4--Panel hearings                                                                                    304

Subdivision A--General                                                                                       304

157........................ When hearings are to be held.......................................... 304

158........................ Panels to take account of evidence and submissions....... 304

Subdivision B--Hearing procedures                                                                 305

159........................ Proceedings at hearings.................................................. 305

160........................ Notice of hearings........................................................... 306

161........................ Who may be present at hearings etc................................ 306

162........................ Appearance of affected persons at hearings.................... 307

163........................ Affected persons may request hearings to be held in public 307

164........................ Representation at hearings.............................................. 308

165........................ Power to require persons to appear and give evidence etc. 308

166........................ Allowances and expenses............................................... 310

167........................ Panels may restrict publication of certain material........... 310

Subdivision C--Offences                                                                                      311

168........................ Contempt of panels......................................................... 311

169........................ Giving false evidence...................................................... 311

170........................ Failing to comply with certain requirements................... 311

171........................ Being present at hearings................................................ 312

171A..................... Publication of restricted material..................................... 313

Subdivision D--Other matters                                                                            313

171B...................... Reference to Court of question of law arising at hearing 313

171C...................... Protection of panel members etc..................................... 313

Division 5--Information given to panel members                                     315

171D..................... Use and disclosure of information.................................. 315

Division 6--Enforceable undertakings                                                            316

171E...................... Variation, withdrawal and enforcement of undertakings given to Financial Services and Credit Panels  316

Division 7--Electronic communication                                                           318

171F...................... Electronic communication of documents......................... 318

Part 10--The Takeovers Panel                                                                                  319

Division 1--General                                                                                                  319

172........................ Membership.................................................................... 319

173........................ President......................................................................... 320

174........................ Functions and powers of Panel....................................... 320

175........................ Term of office as member............................................... 321

176........................ Term of office as President............................................. 321

177........................ Resignation..................................................................... 321

178........................ Termination of appointment............................................ 321

179........................ Remuneration and allowances......................................... 322

180........................ Leave of absence............................................................. 322

181........................ Other terms and conditions............................................. 322

182........................ Acting President............................................................. 322

183........................ Annual report.................................................................. 323

Division 2--Conduct of Panel's business                                                        324

184........................ Constitution of Panel in relation to particular matters...... 324

185........................ Disclosure of interests by members................................ 325

186........................ Application of Division 2 of Part 7................................. 326

Division 3--Panel proceedings                                                                            327

187........................ Interpretation................................................................... 327

188........................ Power to conduct proceedings........................................ 327

190........................ Panel may restrict publication of certain material............ 327

192........................ Power to summon witnesses and take evidence.............. 328

193........................ Quorum.......................................................................... 329

194........................ Legal representation in proceedings before the Panel...... 330

195........................ Procedure........................................................................ 330

197........................ Protection of members etc............................................... 330

198........................ Non-compliance with requirements made under section 192 331

199........................ False evidence................................................................. 331

200........................ Contempt of Panel.......................................................... 331

201........................ Powers of Court where non-compliance with section 192 332

201A..................... Undertakings to the Panel............................................... 332

Part 11--Companies Auditors Disciplinary Board                                       334

Division 1--Constitution of Disciplinary Board                                         334

203........................ Membership of Disciplinary Board................................ 334

204........................ Functions and powers of Disciplinary Board................. 335

205........................ Term of office................................................................. 335

206........................ Resignation from office.................................................. 335

207........................ Termination of appointment............................................ 335

208........................ Acting Chairperson......................................................... 336

208A..................... Acting Deputy Chairperson............................................ 337

210........................ Meetings of the Disciplinary Board................................ 338

210A..................... Panel to be constituted to deal with application............... 338

210B...................... Meetings of Panel of the Disciplinary Board.................. 340

211........................ Disclosure of interests.................................................... 341

212........................ Remuneration and allowances......................................... 342

213........................ Confidentiality................................................................ 342

214........................ Annual report.................................................................. 343

Division 2--Hearings by Disciplinary Board                                              344

215........................ Definition........................................................................ 344

216........................ Hearings......................................................................... 344

217........................ Power to summon witnesses and take evidence.............. 346

218........................ Proceedings at hearings.................................................. 346

219........................ Failure of witnesses to attend and answer questions....... 347

220........................ Contempt of Disciplinary Board..................................... 349

221........................ Protection of members etc............................................... 350

222........................ Hearings taken to be judicial proceedings....................... 350

223........................ Costs............................................................................... 351

Part 12--The Australian financial reporting system                                   353

224........................ Main objects of this Part................................................. 353

Division 1--The financial reporting system                                                 354

Subdivision A--The Financial Reporting Council                                        354

225........................ Functions and powers of the Financial Reporting Council 354

225A..................... Financial Reporting Council's information gathering powers  358

Subdivision B--The Australian Accounting Standards Board and the Office of the Australian Accounting Standards Board                                                                                           359

226........................ The Office of the Australian Accounting Standards Board 359

226A..................... Office of the AASB's functions and powers.................. 360

227........................ AASB's functions and powers....................................... 361

Subdivision C--The Auditing and Assurance Standards Board and the Office of the Auditing and Assurance Standards Board                                                                       362

227AA.................. The Office of the Auditing and Assurance Standards Board 362

227AB................... Office of the AUASB's functions and powers............... 362

227A..................... The Auditing and Assurance Standards Board............... 363

227B...................... AUASB's functions and powers.................................... 363

Division 2--Accounting standards                                                                    365

228........................ Purposive interpretation of standards.............................. 365

229........................ Generic and specific standards........................................ 365

230........................ Comparative amounts..................................................... 366

231........................ Cost/benefit analysis....................................................... 366

232........................ FRC views...................................................................... 366

233........................ International accounting standards.................................. 367

234........................ Validity of accounting standards..................................... 367

Division 2A--Auditing standards                                                                       368

234A..................... Purposive interpretation of standards.............................. 368

234B...................... Generic and specific standards........................................ 368

234C...................... FRC views...................................................................... 368

234D..................... International auditing standards...................................... 369

234E...................... Validity of auditing standards......................................... 369

Division 3--Administrative provisions                                                            370

Subdivision A--The Financial Reporting Council                                        370

235A..................... Membership of FRC....................................................... 370

235AA.................. Terms and conditions of appointment of FRC members. 370

235B...................... Annual report.................................................................. 371

235C...................... Procedure........................................................................ 371

Subdivision AA--The Office of the AASB                                                       371

235D..................... Duties of the Chair of the AASB.................................... 371

235E...................... Staff of the Office of the AASB..................................... 372

235F...................... Consultants and persons seconded to the Office of the AASB                373

235G..................... Office of the AASB to have regard to FRC's advice etc. 374

235H..................... Chair not subject to direction by the AASB on certain matters                374

Subdivision B--The Australian Accounting Standards Board                   374

236A..................... Procedures...................................................................... 374

236AA.................. AASB to have regard to FRC's advice etc..................... 374

236B...................... Appointment of members of the AASB......................... 375

236BA................... Terms and conditions of appointment of members of the AASB             375

236C...................... Resignation and termination of appointment................... 376

236D..................... Acting appointments....................................................... 377

236DA.................. Disclosure of interests.................................................... 378

Subdivision BAA--The Office of the AUASB                                                 379

236DB................... Duties of the Chair of the AUASB................................. 379

236DC................... Staff of the Office of the AUASB.................................. 380

236DD.................. Consultants and persons seconded to the Office of the AUASB             381

236DE................... Office of the AUASB to have regard to FRC's advice etc. 382

236DF................... Chair not subject to direction by the AUASB on certain matters             382

Subdivision BA--The Auditing and Assurance Standards Board             382

236E...................... Procedures...................................................................... 382

236EA................... AUASB to have regard to FRC's advice etc.................. 383

236F...................... Appointment of members of the AUASB...................... 383

236FA................... Terms and conditions of appointment of members of the AUASB          384

236G..................... Resignation and termination of appointment................... 384

236H..................... Acting appointments....................................................... 386

236J....................... Disclosure of interests.................................................... 387

Subdivision C--Confidentiality                                                                          388

237........................ Confidentiality................................................................ 388

Part 14--The Parliamentary Joint Committee on Corporations and Financial Services              389

241........................ Membership.................................................................... 389

242........................ Powers and proceedings................................................. 390

243........................ Duties............................................................................. 390

Part 15--Miscellaneous                                                                                                  392

243B...................... Offences committed partly in and partly out of the jurisdiction                392

243C...................... ASIC may publish internal dispute resolution data......... 392

243D..................... Financial transaction reports........................................... 393

243E...................... Suspicious matters reports under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006........................................................................................ 393

243F...................... Treat the corporate director of a CCIV as providing financial services etc. being provided by the CCIV........................................................................................ 394

244........................ Review by Administrative Appeals Tribunal of certain decisions            395

244A..................... Notice of reviewable decision and review rights............. 396

245........................ Validity of certain actions............................................... 397

246........................ Liability for damages...................................................... 397

247........................ Duplicate seals................................................................ 399

248........................ Judicial notice of ASIC's seal and members' signatures 399

249........................ Validation of agreements to employ staff or engage consultants              400

250........................ Compensation for compulsory acquisition...................... 400

251........................ The regulations............................................................... 402

Part 16--Transition from the old ASIC legislation                                       403

Division 1--Preliminary                                                                                          403

