Corporations (Tasmania) Act 1990
An Act to apply certain provisions of laws of the Commonwealth relating to corporations, the securities industry and the futures industry as laws of Tasmania and for other purposes
[Royal Assent 20 December 1990]
Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:
PART 1Preliminary1Short title and purposes (1) This Act may be cited as the Corporations (Tasmania) Act 1990 . (2) The purposes of this Act are – (a) [Section 1 Subsection (2) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] to apply certain provisions of the Corporations Act 1989 of the Commonwealth and the Australian Securities and Investments Commission Act 1989 of the Commonwealth and of regulations under those Acts as laws of Tasmania; and (b) to apply certain other laws of the Commonwealth as laws of Tasmania for the purpose of the administration and enforcement of the law relating to corporations, the securities industry, the futures industry and some other matters. 2Commencement [Section 3 Amended by No. 5 of 1992, s. 4 ]This Act commences on a day or days to be proclaimed. 3Definitions (1) In this Act, unless the contrary intention appears – applicable provision, in relation to a jurisdiction, means a provision of – (a) the Corporations Law, or Corporations Regulations, of that jurisdiction; or (b) [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] the ASIC Law, or ASIC Regulations, of that jurisdiction; or (c) in the case of the Capital Territory – a Commonwealth law as applying, of its own force or because of another Commonwealth law, in relation to – (i) an offence against; or (ii) an act, matter or thing arising under or in respect of – a provision that, because of any other application or applications of this definition, is an applicable provision of the Capital Territory or any other jurisdiction; or (d) in the case of a jurisdiction other than the Capital Territory – a Commonwealth law as applying, because of a law of that jurisdiction, in relation to – (i) an offence against; or (ii) an act, matter or thing arising under or in respect of – a provision that, because of any other application or applications of this definition, is an applicable provision of that or any other jurisdiction; [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] ASIC Act means the Australian Securities and Investments Commission Act 1989 of the Commonwealth; [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] ASIC Law has the meaning given by Part 11 ; [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] ASIC Law of Tasmania means the provisions applying by reason of section 58 ; [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] ASIC Regulations has the meaning given by Part 11 ; [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] ASIC Regulations of Tasmania means the provisions applying by reason of section 59 ; authority, in relation to the Commonwealth, has the same meaning as in Part 8 of the Corporations Act ; Capital Territory means the Australian Capital Territory and the Jervis Bay Territory; [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] Commission means the Australian Securities and Investments Commission established by the ASIC Act; Commonwealth administrative laws means the following: (a) [Section 3 Subsection (1) amended by No. 11 of 2001, s. 14, Applied:01 Jun 2001] the Administrative Appeals Tribunal Act 1975 of the Commonwealth (excluding Part IVA); (b) [Section 3 Subsection (1) amended by No. 11 of 2001, s. 14, Applied:01 Jun 2001] (c) the Freedom of Information Act 1982 of the Commonwealth; (d) the Ombudsman Act 1976 of the Commonwealth; (e) the Privacy Act 1988 of the Commonwealth – and the provisions of the regulations in force for the time being under those Acts; [Section 3 Subsection (1) amended by No. 11 of 2001, s. 14, Applied:01 Jun 2001] Commonwealth authority means an authority or body (whether incorporated or not) that is established or continued in existence by or under an Act of the Commonwealth; [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] Commonwealth law means any of the written or unwritten laws of the Commonwealth, including laws about the exercise of prerogative powers, rights and privileges, other than the Corporations Law of the Capital Territory, the ASIC Law of the Capital Territory or provisions prescribed, for the purposes of the definition of "Commonwealth law" in section 4 of the Corporations Act , by regulations under section 73 of the Corporations Act ; Commonwealth Minister has the meaning given to "the Minister" by section 80A(2) of the Corporations Law ; co-operative scheme laws has the meaning given by section 84 ; Corporations Act means the Corporations Act 1989 of the Commonwealth; Corporations Law has the meaning given by Part 3 ; Corporations Law of Tasmania means the provisions applying by reason of section 7 ; Corporations Regulations has the meaning given by Part 3 ; Corporations Regulations of Tasmania means the provisions applying by reason of section 8 ; corresponding law means – (a) an Act of a jurisdiction (other than Tasmania) that corresponds to this Act; or (b) regulations made under such an