(1) This section applies to a proceeding (the relevant proceeding ) in a court (the transferor court) if:

(a)

the relevant proceeding is with respect to a civil matter arising under the Corporations legislation; and

(b)

the transferor court is:

(i)

the Family Court of Australia; or

(ii)

a State Family Court.

(2) If it appears to the transferor court:

(a)

that the relevant proceeding arises out of, or is related to, another proceeding pending in:

(i)

the Federal Court; or

(ii)

another State or Territory court;

and that the court in which the other proceeding is pending is the most appropriate court to determine the relevant proceeding; or

(b)

that having regard to:

(i)

whether, in the transferor court's opinion, apart from this Division, the relevant proceeding, or a substantial part of it, would have been incapable of being instituted in the transferor court; and

(ii)

the extent to which, in the transferor court's opinion, the matters for determination in the relevant proceeding are matters not within the transferor court's jurisdiction apart from this Division; and

(iii)

the interests of justice;

the Federal Court, or another State or Territory court, is the most appropriate court to determine the relevant proceeding; or

(c)

that it is otherwise in the interests of justice that the Federal Court, or another State or Territory court, determine the relevant proceeding;