253........................ Object of Part.................................................................. 403

254........................ Definitions...................................................................... 404

255........................ Relationship of Part with State validation Acts............... 408

256........................ References to things taken or deemed to be the case etc.. 409

257........................ Existence of several versions of the old ASIC legislation does not result in this Part operating to take the same thing to be done several times under the new ASIC legislation etc.         410

258........................ Penalty units in respect of pre-commencement conduct remain at $100   411

259........................ Ceasing to be a referring State does not affect previous operation of this Part         411

Division 2--Carrying over bodies established etc. or persons appointed under the old ASIC Act        412

260........................ Division has effect subject to Division 7 regulations...... 412

261........................ Carrying over bodies established under the old ASIC Act 412

262........................ Carrying over the Chairman and Deputy Chairman of the Financial Reporting Council          412

Division 3--Carrying over the old ASIC Regulations                            413

263........................ Division has effect subject to Division 7 regulations...... 413

264........................ Old ASIC Regulations continue to have effect............... 413

Division 4--Court proceedings and orders                                                  414

265........................ Division has effect subject to Division 7 regulations...... 414

266........................ Definitions...................................................................... 414

267........................ Treatment of court proceedings under or related to the old ASIC legislation--proceedings other than federal ASIC proceedings.......................................................... 416

268........................ Treatment of court proceedings under or related to the old ASIC legislation--federal ASIC proceedings........................................................................................ 419

268A..................... Appeals etc. in relation to some former federal corporations proceedings                420

268B...................... Effect of decisions and orders made in federal corporations proceedings before commencement            421

269........................ References to proceedings and orders in the new ASIC legislation         421

Division 5--Functions and powers of ASIC                                                 423

270........................ Division has effect subject to Division 7 regulations...... 423

271........................ Non-federal proceedings etc........................................... 423

272........................ NCSC's functions and powers....................................... 424

Division 6--General transitional provisions relating to other things done etc. under the old ASIC legislation                                                                                              426

273........................ Provisions in this Division have effect subject to the other Divisions      426

274........................ Provisions of this Division may have an overlapping effect 427

275........................ Things done by etc. carried over provisions continue to have effect        427

276........................ Creation of equivalent rights and liabilities to those that existed before the commencement under carried over provisions of the old ASIC legislation............................ 429

277........................ Creation of equivalent rights and liabilities to those that existed before the commencement under repealed provisions of the old ASIC legislation............................ 431

278........................ Old ASIC legislation time limits continue to run............ 433

279........................ Preservation of significance etc. of events or circumstances 434

280........................ References in the new ASIC legislation generally include references to events, circumstances or things that happened or arose before the commencement................. 435

281........................ References in the new ASIC legislation to that legislation or the new corporations legislation generally include references to corresponding provisions of the old ASIC legislation or old corporations legislation        435

282........................ Carrying over references to corresponding previous laws or relevant previous laws               436

283........................ References to ASIC legislation in instruments................ 437

284........................ Old transitional provisions continue to have their effect. 438

Division 7--Regulations dealing with transitional matters                  441

285........................ Regulations may deal with transitional matters............... 441

Part 17--Transitional provisions relating to the Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004                                443

285A..................... Definitions...................................................................... 443

286........................ Application of new subsection 225A(5)......................... 443

287........................ Application of Part 8 of Schedule 1 to the amending Act 443

288........................ Application of Schedule 3 to the amending Act.............. 445

Part 18--Transitional provisions relating to the Corporations Amendment (Corporate Reporting Reform) Act 2010                                                                                           446

289........................ Definitions...................................................................... 446

290........................ Application of Companies Auditors and Liquidators Disciplinary Board amendments           446

291........................ Application of pre-hearing conference amendments....... 447

Part 19--Transitional provisions relating to the Corporations Legislation Amendment (Audit Enhancement) Act 2012                                                                              448

292........................ Definitions...................................................................... 448

293........................ Amendments made by Part 1 of Schedule 2--final report on auditor independence functions                448

294........................ Application of amendments made by Parts 2 and 3 of Schedule 2           448

Part 20--Transitional provisions relating to the Clean Energy Legislation (Carbon Tax Repeal) Act 2014                                                                                                                                    449

295........................ Definition........................................................................ 449

296........................ Transitional--carbon units issued before the designated carbon unit day                449

Part 21--Transitional provisions relating to the Corporations Legislation Amendment (Deregulatory and Other Measures) Act 2015                                                                         450

297........................ Definitions...................................................................... 450

298........................ FRC members................................................................. 450

299........................ AASB members............................................................. 451

300........................ AUASB members.......................................................... 451

Part 22--Application provision relating to the Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015                                                        452

301........................ Application..................................................................... 452

Part 23--Transitional provisions relating to the Insolvency Law Reform Act 2016        454

302........................ Definitions...................................................................... 454

303........................ General powers of investigation continue to apply to failure to comply with duties before the commencement day.................................................................................. 454

304........................ Notice to registered liquidators concerning information and books--requirements before the commencement day.................................................................................. 455

305........................ ASIC may give information and books relating to pre-commencement activity       455

306........................ Information to be included in ASIC's annual report....... 456

307........................ Appointments to the Companies Auditors Disciplinary Board                456

Part 24--Application provision relating to the Treasury Laws Amendment (2017 Measures No. 1) Act 2017                                                                                                                         457

308........................ Application..................................................................... 457

Part 25--Transitional provisions relating to the Treasury Laws Amendment (Enhancing ASIC's Capabilities) Act 2018                                                                                  458

309........................ Definitions...................................................................... 458

310........................ Staff members engaged under former subsection 120(3) 458

311........................ APS employees in ASIC................................................ 458

312........................ ASIC Enterprise Agreement........................................... 459

313........................ Variation of terms and conditions of employment.......... 460

314........................ Transitional rules............................................................ 460

Part 26--Transitional provisions relating to the Treasury Laws Amendment (ASIC Governance) Act 2018                                                                                                                         463

314A..................... Saving of appointments.................................................. 463

Part 26A--Application provisions relating to the Treasury Laws Amendment (Australian Consumer Law Review) Act 2018                                                                                 464

315........................ Application--listed public companies............................. 464

316........................ Application--power to obtain information, documents and evidence in relation to unfair contract terms........................................................................................ 464

317........................ Application--consumer protection................................. 464

318........................ Application--financial products..................................... 464

Part 27--Application and transitional provisions relating to the Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019     465

320........................ Definitions...................................................................... 465

321........................ Application--offences.................................................... 465

322........................ Application--civil penalty provisions............................. 465

323........................ Application--infringement notices................................. 465

Part 28--Transitional provisions relating to the Financial Sector Reform (Hayne Royal Commission Response--Stronger Regulators (2019 Measures)) Act 2020 467

324........................ Application of amendments--search warrant provisions 467

Part 29--Application provisions relating to Schedule 12 to the Financial Sector Reform (Hayne Royal Commission Response) Act 2020                                                           468

325........................ Definitions...................................................................... 468

326........................ Application..................................................................... 468

Part 29--Application provisions relating to the Financial Sector Reform (Hayne Royal Commission Response--Protecting Consumers (2019 Measures)) Act 2020  469

325........................ Application--unfair contract terms................................. 469

Part 30--Application provisions relating to the Treasury Laws Amendment (2019 Measures No. 3) Act 2020                                                                                                                         471

327........................ Application--amounts of pecuniary penalties................. 471

328........................ Application--authorised disclosure to monitoring body. 471

Part 31--Application and transitional provisions relating to Schedule 3 to the Financial Sector Reform (Hayne Royal Commission Response) Act 2020                          472

329........................ Application--deferred sales model for add-on insurance 472

Part 32--Application and transitional provisions relating to Schedule 4 to the Financial Sector Reform (Hayne Royal Commission Response) Act 2020                          473

330........................ Application--caps on commissions................................ 473

Part 33--Transitional provision relating to the Treasury Laws Amendment (2020 Measures No. 6) Act 2020                                                                                                                         474

331........................ Transitional--directions by Minister.............................. 474

Part 34--Application provision relating to Schedule 1 to the Financial Regulator Assessment Authority (Consequential Amendments and Transitional Provisions) Act 2021    475

333........................ Application--confidentiality........................................... 475

Part 36--Application provision relating to the Treasury Laws Amendment (2021 Measures No. 5) Act 2021                                                                                                                         476

336........................ Application--reports of liquidators................................ 476

Part 37--Application and transitional provisions for the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020                            477

337........................ Definitions...................................................................... 477

338........................ Validation of acts or things done during interim period.. 478

339........................ Application of item 102 of Schedule 1 to the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020....................................................... 479

Endnotes                                                                                                                                  481

Endnote 1--About the endnotes                                                                          481

Endnote 2--Abbreviation key                                                                              483

Endnote 3--Legislation history                                                                           484

Endnote 4--Amendment history                                                                         497


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 compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.

If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and "(md not incorp)" is added to the amendment history.