Act; or (c) [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] the Corporations Law, Corporations Regulations, ASIC Law, or ASIC Regulations, or any other applicable provision, of such a jurisdiction; or (d) rules of court made because of such an Act; [Section 3 Subsection (1) amended by No. 11 of 2001, s. 14, Applied:01 Jun 2001] Federal Court means the Federal Court of Australia; Full Court, in relation to a Supreme Court of a State or Territory, includes any court of the State or Territory to which appeals lie from a single judge of that Supreme Court; jurisdiction means a State or the Capital Territory; law, in relation to the Capital Territory, means a law of, or in force in, the Capital Territory; Minister for this jurisdiction means the Minister; modifications includes additions, omissions and substitutions; national scheme law has the meaning given by section 60 ; national scheme law of this jurisdiction means – (a) this Act; or (b) the Corporations Law of Tasmania ; or (c) [Section 3 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] the ASIC Law of Tasmania; NCSC means the National Companies and Securities Commission; officer, in relation to the Commonwealth, has the same meaning as in Part 8 of the Corporations Act ; [Section 3 Subsection (1) amended by No. 11 of 2001, s. 14, Applied:01 Jun 2001] officer of the Commonwealth has the same meaning as in section 75(v) of the Constitution of the Commonwealth; State includes the Northern Territory; State Family Court, in relation to a State, means a court of that State to which section 41 of the Family Law Act 1975 of the Commonwealth applies because of a proclamation made under section 41 (2) of that Act ; Territory does not include the Northern Territory; this jurisdiction means Tasmania. (2) In this Act, a reference to a Commonwealth Act includes a reference to – (a) that Commonwealth Act as amended and in force for the time being; and (b) an Act passed in substitution for that Act. 4Australian Capital TerritoryFor the purposes of the national scheme laws of this jurisdiction, the Jervis Bay Territory is taken to be part of the Australian Capital Territory. 5This Act and applicable provisions of Tasmania not to be affected by later State laws (1) An Act enacted, or an instrument made under an Act, after the commencement of this section is not to be interpreted as amending or repealing, or otherwise altering the effect or operation of, this Act or the applicable provisions of Tasmania. (2) Subsection (1) does not affect the interpretation of an Act, or of an instrument made under an Act, so far as that Act provides expressly for that Act or instrument, as the case may be, to have effect despite a specified provision, or despite any provision, of this Act or the applicable provisions of Tasmania. 6Operation of other Tasmanian lawsExcept as otherwise provided in this Act, nothing in this Act or the applicable provisions of Tasmania affects the operation after the commencement of this section of an Act enacted before that commencement or of an instrument made under such an Act. PART 2The Corporations Law, and the Corporations Regulations, of Tasmania7Application in Tasmania of the Corporations Law [Section 7 Amended by No. 41 of 2001, s. 31, Applied:15 Jul 2001] The Corporations Law set out in section 82 of the Corporations Act as in force immediately before the repeal of that section– (a) applies as a law of Tasmania; and (b) as so applying, may be referred to as the Corporations Law of Tasmania. 8Application of regulations (1) [Section 8 Subsection (1) amended by No. 41 of 2001, s. 31, Applied:15 Jul 2001] The regulations in force, immediately before the repeal of the Corporations Act, under section 22 of that Act– (a) apply as regulations in force for the purposes of the Corporations Law of Tasmania ; and (b) as so applying, may be referred to as the Corporations Regulations of Tasmania. (2) Subject to subsection (3) of this section, where regulations under section 22 of the Corporations Act take effect from a specified day that is earlier than the day when they are notified in the Commonwealth of Australia Gazette under section 48(1) of the Acts Interpretation Act 1901 of the Commonwealth, subsection (1) of this section has effect, and is taken always to have had effect, as if those regulations had taken effect under the Corporations Act from the specified day. (3) To the extent that a provision of the Corporations Regulations of Tasmania is taken because of a particular application of subsection (2) to have effect, or to have had effect, before the day of notification of the regulations referred to in that subsection, the provision does not operate so as to – (a) affect a private person’s rights as at that day so as to disadvantage that person; or (b) impose a liability on a private person in respect of anything done or omitted to be done before that day. (4) In subsection (3) , private person means a person other than – (a) the Commonwealth, a State or the Capital Territory; or (b) an authority of the Commonwealth, of a State or of the Capital Territory. (5) Subsection (3) does not affect any other operation that the provision has because of subsection (2) or otherwise. 