 

Endnote 2--Abbreviation key

 

ad = added or inserted

o = order(s)

am = amended

Ord = Ordinance

amdt = amendment

orig = original

c = clause(s)

par = paragraph(s)/subparagraph(s)

C[x] = Compilation No. x

/sub-subparagraph(s)

Ch = Chapter(s)

pres = present

def = definition(s)

prev = previous

Dict = Dictionary

(prev ... ) = previously

disallowed = disallowed by Parliament

Pt = Part(s)

Div = Division(s)

r = regulation(s)/rule(s)

ed = editorial change

reloc = relocated

exp = expires/expired or ceases/ceased to have

renum = renumbered

effect

rep = repealed

F = Federal Register of Legislation

rs = repealed and substituted

gaz = gazette

s = section(s)/subsection(s)

LA = Legislation Act 2003

Sch = Schedule(s)

LIA = Legislative Instruments Act 2003

Sdiv = Subdivision(s)

(md) = misdescribed amendment can be given

SLI = Select Legislative Instrument

effect

SR = Statutory Rules

(md not incorp) = misdescribed amendment

Sub-Ch = Sub-Chapter(s)

cannot be given effect

SubPt = Subpart(s)

mod = modified/modification

underlining = whole or part not

No. = Number(s)

commenced or to be commenced

 

Endnote 3--Legislation history

 

Act

Number and year

Assent

Commencement

Application, saving and transitional provisions

Australian Securities and Investments Commission Act 2001

51, 2001

28 June 2001

15 July 2001 (see s. 2 and Gazette 2001, No. S285)

 

Corporations (Repeals, Consequentials and Transitionals) Act 2001

55, 2001

28 June 2001

ss. 4-14 and Schedule 2 (items 1-11): 15 July 2001 (see s. 2(2) and Gazette 2001, No. S285)

ss. 4-14

General Insurance Reform Act 2001

119, 2001

19 Sept 2001

Schedule 3 (items 2-7): 1 July 2002

--

Financial Services Reform Act 2001

122, 2001

27 Sept 2001

Sch 1 (items 2-137): 11 Mar 2002 (gaz 2001, No. GN42) Sch 3 (items 1-4): Royal Assent

--

Financial Services Reform (Consequential Provisions) Act 2001

123, 2001

27 Sept 2001

Sch 1 (items 8-215): 11 Mar 2002 (see s. 2(1), (6) and Gazette 2001, No. GN42)

--

as amended by

 

 

 

 

Statute Law Revision Act 2005

100, 2005

6 July 2005

Sch 2 (items 14, 15): 11 Mar 2002 (s 2(1) item 34)

--

Treasury Legislation Amendment (Application of Criminal Code) Act (No. 2) 2001

146, 2001

1 Oct 2001

s 4 and Sch 5 (item 1): 15 Dec 2001 (s 2(1))
Sch 5 (item 2): 11 Mar 2002 (s 2(3))

s 4

Abolition of Compulsory Age Retirement (Statutory Officeholders) Act 2001

159, 2001

1 Oct 2001

Schedule 1 (items 23, 24, 97): 29 Oct 2001

Sch. 1 (item 97)

Royal Commissions and Other Legislation Amendment Act 2001

166, 2001

1 Oct 2001

Schedule 1 (items 1, 1A, 2): 1 Oct 2001

--

Corporations Legislation Amendment Act 2003

24, 2003

11 Apr 2003

Schedule 5 (items 1, 2): Royal Assent

--

Crimes Legislation Enhancement Act 2003

41, 2003

3 June 2003

Schedule 2 (items 1B, 1C): 1 Jan 2003

--

Financial Sector Legislation Amendment Act (No. 1) 2003

116, 2003

27 Nov 2003

Sch 1 (items 1-3): 28 Nov 2003
Sch 1 (item 4): 15 July 2001 (s 2(1) item 3)

--

Legislative Instruments (Transitional Provisions and Consequential Amendments) Act 2003

140, 2003

17 Dec 2003

Sch 1 (item 12): 1 Jan 2005 (s 2(1) item 3)

--

Financial Services Reform Amendment Act 2003

141, 2003

17 Dec 2003

Schedule 3 (items 1A-1E): 18 Dec 2003

--

Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004

103, 2004

30 June 2004

Sch 1 (items 1-36, 130-175), Sch 9 (items 1-6) and Sch 11 (items 1, 2): 1 July 2004 (s 2(1) items 2, 11, 13)
Sch 2 (items 10, 11): 1 Jan 2005 (s 2(1) item 2B)
Sch 3 (items 1, 2): 26 July 2004 (s 2(1) item 3)
Sch 12 (item 1): 30 June 2004 (s 2(1) item 14)

--

Treasury Legislation Amendment (Professional Standards) Act 2004

118, 2004

13 July 2004

13 July 2004

--

Financial Framework Legislation Amendment Act 2005

8, 2005

22 Feb 2005

s. 4 and Schedule 1 (items 96, 496): Royal Assent

s. 4 and Sch. 1 (item 496)

Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006

101, 2006

14 Sept 2006

Schedule 5 (items 32, 33) and Schedule 6 (items 5-11): Royal Assent

Sch. 6 (items 5-11)

Anti-Money Laundering and Counter-Terrorism Financing (Transitional Provisions and Consequential Amendments) Act 2006

170, 2006

12 Dec 2006

Schedule 1 (item 12): 13 Dec 2006 (see s. 2(1))

--

Australian Securities and Investments Commission Amendment (Audit Inspection) Act 2007

1, 2007

19 Feb 2007

Schedule 1 (items 1-16): 20 Feb 2007

--

Private Health Insurance (Transitional Provisions and Consequential Amendments) Act 2007

32, 2007

30 Mar 2007

Schedule 2 (item 8A): 1 Apr 2007 (see s. 2(1))

--

Governance Review Implementation (Treasury Portfolio Agencies) Act 2007

74, 2007

5 June 2007

Schedule 1 (items 1-12, 40-46, 67) and Schedule 2 (items 1-10, 14-20): 1 July 2007

Sch. 2 (items 1-10, 14-20)

Corporations Amendment (Insolvency) Act 2007

132, 2007

20 Aug 2007

Schedule 2 (item 1) and Schedule 5 (items 1, 2): 31 Dec 2007 (see F2007L03798)

--

Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007

154, 2007

24 Sept 2007

Schedule 4 (item 1): Royal Assent

--

Trade Practices Legislation Amendment Act (No. 1) 2007

159, 2007

24 Sept 2007

Schedule 3 (items 1-4, 9): 25 Sept 2007

Sch. 3 (item 9)

Superannuation Legislation Amendment (Trustee Board and Other Measures) (Consequential Amendments) Act 2008

26, 2008

23 June 2008

Schedule 1 (items 39-42): Royal Assent

--

First Home Saver Accounts (Consequential Amendments) Act 2008

45, 2008

25 June 2008

Schedule 2 (items 1, 2): 26 June 2008

--

Private Health Insurance Legislation Amendment Act 2008

54, 2008

25 June 2008

Schedule 1 (items 1, 2): Royal Assent

--

Governance Review Implementation (AASB and AUASB) Act 2008

61, 2008

30 June 2008

1 July 2008

Sch. 2

First Home Saver Accounts (Further Provisions) Amendment Act 2008

92, 2008

30 Sept 2008

Schedule 2 (item 1): 1 Oct 2008

--

Trade Practices Legislation Amendment Act 2008

116, 2008

21 Nov 2008

Schedule 3 (items 1-6): 22 Nov 2008

Sch. 3 (item 6)

Corporations Legislation Amendment (Financial Services Modernisation) Act 2009

108, 2009

6 Nov 2009

Schedule 2 (items 1-3K): 6 May 2010

--

National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009

135, 2009

15 Dec 2009

Sch 3 (item 1): 1 Apr 2010 (s 2(1) item 4)

--

as amended by

 

 

 

 

Treasury Laws Amendment (2019 Measures No. 3) Act 2020

64, 2020

22 June 2020

Sch 3 (items 40, 45): 23 June 2020 (s 2(1) item 4)

--

Trade Practices Amendment (Australian Consumer Law) Act (No. 1) 2010

44, 2010

14 Apr 2010

Schedule 3 (items 1A, 1, 3-8, 34, 37, 42, 44-55): 1 July 2010
Schedule 3 (items 9-14, 18-32, 57): 15 Apr 2010

Sch. 3 (item 8)

Corporations Amendment (Corporate Reporting Reform) Act 2010

66, 2010

28 June 2010

Schedule 2: Royal Assent

--

Trade Practices Amendment (Australian Consumer Law) Act (No. 2) 2010

103, 2010

13 July 2010

Schedule 3 (items 1-32): 1 Jan 2011

--

Corporations Amendment (No. 1) Act 2010

131, 2010

24 Nov 2010

Schedule 1 (items 1-3, 22): 13 Dec 2010 (see F2010L03188)

Sch. 1 (item 22)

Tax Laws Amendment (Confidentiality of Taxpayer Information) Act 2010

145, 2010

16 Dec 2010

Schedule 2 (item 7): 17 Dec 2010

--

Statute Law Revision Act 2011

5, 2011

22 Mar 2011

Schedule 1 (item 9): Royal Assent

--

Superannuation Legislation (Consequential Amendments and Transitional Provisions) Act 2011

58, 2011

28 June 2011

Sch 1 (items 24, 25): 1 July 2011 (s 2(1) item 2)

--

Carbon Credits (Consequential Amendments) Act 2011

102, 2011

15 Sept 2011

Sch 1 (items 5-7): 8 Dec 2011 (s 2(1) item 2)

--

Business Names Registration (Transitional and Consequential Provisions) Act 2011

127, 2011

3 Nov 2011

Sch 2 (items 4-7): 20 Apr 2012 (s 2(1) item 4)