9Interpretation of some expressions in the Corporations Law, and the Corporations Regulations, of TasmaniaIn the Corporations Law , and the Corporations Regulations , of Tasmania – the Minister for this jurisdiction means the Minister; this jurisdiction means Tasmania. 10Interpretation law (1) Subject to Part 1.2 of the Corporations Law of Tasmania , the Acts Interpretation Act 1901 of the Commonwealth as in force at the commencement of section 8 of the Corporations Act , applies as a law of Tasmania in relation to the Corporations Law , and the Corporations Regulations , of Tasmania and any instrument made, granted or issued under that Law or those Regulations (other than application orders under section 111A of that Law ) and so applies as if that Law were an Act of the Commonwealth and those Regulations or instruments were regulations or instruments made under such an Act. (2) The Acts Interpretation Act 1931 and the Rules Publication Act 1953 do not apply in relation to the Corporations Law , or the Corporations Regulations , of Tasmania or an application order or any other instrument made, granted or issued under that Law or those Regulations. PART 3Citing the Corporations Law and the Corporations Regulations11Simpler citation of Corporations Law, and Corporations Regulations, of Tasmania (1) The Corporations Law of Tasmania may be referred to simply as the Corporations Law. (2) The Corporations Regulations of Tasmania may be referred to simply as the Corporations Regulations. (3) This section has effect subject to section 13 . 12References to Corporations Law, and Corporations Regulations, of other jurisdictions (1) This section has effect for the purposes of an Act, a law of Tasmania or an instrument made under an Act or under such a law. (2) [Section 12 Subsection (2) amended by No. 41 of 2001, s. 31, Applied:15 Jul 2001] Where a law of a jurisdiction other than Tasmania that corresponds to section 7 of this Act provides that the Corporations Law set out in section 82 of the Corporations Act applies as law of that jurisdiction, the Corporations Law of that jurisdiction is the Corporations Law so set out, applying as law of that jurisdiction. (3) [Section 12 Subsection (3) amended by No. 41 of 2001, s. 31, Applied:15 Jul 2001] Where a law of a jurisdiction other than Tasmania that corresponds to section 8 of this Act provides that the regulations under section 22 of the Corporations Act apply for the purposes of the Corporations Law of that jurisdiction, the Corporations Regulations of that jurisdiction are those regulations as so applying. 13References to Corporations Law and Corporations Regulations (1) The object of this section is to help ensure that the Corporations Law of Tasmania operates, so far as possible, as if that Law, together with the Corporations Law of each jurisdiction other than Tasmania, constituted a single national Corporations Law applying of its own force throughout Australia. (2) Subject to this section, a reference in an instrument to the Corporations Law, or to the Corporations Regulations, is to be taken, for the purposes of the laws of Tasmania – (a) to be a reference to the Corporations Law , or to the Corporations Regulations , of Tasmania; and (b) to include a separate reference to the Corporations Law, or to the Corporations Regulations, of each jurisdiction other than Tasmania. (3) Subsection (2) has effect except so far as the contrary intention appears in the instrument, or the context of the reference otherwise requires. (4) Without limiting subsection (3) , subsection (2) does not apply in relation to a reference expressed as a reference to the Corporations Law, or to the Corporations Regulations, of a jurisdiction. (5) In this section, instrument means – (a) an Act or an instrument made under an Act; or (b) a law of Tasmania or an instrument made under such a law; or (c) an award or other industrial determination or order, or an industrial agreement; or (d) any other order (whether executive, judicial or otherwise); or (e) a notice, certificate or licence; or (f) an agreement; or (g) an application made, information laid, affidavit sworn, or warrant issued, for any purpose; or (h) an indictment, presentment, summons or writ; or (i) any other pleading in, or process issued in connection with, a legal or other proceeding; or (j) any other document whatever. PART 4Application of the Corporations Law to the Crown14InterpretationTo avoid doubt, a reference in this Part to the Crown in a particular right includes a reference to an instrumentality or agency (whether a body corporate or not) of the Crown in that right. 