--

Clean Energy (Consequential Amendments) Act 2011

132, 2011

18 Nov 2011

Sch 1 (items 47-49): 2 Apr 2012 (s2(1) item 2)
Sch 1 (item 256A): 1 July 2012 (s2(1) item 3)

--

Competition and Consumer Legislation Amendment Act 2011

184, 2011

6 Dec 2011

Sch 2 (item 1): 1 Jan 2012 (s 2(1) item 3)

--

Corporations Legislation Amendment (Audit Enhancement) Act 2012

72, 2012

27 June 2012

Sch 2: 27 June 2012 (s 2(1) item 3)

--

Corporations Legislation Amendment (Financial Reporting Panel) Act 2012

118, 2012

12 Sept 2012

Sch 1 (items 1, 2): 1 Oct 2012 (s 2(1) item 2)

--

Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012

169, 2012

3 Dec 2012

Sch 3 (items 20-23): 3 Dec 2012 (s 2(1) item 10)

--

Treasury Legislation Amendment (Unclaimed Money and Other Measures) Act 2012

176, 2012

4 Dec 2012

Sch 5 (item 1): 5 Dec 2012 (s 2(1) item 11)

--

Corporations Legislation Amendment (Derivative Transactions) Act 2012

178, 2012

6 Dec 2012

Sch 1 (items 46-53): 3 Jan 2013 (s 2(1) item 2)

--

Corporations and Financial Sector Legislation Amendment Act 2013

59, 2013

21 June 2013

Sch 1 (items 16-21, 25, 26): 19 July 2013 (s 2(1) item 2)

--

Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014

62, 2014

30 June 2014

Sch 5 (item 110), Sch 6 (item 28) and Sch 14: 1 July 2014 (s 2(1) items 5, 6, 14)

Sch 14

as amended by

 

 

 

 

Public Governance and Resources Legislation Amendment Act (No. 1) 2015

36, 2015

13 Apr 2015

Sch 2 (item 7) and Sch 7: 14 Apr 2015 (s 2)

Sch 7

as amended by

 

 

 

 

Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015

126, 2015

10 Sept 2015

Sch 1 (item 486): 5 Mar 2016 (s 2(1) item 2)

--

Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015

126, 2015

10 Sept 2015

Sch 1 (item 495): 5 Mar 2016 (s 2(1) item 2)

--

Clean Energy Legislation (Carbon Tax Repeal) Act 2014

83, 2014

17 July 2014

Sch 1 (items 92-94): 1 July 2014 (s 2(1) item 2)

--

Corporations Legislation Amendment (Deregulatory and Other Measures) Act 2015

19, 2015

19 Mar 2015

Sch 2: 19 Mar 2015 (s 2)

--

Public Governance and Resources Legislation Amendment Act (No. 1) 2015

36, 2015

13 Apr 2015

Sch 5 (items 5-17, 74-77) and Sch 7: 14 Apr 2015 (s 2)

Sch 5 (items 74-77) and Sch 7

as amended by

 

 

 

 

Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015

126, 2015

10 Sept 2015

Sch 1 (item 486): 5 Mar 2016 (s 2(1) item 2)

--

Tax and Superannuation Laws Amendment (2015 Measures No. 1) Act 2015

70, 2015

25 June 2015

Sch 1 (items 16, 17, 195-205): 1 July 2015 (s 2(1) items 3, 6)

Sch 1 (items 195-205)

Treasury Legislation Amendment (Small Business and Unfair Contract Terms) Act 2015

147, 2015

12 Nov 2015

Sch 1 (items 1-18): 12 Nov 2016 (s 2(1) item 2)

--

Insolvency Law Reform Act 2016

11, 2016

29 Feb 2016

Sch 2 (items 5-32, 321): 1 Mar 2017 (s 2(1) items 3, 7)

--

Courts Administration Legislation Amendment Act 2016

24, 2016

18 Mar 2016

Sch 5 (item 3): 1 July 2016 (s 2(1) item 7)
Sch 6: 18 Mar 2016 (s 2(1) item 9)

Sch 6

Territories Legislation Amendment Act 2016

33, 2016

23 Mar 2016

Sch 5 (item 17): 1 July 2016 (s 2(1) item 7)

--

Corporations Amendment (Crowd-sourced Funding) Act 2017

17, 2017

28 Mar 2017

Sch 1 (items 35-37): 28 Sept 2017 (s 2(1) item 2)

--

Treasury Laws Amendment (2017 Measures No. 1) Act 2017

26, 2017

4 Apr 2017

Sch 2: 5 Apr 2017 (s 2(1) item 3)

--

ASIC Supervisory Cost Recovery Levy (Consequential Amendments) Act 2017

45, 2017

19 June 2017

Sch 1 (items 1, 2, 29): 1 July 2017 (s 2(1) item 1)

Sch 1 (item 29)

Treasury Laws Amendment (2017 Measures No. 3) Act 2017

75, 2017

26 June 2017

Sch 1 (items 1-7): 15 July 2001 (s 2(1) item 1)

--

Statute Update (Smaller Government) Act 2018

4, 2018

20 Feb 2018

Sch 7: 21 Feb 2018 (s 2(1) item 1)

Sch 7 (items 14-27)

Treasury Laws Amendment (Putting Consumers First--Establishment of the Australian Financial Complaints Authority) Act 2018

13, 2018

5 Mar 2018

s 4: 5 Mar 2018 (s 2(1) item 1)
Sch 1 (item 14) and Sch 2 (item 1): 6 Mar 2018 (s 2(1) items 2, 7)
Sch 3 (items 3-5, 32(2)): 5 Mar 2022 (s 2(1) item 8)

s 4 and Sch 3 (item 32(2))

Treasury Laws Amendment (ASIC Governance) Act 2018

42, 2018

22 May 2018

Sch 1 (items 1-9): 5 June 2018 (s 2(1) item 1)

--

Corporations Amendment (Asia Region Funds Passport) Act 2018

61, 2018

29 June 2018

Sch 2 (items 6-17): 18 Sept 2018 (s 2(1) item 2)

--

Treasury Laws Amendment (Enhancing ASIC's Capabilities) Act 2018

122, 2018

3 Oct 2018

Sch 1: 4 Oct 2018 (s 2(1) item 2)
Sch 2 (items 1-13): 1 July 2019 (s 2(1) item 3)

--

Treasury Laws Amendment (Australian Consumer Law Review) Act 2018

132, 2018

25 Oct 2018

Sch 2 (items 1, 2), Sch 7 (item 1), Sch 10, 11 and Sch 12 (item 1): 26 Oct 2018 (s 2(1) item 1)

--

Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019

17, 2019

12 Mar 2019

Sch 2: 13 Mar 2019 (s 2(1) item 2)

--

Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019

50, 2019

5 Apr 2019

Sch 2 (items 16-18): 6 Apr 2019 (s 2(1) item 3)

--

Financial Sector Reform (Hayne Royal Commission Response--Protecting Consumers (2019 Measures)) Act 2020

2, 2020

17 Feb 2020

Sch 1 (items 1-7): 5 Apr 2021 (s 2(1) item 2)
Sch 2 (item 1): 18 Feb 2020 (s 2(1) item 3)

--

Financial Sector Reform (Hayne Royal Commission Response--Stronger Regulators (2019 Measures)) Act 2020

3, 2020

17 Feb 2020

Sch 1 (items 1, 3-12, 28): 18 Feb 2020 (s 2(1) item 1)

--

Treasury Laws Amendment (2019 Measures No. 3) Act 2020

64, 2020

22 June 2020

Sch 3 (items 1-9): 23 June 2020 (s 2(1) item 4)

--

Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020

69, 2020

22 June 2020

Sch 1 (items 102, 1465-1467): awaiting commencement (s 2(1) items 2, 5)
Sch 1 (item 103): 4 Apr 2021 (s 2(1) item 2)
Sch 1 (item 1468): 22 June 2020 (s 2(1) item 1)

Sch 1 (items 1465-1467) and Sch 1 (item 1468)

as amended by

 

 

 

 

Treasury Laws Amendment (2022 Measures No. 1) Act 2022

35, 2022

9 Aug 2022

Sch 4 (items 6, 7, 9): 21 June 2022 (s 2(1) item 5)
Sch 4 (item 15): 10 Aug 2022 (s 2(1) item 6)

Sch 4 (item 9)

Financial Sector Reform (Hayne Royal Commission Response) Act 2020

135, 2020

17 Dec 2020

Sch 3 (items 1-18): 5 Oct 2021 (s 2(1) item 5)
Sch 4 (items 1-13), Sch 9 (items 28-32) and Sch 12 (items 2, 9, 10, 13-16): 1 Jan 2021 (s 2(1) items 6, 10, 12)

--

Treasury Laws Amendment (2020 Measures No. 6) Act 2020

141, 2020

17 Dec 2020

Sch 4 (items 2-4): 18 Dec 2020 (s 2(1) item 6)

--

Territories Legislation Amendment Act 2020

154, 2020

17 Dec 2020

Sch 2 (items 3-11): 2 Aug 2021 (s 2(1) item 4)
Sch 2 (item 64): 18 Dec 2020 (s 2(1) item 5)

--

Federal Circuit and Family Court of Australia (Consequential Amendments and Transitional Provisions) Act 2021

13, 2021

1 Mar 2021

Sch 2 (items 109-117): 1 Sept 2021 (s 2(1) item 5)

--

Financial Regulator Assessment Authority (Consequential Amendments and Transitional Provisions) Act 2021

64, 2021

29 June 2021

Sch 1 (items 7, 8, 17, 18): 1 July 2021 (s 2(1) item 2)

Sch 1 (item 18)

Treasury Laws Amendment (2021 Measures No. 1) Act 2021

82, 2021

13 Aug 2021

Sch 2 (items 1, 24): 14 Aug 2021 (s 2(1) item 3)

--

Financial Sector Reform (Hayne Royal Commission Response--Better Advice) Act 2021

115, 2021

28 Oct 2021

Sch 1 (items 1-13): 1 Jan 2022 (s 2(1) item 2)

--

Treasury Laws Amendment (2021 Measures No. 5) Act 2021

127, 2021

7 Dec 2021

Sch 2 (items 1, 2) and Sch 3 (items 8-19): 8 Dec 2021 (s 2(1) items 3, 4)

--

Corporate Collective Investment Vehicle Framework and Other Measures Act 2022

8, 2022

22 Feb 2022

Sch 3 (items 1-14): 1 July 2022 (s 2(1) item 2)

--

Treasury Laws Amendment (2022 Measures No. 1) Act 2022

35, 2022

9 Aug 2022

Sch 4 (items 10, 19, 20): 10 Aug 2022 (s 2(1) items 6, 8)

--

 

Endnote 4--Amendment history

 

Provision affected

How affected

Title.....................................

am No 122, 2001; No 4, 2018

Part 1

 

Division 1

 

s 1........................................

am No 122, 2001; No 103, 2004; No 118, 2012; No 11, 2016; No 4, 2018; No 122, 2018

Division 3

 

s 4........................................

am No 122, 2001; No 33, 2016; No 154, 2020

s 4AA..................................

ad No 146, 2001

 

rep No 146, 2001

s 4A.....................................

ad No 123, 2001

Division 4

 

s 5........................................

am No 122, 2001; No 123, 2001; No 103, 2004; No 74, 2007; No 61, 2008; No 108, 2009; No 66, 2010; No 58, 2011; No 72, 2012; No 169, 2012; No 59, 2013; No 11, 2016; No 17, 2017; No 75, 2017; No 4, 2018; No 42, 2018; No 122, 2018; No 17, 2019; No 154, 2020; No 115, 2021; No 8, 2022

s 5A.....................................

rs No 140, 2003

Part 2

 

Division 1

 

s 8........................................

am No 74, 2007; No 62, 2014; No 64, 2020

s 8A.....................................

ad No 74, 2007

s 9........................................

am No 122, 2001

s 9A.....................................

ad No 62, 2014

s 10......................................

rs No 42, 2018

s 10A...................................

ad No 74, 2007

 

am No 36, 2015

 

rs No 122, 2018

s 11......................................

am No 1, 2007; No 4, 2018; No 61, 2018; No 115, 2021

s 12......................................

am No 141, 2020

s 12A...................................

am No 122, 2001; No 45, 2008; No 135, 2009; No 127, 2011; No 70, 2015; No 45, 2017; No 13, 2018; No 69, 2020

s 12AA................................

ad No 135, 2020

Division 2

 

Subdivision A

 

s 12AA................................

rep No 123, 2001

s 12AC.................................

am No 135, 2020

s 12AD................................

am No 123, 2001

s 12AE.................................

am No 141, 2003; No 44, 2010; No 135, 2020

Subdivision B

 

s 12BA.................................

am No 122, 2001; No 123, 2001; No 44, 2010; No 103, 2010; No 147, 2015; No 24, 2016; No 132, 2018; No 17, 2019; No 2, 2020; No 135, 2020; No 13, 2021

s 12BAA..............................

ad No 122, 2001

 

am No 32, 2007; No 45, 2008; No 54, 2008; No 102, 2011; No 132, 2011; No 178, 2012; No 83, 2014; No 70, 2015; No 61, 2018; No 2, 2020

s 12BAB..............................

ad No 122, 2001

 

am No 141, 2003; No 108, 2009; No 102, 2011; No 132, 2011; No 178, 2012; No 83, 2014; No 17, 2017; No 61, 2018; No 132, 2018; No 135, 2020; No 8, 2022

s 12BB.................................

am No 123, 2001

 

rs No 103, 2010

s 12BC.................................

am No 123, 2001; No 103, 2010

s 12BEA..............................

ad No 103, 2010

 

am No 132, 2018

Subdivision BA

 

Subdivision BA....................

ad No 44, 2010

s 12BF.................................

ad No 44, 2010

 

am No 147, 2015; No 2, 2020

s 12BG.................................

ad No 44, 2010

 

am No 147, 2015

s 12BH.................................

ad No 44, 2010

 

am No 147, 2015

s 12BI..................................

ad No 44, 2010

 

am No 147, 2015; No 2, 2020

s 12BK.................................

ad No 44, 2010

s 12BL.................................

ad No 44, 2010

 

rs No 147, 2015

 

am No 61, 2018; No 2, 2020

s 12BM................................

ad No 44, 2010

Subdivision C

 

s 12CA.................................

am No 123, 2001

s 12CB.................................

am No 123, 2001; No 116, 2008

 

rs No 184, 2011

 

am No 132, 2018

s 12CC.................................

ad No 123, 2001

 

am No 159, 2007; No 116, 2008; No 108, 2009; No 103, 2010

 

rs No 184, 2011

Subdivision D

 

s 12DA................................

am No 122, 2001; No 123, 2001; No 17, 2017; No 82, 2021

s 12DB.................................

am No 122, 2001; No 123, 2001; No 103, 2010; No 17, 2017

s 12DC.................................

am No 122, 2001; No 123, 2001; No 103, 2010; No 132, 2018

s 12DD................................

am No 122, 2001; No 123, 2001

s 12DE.................................

rs No 123, 2001

 

am No 103, 2010; No 127, 2021

s 12DF.................................

am No 123, 2001

s 12DG................................

am No 123, 2001

s 12DH................................

am No 123, 2001

s 12DI..................................

rs No 123, 2001

s 12DJ..................................

rs No 123, 2001

s 12DK................................

am No 122, 2001; No 123, 2001 (as am by No 100, 2005)

s 12DL.................................

am No 123, 2001

s 12DM................................

am No 123, 2001; No 103, 2010; No 132, 2018

s 12DMA.............................

ad No 103, 2010

 

am No 132, 2018

s 12DMB.............................

ad No 103, 2010

 

am No 132, 2018

s 12DMC.............................

ad No 135, 2020

s 12DN................................

am No 123, 2001

 

rs No 103, 2010

 

am No 127, 2021

Subdivision DA

 

Subdivision DA...................

ad No 135, 2020

s 12DO................................

ad No 135, 2020

s 12DP.................................

ad No 135, 2020

s 12DQ................................

ad No 135, 2020

s 12DR.................................

ad No 135, 2020

s 12DS.................................

ad No 135, 2020

s 12DT.................................

ad No 135, 2020

s 12DU................................

ad No 135, 2020

s 12DV................................

ad No 135, 2020

s 12DW................................

ad No 135, 2020

s 12DX................................

ad No 135, 2020

s 12DY................................

ad No 135, 2020

s 12DZ.................................

ad No 135, 2020

s 12DZA..............................

ad No 135, 2020

Subdivision E

 

s 12EA.................................

am No 123, 2001

s 12EB.................................

am No 123, 2001

s 12EC.................................

am No 123, 2001

s 12ED.................................

am No 123, 2001; No 118, 2004

Subdivision F.......................

rep No 122, 2001

s 12FA.................................

rep No 122, 2001

Subdivision G

 

s 12GB.................................

am No 123, 2001; No 17, 2019; No 135, 2020

s 12GBA..............................

ad No 44, 2010

 

rs No 17, 2019

 

am No 135, 2020

s 12GBB..............................

ad No 44, 2010

 

rs No 17, 2019

 

am No 135, 2020

s 12GBC..............................

ad No 44, 2010

 

rs No 17, 2019

s 12GBCA............................

ad No 17, 2019

 

am No 64, 2020

s 12GBCB............................

ad No 17, 2019

s 12GBCC............................

ad No 17, 2019

s 12GBCD............................

ad No 17, 2019

s 12GBCE............................

ad No 17, 2019

s 12GBCF............................

ad No 17, 2019

s 12GBCG............................

ad No 17, 2019

s 12GBCH............................

ad No 17, 2019

s 12GBCJ.............................

ad No 17, 2019

s 12GBCK............................

ad No 17, 2019

s 12GBCL............................

ad No 17, 2019

s 12GBCM...........................

ad No 17, 2019

s 12GBCN............................

ad No 17, 2019

 

am No 135, 2020

s 12GBCP............................

ad No 17, 2019

s 12GBD..............................

ad No 44, 2010

 

am No 17, 2019

s 12GCA..............................

ad No 123, 2001

 

am No 44, 2010

 

rs No 17, 2019

s 12GD................................

am No 44, 2010; No 147, 2015

s 12GE.................................

rep No 123, 2001

s 12GF.................................

am No 123, 2001; No 103, 2004; No 118, 2004; No 135, 2020

s 12GFA..............................

ad No 135, 2020

s 12GG................................

am No 123, 2001; No 44, 2010; No 17, 2019; No 135, 2020

s 12GH................................