15Corporations Law of Tasmania (1) Chapter 5 (except Part 5.8) of the Corporations Law of Tasmania binds the Crown not only in right of the State of Tasmania but also, so far as the legislative power of the Parliament permits, the Crown in right of the Commonwealth, of each of the other States, of the Capital Territory, of the Northern Territory and of Norfolk Island. (1A) [Section 15 Subsection (1A) inserted by No. 66 of 2000, s. 4, Applied:14 Nov 2000] Chapters 6, 6A, 6B, 6C and 6D of the Corporations Law of Tasmania – (a) bind the Crown in right of the Commonwealth so far as the legislative power of the Parliament permits; but (b) do not bind the Crown in right of the State of Tasmania, of any other State, of the Capital Territory, of the Northern Territory or of Norfolk Island. (2) To avoid doubt, Chapter 7 of the Corporations Law of Tasmania does not bind the Crown in right of the State of Tasmania, of the Commonwealth, of any other State, of the Capital Territory, of the Northern Territory or of Norfolk Island. 16Corporations Law of other jurisdictionsChapter 5 (except Part 5.8) of the Corporations Law of each jurisdiction other than Tasmania binds the Crown in right of the State of Tasmania. 17Crown not liable to prosecutionNothing in this Part, or in the Corporations Law , renders the Crown in any right liable to be prosecuted for an offence. 18This Part overrides the prerogativeWhere, because of this Part, a provision of a law of another jurisdiction binds the Crown in right of the State of Tasmania, the Crown in that right is subject to that provision despite any prerogative right or privilege. PART 5Application Orders19Commonwealth Minister to obtain consent of State MinisterDespite Part 1.3 of the Corporations Law of Tasmania and section 20 of this Act, the Commonwealth Minister may only make an order under section 111A of that Law , or that section as applying because of section 20 of this Act, with the consent of the Minister for this jurisdiction. 20Application orders for ASC Law [Section 20 Amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] Part 1.3 of the Corporations Law of Tasmania applies for the purposes of the ASIC Law of Tasmania as if the provisions of the ASIC Law of Tasmania were provisions of the Corporations Law of Tasmania . PART 6. . . . . . .21PART 7Imposition of Fees and Taxes22Fees (including taxes) for chargeable mattersThis section imposes the fees (including fees that are taxes) that the Corporations Regulations of Tasmania prescribe. 23Contributions and levies for fidelity funds of securities exchanges (1) This section imposes – (a) the contribution payable under section 902(1) of the Corporations Law of Tasmania by a person who wishes to be admitted to membership of a securities exchange, or to a partnership in a member firm recognized by a securities exchange; and (b) the annual contribution payable under section 902(2) of that Law by a member of a securities exchange; and (c) any levy payable under section 904 of that Law by a member of a securities exchange. (2) An expression has in subsection (1) the meaning it would have if this section were in Part 7.9 of the Corporations Law of Tasmania . 24Levies for National Guarantee FundThis section imposes any levy that is payable under section 938, 940 or 941 of the Corporations Law of Tasmania . 25Contributions and levies for fidelity funds of futures organizations (1) This section imposes – (a) the contribution payable under section 1234(1) of the Corporations Law of Tasmania by a person who wishes to be admitted to membership of a futures organization; and (b) the annual contribution payable under section 1234(2) of that Law by a contributing member of a futures organization; and (c) any levy payable under section 1235 of that Law by a contributing member of a futures organization. (2) An expression has in subsection (1) the meaning it would have if this section were in Part 8.6 of the Corporations Law of Tasmania . PART 8National Administration and Enforcement of the Corporations LawDivision 1Preliminary26ObjectThe object of this Part is to help ensure that – (a) the Corporations Law of Tasmania , and the Corporations Law of each jurisdiction other than Tasmania, are administered and enforced on a national basis, in the same way as if those Laws constituted a single law of the Commonwealth; and (b) [Section 26 Amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] the ASIC Law of Tasmania, and the ASIC Law of each jurisdiction other than Tasmania, are administered and enforced on a national basis, in the same way as if those Laws constituted a single law of the Commonwealth. 27Effect of Part (1) [Section 27 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] This Part has effect subject to this Act (in particular Part 9 ), the Corporations Law of Tasmania and the ASIC Law of Tasmania. (2) Nothing in this Part limits the generality of anything else in it. Division 2Offences against applicable provisions28Object (1) The object of this Division is to further the object of this Part by providing – (a) for an offence against an applicable provision of Tasmania to be treated as if it were an offence against a law of the Commonwealth; and (b) for an offence against an applicable provision of another jurisdiction to be treated in Tasmania as if it were an offence against a law of the Commonwealth. (2) The purposes for which an offence is to be treated as mentioned in subsection (1) include, for example (but without limitation) – (a) the investigation and prosecution of offences; and (b) the arrest, custody, bail, trial and conviction of offenders or persons charged with offences; and (c) proceedings relating to a matter referred to in paragraph (a) or (b) ; and (d) appeals and review relating to criminal proceedings and to proceedings of the kind referred to in paragraph (c) ; and (e) the sentencing, punishment and release of persons convicted of offences; and (f) fines, penalties and forfeitures; and (g) liability to make reparation in connection with offences; and (h) proceeds of crime; and (i) spent convictions. 