am No 123, 2001

s 12GI..................................

am No 123, 2001; No 44, 2010; No 17, 2019; No 135, 2020; No 8, 2022

s 12GJ..................................

am No 123, 2001

s 12GK................................

am No 123, 2001

s 12GL.................................

am No 13, 2021

s 12GLA..............................

ad No 123, 2001

 

am No 135, 2020

s 12GLB..............................

ad No 123, 2001

 

am No 44, 2010; No 17, 2019

s 12GLC..............................

ad No 44, 2010

s 12GLD..............................

ad No 44, 2010

s 12GM................................

am No 123, 2001; No 116, 2003; No 118, 2004; No 44, 2010; No 147, 2015; No 135, 2020

s 12GN................................

am No 123, 2001; No 44, 2010; No 147, 2015; No 17, 2019; No 135, 2020

s 12GNA..............................

ad No 118, 2004

 

am No 154, 2020

s 12GNB..............................

ad No 44, 2010

 

am No 44, 2010; No 147, 2015

s 12GNC..............................

ad No 44, 2010

s 12GND..............................

ad No 44, 2010

 

rs No 147, 2015

 

am No 2, 2020

s 12GO................................

rs No 123, 2001

Subdivision GA

 

Subdivision GA...................

ad No 103, 2004

s 12GP.................................

ad No 103, 2004

s 12GQ................................

ad No 103, 2004

s 12GR.................................

ad No 103, 2004

s 12GS.................................

ad No 103, 2004

s 12GT.................................

ad No 103, 2004

s 12GU................................

ad No 103, 2004

s 12GV................................

ad No 103, 2004

s 12GW................................

ad No 103, 2004

Subdivision GB

 

Subdivision GB....................

ad No 44, 2010

 

rs No 17, 2019

s 12GX................................

ad No 44, 2010

 

rs No 17, 2019

s 12GXA..............................

ad No 44, 2010

 

rs No 17, 2019

 

am No 135, 2020

s 12GXB..............................

ad No 44, 2010

 

rs No 17, 2019

 

am No 135, 2020; No 127, 2021

s 12GXC..............................

ad No 44, 2010

 

am No 103, 2010

 

rs No 17, 2019

 

am No 127, 2021

s 12GXD..............................

ad No 44, 2010

 

rs No 17, 2019

s 12GXE..............................

ad No 44, 2010

 

rs No 17, 2019

s 12GXF..............................

ad No 44, 2010

 

rs No 17, 2019

s 12GXG..............................

ad No 44, 2010

 

rs No 17, 2019

s 12GXH..............................

ad No 17, 2019

Subdivision GC

 

Subdivision GC....................

ad No 44, 2010

s 12GY................................

ad No 44, 2010

s 12GYA..............................

ad No 44, 2010

s 12GYB..............................

ad No 44, 2010

s 12GYC..............................

ad No 44, 2010

Subdivision H

 

s 12HB.................................

am No 123, 2001; No 44, 2010

s 12HC.................................

am No 123, 2001

Part 3

 

Division 1

 

s 13......................................

am No 122, 2001; No 132, 2007; No 11, 2016; No 132, 2018

s 14......................................

am No 122, 2001; No 178, 2012

s 15......................................

am No 11, 2016; No 127, 2021

s 18......................................

am No 41, 2003

Division 2

 

s 19......................................

am No 123, 2001

s 21......................................

am No 123, 2001

s 22......................................

am No 123, 2001; No 17, 2019

s 23......................................

am No 123, 2001

s 24......................................

am No 123, 2001

s 25......................................

am No 123, 2001; No 17, 2019

s 26......................................

am No 123, 2001; No 17, 2019

Division 3

 

Division 3 heading...............

rs No 1, 2007

s 28......................................

am No 122, 2001; No 1, 2007; No 11, 2016; No 3, 2020

s 29......................................

am No 123, 2001

s 30......................................

am No 123, 2001

s 30A...................................

ad No 1, 2007

 

am No 169, 2012

s 30B...................................

ad No 11, 2016

s 31......................................

am No 122, 2001; No 123, 2001; No 178, 2012

s 32......................................

rep No 122, 2001

s 32A...................................

am No 123, 2001

s 33......................................

am No 122, 2001; No 123, 2001; No 1, 2007; No 169, 2012; No 11, 2016

s 34......................................

am No 122, 2001; No 123, 2001; No 1, 2007; No 11, 2016

s 35......................................

am No 131, 2010

 

rep No 3, 2020

s 36......................................

am No 131, 2010

 

rep No 3, 2020

s 36A...................................

ad No 131, 2010

 

rep No 3, 2020

s 37......................................

am No 123, 2001; No 1, 2007; No 11, 2016; No 3, 2020

s 38......................................

am No 123, 2001; No 5, 2011

s 39......................................

am No 123, 2001

s 39A...................................

am No 17, 2019

s 39B...................................

ad No 1, 2007

 

am No 3, 2020

s 39C...................................

ad No 11, 2016

 

am No 17, 2019

Division 3A

 

Division 3A.........................

ad No 3, 2020

Subdivision A

 

s 39D...................................

ad No 3, 2020

s 39E...................................

ad No 3, 2020

Subdivision B

 

s 39F....................................

ad No 3, 2020

s 39G...................................

ad No 3, 2020

s 39H...................................

ad No 3, 2020

s 39I....................................

ad No 3, 2020

Division 4

 

Division 4 heading...............

rs No 122, 2001; No 108, 2009

s 40......................................

am No 122, 2001; No 108, 2009

s 41......................................

am No 122, 2001; No 123, 2001

s 42......................................

ad No 108, 2009

s 43......................................

am No 122, 2001; No 123, 2001; No 103, 2004

s 44......................................

rep No 122, 2001

 

ad No 108, 2009

s 46......................................

rep No 122, 2001

s 47......................................

am No 123, 2001; No 17, 2019

s 48......................................

am No 123, 2001

Division 5

 

s 49......................................

am No 123, 2001

Division 5A

 

Division 5A.........................

ad No 72, 2012

s 50A...................................

ad No 72, 2012

s 50B...................................

ad No 72, 2012

s 50C...................................

ad No 72, 2012

s 50D...................................

ad No 72, 2012

s 50E...................................

ad No 72, 2012

Division 6

 

s 56......................................

am No 123, 2001; No 17, 2019

s 58......................................

am No 123, 2001

s 59......................................

am No 103, 2004; No 135, 2020; No 8, 2022

Division 7

 

s 63......................................

am No 122, 2001; No 123, 2001; No 1, 2007; No 108, 2009; No 11, 2016; No 17, 2019

s 64......................................

am No 17, 2019

s 65......................................

am No 123, 2001; No 17, 2019; No 3, 2020

s 66......................................

am No 123, 2001; No 17, 2019

s 67......................................

am No 123, 2001; No 17, 2019

s 69......................................

am No 132, 2007; No 17, 2019

Division 8

 

s 71......................................

am No 122, 2001; No 108, 2009

s 72......................................

am No 123, 2001

s 73......................................

am No 122, 2001; No 123, 2001; No 108, 2009

s 74......................................

rep No 122, 2001

s 75......................................

am No 122, 2001; No 17, 2019

Division 9

 

s 80......................................

am No 122, 2001; No 1, 2007; No 11, 2016

Division 10

 

s 84......................................

am No 103, 2004

 

rs No 8, 2022

s 91......................................

am No 123, 2001; No 17, 2019

s 93AA................................

am No 115, 2021

Part 3A

 

Part 3A heading....................

rs No 61, 2018

s 93A...................................

am No 61, 2018

s 93B...................................

ad No 61, 2018

s 93BA.................................

ad No 8, 2022

Part 3B

 

Part 3B.................................

ad No 17, 2019

s 93C...................................

ad No 17, 2019

 

am No 135, 2020

s 93D...................................

ad No 17, 2019

s 93E...................................

ad No 17, 2019

s 93F....................................

ad No 17, 2019

s 93G...................................

ad No 17, 2019

s 93H...................................

ad No 17, 2019

Part 4

 

Division 1

 

s 94......................................

am No 74, 2007

s 95......................................

am No 122, 2001; No 154, 2020

s 96......................................

am No 122, 2018

Division 3

 

s 102....................................

am No 74, 2007; No 44, 2010; No 103, 2010; No 122, 2018; No 50, 2019; No 115, 2021

Division 4

 

s 103....................................

rs No 135, 2020

s 104....................................

rep No 135, 2020

s 106....................................

am No 42, 2018

s 107....................................

rs No 135, 2020

s 107A.................................

ad No 135, 2020

s 107B.................................

ad No 135, 2020

Part 5

 

Division 1

 

s 108....................................

am No 159, 2001

s 109....................................

am No 42, 2018

s 110....................................

am No 42, 2018

s 111....................................

am No 122, 2001; No 26, 2008; No 58, 2011; No 36, 2015

Division 2

 

s 116....................................

am No 42, 2018

s 118....................................

rs No 42, 2018

Division 3

 

s 119A.................................

am No 122, 2018

Part 6

 

s 120....................................

rs No 122, 2018

s 121....................................

am No 122, 2018

s 122....................................

rs No 55, 2001

s 122A.................................

ad No 122, 2018

Part 6A

 

Part 6A.................................

ad No 135, 2020

s 122B.................................

ad No 135, 2020

s 122C.................................

ad No 135, 2020

 

am No 64, 2021

s 122D.................................

ad No 135, 2020

s 122E.................................

ad No 135, 2020

Part 7

 

Division 1

 

s 123....................................

am No 122, 2001

s 124....................................

am No 74, 2007

 

rep No 36, 2015

s 125....................................

am No 123, 2001; No 122, 2018; No 17, 2019

s 126A.................................

ad No 122, 2018

s 126B.................................

ad No 122, 2018

s 126C.................................

ad No 122, 2018

Division 2

 

s 127....................................

am No 122, 2001; No 123, 2001; No 166, 2001; No 41, 2003; No 116, 2003; No 141, 2003; No 103, 2004; No 1, 2007; No 92, 2008; No 145, 2010; No 102, 2011; No 127, 2011; No 132, 2011; No 72, 2012; No 178, 2012; No 59, 2013; No 11, 2016; No 26, 2017; No 4, 2018; No 13, 2018; No 61, 2018; No 17, 2019; No 64, 2020; No 69, 2020; No 154, 2020; No 64, 2021; No 82, 2021; No 115, 2021

Division 3............................

rep No 122, 2001

s 128....................................

rep No 122, 2001

s 129....................................

rep No 122, 2001

s 130....................................

rep No 122, 2001

s 131....................................

rep No 122, 2001

s 132....................................

rep No 122, 2001

Part 8

 

Part 8...................................

rs No 74, 2007

Division 1............................

rep No 176, 2012

s 133....................................

rs No 74, 2007

 

rep No 176, 2012

s 134....................................

rs No 74, 2007

 

rep No 176, 2012

s 135....................................

am No 122, 2001; No 8, 2005

 

rs No 74, 2007

 

rep No 176, 2012

Division 2

 

s 136....................................

ad No 74, 2007

 

am No 127, 2011; No 59, 2013; No 36, 2015; No 11, 2016; No 50, 2019; No 115, 2021

Division 3

 

s 137....................................

am No 24, 2003

 

rs No 74, 2007

Division 4

 

Division 4............................

ad No 45, 2017

s 138....................................

am No 122, 2001; No 1, 2007

 

rep No 74, 2007

 

ad No 45, 2017

Part 9

 

Part 9 heading......................

rs No 122, 2001

 

rep No 4, 2018

 

ad No 115, 2021

Part 9...................................

rep No 4, 2018

 

ad No 115, 2021

Division 1

 

s 139....................................

am No 101, 2006

 

rep No 74, 2007

 

ad No 115, 2021

Division 2

 

s 140....................................

rep No 74, 2007

 

ad No 115, 2021

s 141....................................

rep No 74, 2007

 

ad No 115, 2021

s 142....................................

rep No 74, 2007

 

ad No 115, 2021

s 143....................................

ad No 115, 2021

 

rs No 35, 2022

s 144....................................

ad No 115, 2021

s 145....................................

ad No 115, 2021

s 146....................................

am No 122, 2001; No 74, 2007

 

rep No 4, 2018

 

ad No 115, 2021

s 146A.................................

ad No 74, 2007

 

rep No 4, 2018

s 147....................................

am No 122, 2001

 

rep No 4, 2018

 

ad No 115, 2021

s 147A.................................

ad No 74, 2007

 

rep No 4, 2018

Division 3

 

Subdivision A

 

s 148....................................

am No 122, 2001

 

rep No 4, 2018

 

ad No 115, 2021

s 149....................................

rep No 4, 2018

 

ad No 115, 2021

s 150....................................

rep No 4, 2018

 

ad No 115, 2021

s 151....................................

rep No 4, 2018

 

ad No 115, 2021

s 152....................................

rep No 4, 2018

 

ad No 115, 2021

s 153....................................

am No 24, 2003

 

rep No 4, 2018

 

ad No 115, 2021

s 154....................................

am No 122, 2001

 

rep No 4, 2018

 

ad No 115, 2021

s 155....................................

am No 122, 2001

 

rep No 4, 2018

 

ad No 115, 2021

Division 2 heading...............

rs No 74, 2007

 

rep No 4, 2018

Subdivision B

 

s 156....................................

am No 122, 2001

 

rep No 4, 2018

 

ad No 115, 2021

Division 4

 

Subdivision A

 

s 157....................................

am No 122, 2001

 

rep No 4, 2018

 

ad No 115, 2021

 

am No 35, 2022

s 158....................................

am No 122, 2001

 

rep No 4, 2018

 

ad No 115, 2021

Division 3............................

ad No 74, 2007

 

rep No 4, 2018

Subdivision B

 

s 159....................................

am No 122, 2001

 

rs No 74, 2007

 

rep No 4, 2018

 

ad No 115, 2021

s 160....................................

am No 122, 2001

 

rep No 74, 2007

 

ad No 115, 2021

s 161....................................

am No 122, 2001; No 8, 2005

 

rep No 74, 2007

 

ad No 115, 2021

Division 4............................

ad No 74, 2007

 

rep No 4, 2018

s 162....................................

ad No 74, 2007

 

rep No 4, 2018

 

ad No 115, 2021

s 163....................................

am No 122, 2001

 

rep No 74, 2007

 

ad No 115, 2021

s 164....................................

ad No 115, 2021

s 165....................................

am No 122, 2001; No 101, 2006

 

rep No 74, 2007

 

ad No 115, 2021

s 166....................................

am No 122, 2001

 

rep No 74, 2007

 

ad No 115, 2021

s 167....................................

am No 122, 2001

 

rep No 74, 2007

 

ad No 115, 2021

Subdivision C

 

s 168....................................

am No 122, 2001

 

rep No 74, 2007

 

ad No 115, 2021

s 169....................................

ad No 115, 2021

s 170....................................

ad No 115, 2021

s 171....................................

ad No 115, 2021

s 171A.................................

ad No 115, 2021

Subdivision D

 

s 171B.................................

ad No 115, 2021

s 171C.................................

ad No 115, 2021

Division 5

 

s 171D.................................

ad No 115, 2021

Division 6

 

s 171E.................................

ad No 115, 2021

Division 7

 

s 171F..................................

ad No 115, 2021

Part 10

 

Part 10 heading....................

rs No 122, 2001

Division 1

 

s 172....................................

am No 122, 2001

s 175....................................

am No 159, 2001

s 178....................................

am No 122, 2001

Division 2

 

s 184....................................

am No 19, 2015

s 186....................................

rs No 122, 2001

Division 3

 

s 188....................................

am No 19, 2015

s 192....................................

am No 123, 2001

s 198....................................

am No 123, 2001; No 17, 2019

s 199....................................

am No 123, 2001; No 17, 2019

s 200....................................

am No 123, 2001; No 17, 2019

Part 11

 

Part 11 heading....................

rs No 11, 2016

Division 1

 

s 203....................................

am No 116, 2003; No 103, 2004; No 66, 2010; No 11, 2016

s 205....................................

am No 103, 2004

s 206....................................

am No 103, 2004

s 207....................................

am No 103, 2004

s 208....................................

rs No 103, 2004

s 208A.................................

ad No 103, 2004

s 209....................................

rep No 103, 2004

s 210....................................

am No 103, 2004

s 210A.................................

ad No 103, 2004

 

am No 66, 2010; No 11, 2016

s 210B.................................

ad No 103, 2004

s 211....................................

am No 103, 2004

s 212....................................

am No 103, 2004

s 213....................................

am No 103, 2004

Division 2

 

s 215....................................

am No 103, 2004

s 216....................................

am No 119, 2001; No 123, 2001; No 103, 2004; No 17, 2019

s 217....................................

am No 103, 2004

s 218....................................

am No 119, 2001; No 103, 2004

s 219....................................

am No 123, 2001; No 103, 2004; No 17, 2019

s 220....................................

am No 123, 2001; No 103, 2004; No 17, 2019

s 221....................................

am No 103, 2004; No 66, 2010

s 223....................................

am No 119, 2001; No 103, 2004; No 11, 2016

Part 12

 

Part 12 heading....................

rs No 103, 2004

s 224....................................

am No 103, 2004

Division 1

 

Division 1............................

rs No 103, 2004

Subdivision A

 

Subdivision A heading.........

ad No 61, 2008

s 225....................................

am No 103, 2004; No 61, 2008; No 66, 2010; No 72, 2012

s 225A.................................

ad No 103, 2004

 

am No 72, 2012; No 17, 2019

Subdivision B

 

Subdivision B heading.........

ad No 61, 2008

s 226....................................

rs No 61, 2008

s 226A.................................

ad No 61, 2008

s 227....................................

am No 103, 2004; No 61, 2008

Subdivision C

 

Subdivision C......................

ad No 61, 2008

s 227AA..............................

ad No 61, 2008

s 227AB...............................

ad No 61, 2008

s 227A.................................

ad No 103, 2004

 

am No 61, 2008

s 227B.................................

ad No 103, 2004

 

am No 61, 2008

Division 2

 

s 231....................................

am No 61, 2008

s 232....................................

am No 103, 2004

 

rs No 61, 2008

Division 2A

 

Division 2A.........................

ad No 103, 2004

s 234A.................................

ad No 103, 2004

s 234B.................................

ad No 103, 2004

s 234C.................................

ad No 103, 2004

 

rs No 61, 2008

s 234D.................................

ad No 103, 2004

s 234E.................................

ad No 103, 2004

Division 3

 

Subdivision A

 

s 235A.................................

am No 19, 2015

s 235AA..............................

ad No 19, 2015

s 235B.................................

am No 103, 2004; No 61, 2008

s 235BA...............................

ad No 103, 2004

 

rep No 72, 2012

Subdivision AA

 

Subdivision AA...................

ad No 61, 2008

s 235D.................................

ad No 61, 2008

 

am No 36, 2015

s 235E.................................

ad No 61, 2008

s 235F..................................

ad No 61, 2008

 

am No 36, 2015

s 235G.................................

ad No 61, 2008

s 235H.................................

am No 36, 2015

s 235J..................................

ad No 61, 2008

 

rep No 36, 2015

Subdivision B

 

s 236A.................................

am No 103, 2004; No 61, 2008

s 236AA..............................

ad No 61, 2008

s 236B.................................

am No 19, 2015

s 236BA...............................

ad No 19, 2015

s 236DA..............................

ad No 61, 2008

Subdivision BAA

 

Subdivision BAA.................

ad No 61, 2008

s 236DB...............................

ad No 61, 2008

 

am No 36, 2015

s 236DC...............................

ad No 61, 2008

s 236DD..............................

ad No 61, 2008

 

am No 36, 2015

s 236DE...............................

ad No 61, 2008

s 236DF...............................

ad No 61, 2008

 

am No 36, 2015

s 236DG..............................

ad No 61, 2008

 

rep No 36, 2015

Subdivision BA

 

Subdivision BA....................

ad No 103, 2004

s 236E.................................

ad No 103, 2004

 

am No 61, 2008

s 236EA...............................

ad No 61, 2008

s 236F..................................

ad No 103, 2004

 

am No 19, 2015

s 236FA...............................

am No 19, 2015

s 236G.................................

ad No 103, 2004

s 236H.................................

ad No 103, 2004

s 236J..................................

ad No 61, 2008

Subdivision C

 

s 237....................................

am No 103, 2004; No 61, 2008; No 11, 2016

Subdivision D......................

rep No 61, 2008

s 238....................................

am No 103, 2004

 

rep No 61, 2008

Part 13.................................

ad No 103, 2004

 

rep No 118, 2012

s 239AA..............................

ad No 103, 2004

 

rep No 118, 2012

s 239AB...............................

ad No 103, 2004

 

rep No 118, 2012

s 239AC...............................

ad No 103, 2004

 

rep No 118, 2012

s 239AD..............................

ad No 103, 2004

 

rep No 118, 2012

s 239AE...............................

ad No 103, 2004

 

rep No 118, 2012

s 239AF...............................

ad No 103, 2004

 

rep No 118, 2012

s 239AG..............................

ad No 103, 2004

 

rep No 118, 2012

s 239AH..............................

ad No 103, 2004

 

rep No 118, 2012

s 239AI................................

ad No 103, 2004

 

rep No 118, 2012

s 239AJ................................

ad No 103, 2004

 

rep No 118, 2012

s 239AK..............................

ad No 103, 2004

 

rep No 118, 2012

s 239AL...............................

ad No 103, 2004

 

rep No 118, 2012

s 239AM..............................

ad No 103, 2004

 

rep No 118, 2012

s 239BA...............................

ad No 103, 2004

 

rep No 118, 2012

s 239BB...............................

ad No 103, 2004

 

rep No 118, 2012

s 239BC...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CA...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CB...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CC...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CD...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CE...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CF...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CG...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CH...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CI................................

ad No 103, 2004

 

rep No 118, 2012

s 239CJ................................

ad No 103, 2004

 

rep No 118, 2012

s 239CK...............................

ad No 103, 2004

 

rep No 118, 2012

s 239CL...............................

ad No 103, 2004

 

rep No 118, 2012

Part 14

 

Part 14 heading....................

rs No 122, 2001

s 243....................................

am No 59, 2013

Part 15

 

s 243C.................................

ad No 13, 2018

s 243D.................................

am No 122, 2001; No 178, 2012

s 243E.................................

ad No 170, 2006

 

am No 178, 2012

s 243F..................................

ad No 8, 2022

s 244....................................

am No 122, 2001; No 135, 2020; No 115, 2021

s 246....................................

am No 122, 2001; No 103, 2004; No 61, 2008; No 11, 2016; No 4, 2018

s 249....................................

ad No 75, 2017

s 250....................................

ad No 75, 2017

Part 16

 

Division 1

 

s 254....................................

am No 55, 2001; No 116, 2003; No 75, 2017

s 255....................................

am No 55, 2001

Division 2

 

s 261....................................

am No 4, 2018

Division 4

 

s 266....................................

am No 55, 2001

s 268A.................................

ad No 55, 2001

s 268B.................................

ad No 55, 2001

Division 5

 

s 271....................................

am No 55, 2001

s 272....................................

am No 55, 2001

Division 6

 

s 276....................................

am No 75, 2017

s 277....................................

am No 75, 2017

Division 7

 

s 285....................................

am No 154, 2007

Part 17

 

Part 17.................................

ad No 103, 2004

s 285A.................................

ad No 103, 2004

s 286....................................

ad No 103, 2004

s 287....................................

ad No 103, 2004

s 288....................................

ad No 103, 2004

Part 18

 

Part 18.................................

ad No 66, 2010

s 289....................................

ad No 66, 2010

s 290....................................

ad No 66, 2010

s 291....................................

ad No 66, 2010

Part 19

 

Part 19.................................

ad No 72, 2012

s 292....................................

ad No 72, 2012

s 293....................................

ad No 72, 2012

s 294....................................

ad No 72, 2012

Part 20

 

Part 20.................................

ad No 83, 2014

s 295....................................

ad No 83, 2014

s 296....................................

ad No 83, 2014

Part 21

 

Part 21.................................

ad No 19, 2015

s 297....................................

ad No 19, 2015

s 298....................................

ad No 19, 2015

s 299....................................

ad No 19, 2015

s 300....................................

ad No 19, 2015

Part 22

 

Part 22.................................

ad No 147, 2015

s 301....................................

ad No 147, 2015

Part 23

 

Part 23.................................

ad No 11, 2016

s 302....................................

ad No 11, 2016

s 303....................................

ad No 11, 2016

s 304....................................

ad No 11, 2016

s 305....................................

ad No 11, 2016

s 306....................................

ad No 11, 2016

s 307....................................

ad No 11, 2016

Part 23 (second occurring)...

ad No 26, 2017

 

renum No 64, 2020

s 302 (second occurring).....

ad No 26, 2017

 

renum No 64, 2020

Part 24

 

Part 24 (prev Part 23 (second occurring))

 

s 308 (prev s 302 (second occurring))

 

Part 25

 

Part 25.................................

ad No 122, 2018

s 309....................................

ad No 122, 2018

s 310....................................

ad No 122, 2018

s 311....................................

ad No 122, 2018

s 312....................................

ad No 122, 2018

s 313....................................

ad No 122, 2018

s 314....................................

ad No 122, 2018

Part 26

 

Part 26.................................

ad No 42, 2018

s 314A (prev s 315 (first occurring))

 

s 315 (first occurring)..........

ad No 42, 2018

 

renum No 64, 2020

Part 26 (second occurring)...

ad No 132, 2018

 

renum No 64, 2020

Part 26A

 

Part 26A (prev Part 26 (second occurring))

 

s 315....................................

ad No 132, 2018

s 316....................................

ad No 132, 2018

s 317....................................

ad No 132, 2018

s 318....................................

ad No 132, 2018

Part 27

 

Part 27.................................

ad No 17, 2019

s 320....................................

ad No 17, 2019

s 321....................................

ad No 17, 2019

s 322....................................

ad No 17, 2019

s 323....................................

ad No 17, 2019

Part 28

 

Part 28.................................

ad No 3, 2020

s 324....................................

ad No 3, 2020

Part 29

 

Part 29 (first occurring)........

ad No 135, 2020

s 325 (first occurring)..........

ad No 135, 2020

s 326....................................

ad No 135, 2020

Part 29

 

Part 29 (second occurring)...

ad No 2, 2020

s 325 (second occurring).....

ad No 2, 2020

Part 30

 

Part 30.................................

ad No 64, 2020

s 327....................................

ad No 64, 2020

s 328....................................

ad No 64, 2020

Part 31

 

Part 31.................................

ad No 135, 2020

s 329....................................

ad No 135, 2020

Part 32

 

Part 32.................................

ad No 135, 2020

s 330....................................

ad No 135, 2020

Part 33

 

Part 33.................................

ad No 141, 2020

s 331....................................

ad No 141, 2020

Part 34

 

Part 34.................................

ad No 64, 2021

s 333....................................

ad No 64, 2021

Part 35.................................

ad No 154, 2020

 

rep end of 8 Aug 2022 (s 335)

s 334....................................

ad No 154, 2020

 

rep end of 8 Aug 2022 (s 335)

s 335....................................

ad No 154, 2020

 

rep end of 8 Aug 2022 (s 335)

Part 36

 

Part 36.................................

ad No 127, 2021

s 336....................................

ad No 127, 2021

Part 37

 

Part 37.................................

ad No 35, 2022

s 337....................................

ad No 35, 2022

s 338....................................

ad No 35, 2022

s 339....................................

ad No 35, 2022


 



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