29Application of Commonwealth laws in relation to offences against applicable provisions (1) The Commonwealth laws apply as laws of Tasmania in relation to an offence against the applicable provisions of Tasmania as if those provisions were laws of the Commonwealth and were not laws of Tasmania. (2) For the purposes of a law of Tasmania, an offence against the applicable provisions of Tasmania – (a) is taken to be an offence against the laws of the Commonwealth, in the same way as if those provisions were laws of the Commonwealth; and (b) is taken not to be an offence against the laws of Tasmania. (3) Subsection (2) has effect for the purposes of a law of Tasmania except as prescribed by regulations under section 80 . 30Application of Commonwealth laws in relation to offences against applicable provisions of other jurisdictions (1) [Section 30 Subsection (1) amended by No. 5 of 1992, s. 5 ]The Commonwealth laws apply as laws of Tasmania in relation to an offence against the applicable provisions of another jurisdiction as if those provisions were laws of the Commonwealth and were not laws of that other jurisdiction. (2) For the purposes of a law of Tasmania, an offence against the applicable provisions of another jurisdiction – (a) is taken to be an offence against the laws of the Commonwealth, in the same way as if those provisions were laws of the Commonwealth; and (b) is taken not to be an offence against the laws of that jurisdiction. (3) Subsection (2) has effect for the purposes of a law of Tasmania except as prescribed by regulations under section 80 . (4) This section does not require, prohibit, empower, authorize or otherwise provide for, the doing of an act outside Tasmania. 31Functions and powers conferred on Commonwealth authorities (1) A Commonwealth law applying because of section 29 that confers on an officer or authority of the Commonwealth a function or power in relation to an offence against the applicable provisions of the Capital Territory also confers on the officer or authority the same function or power in relation to an offence against the corresponding applicable provision of Tasmania. (2) A Commonwealth law applying because of section 30 that confers on an officer or authority of the Commonwealth a function or power in relation to an offence against an applicable provision of the Capital Territory also confers on the officer or authority the same function or power in relation to an offence against the corresponding applicable provision of another jurisdiction. (3) The function or power referred to in subsection (2) may only be performed or exercised in Tasmania. (4) In performing a function or exercising a power conferred by subsection (1) or (2) an officer or authority of the Commonwealth must act as nearly as practicable as the officer or authority would act in performing or exercising the same function or power in relation to an offence against the corresponding applicable provision of the Capital Territory. (5) [Section 31 Subsection (5) inserted by No. 41 of 2001, s. 31, Applied:15 Jul 2001] A Commonwealth law applying because of section 29 or 30 applies as if it did not contain any provision empowering a Minister of State for the Commonwealth to give any directions in relation to the performance of a function or the exercise of a power conferred by subsection (1) or (2) . 32Reference in Commonwealth law to a provision of another lawA reference in a Commonwealth law to a provision of that or another Commonwealth law is taken, for the purposes of section 29 or 30 , to be a reference to that provision as applying because of that section. 33Division 3Administrative Law34ObjectThe object of this Division is to further the object of this Part by providing that the Commonwealth administrative laws – (a) apply to the applicable provisions of Tasmania; and (b) apply, in Tasmania, to the applicable provisions of another jurisdiction – as if the applicable provisions were those of the Capital Territory. 35Application of Commonwealth administrative laws in relation to applicable provisions (1) The Commonwealth administrative laws apply as laws of Tasmania in relation to any act, matter or thing arising under or in respect of the applicable provisions of Tasmania as if those provisions were laws of the Commonwealth and were not laws of Tasmania. (2) For the purposes of a law of Tasmania, an act, matter or thing arising under or in respect of the applicable provisions of Tasmania – (a) is taken to be an act, matter or thing arising under or in respect of the laws of the Commonwealth, in the same way as if those provisions were laws of the Commonwealth; and (b) is taken not to be an act, matter or thing arising under or in respect of the laws of Tasmania. (3) Subsection (2) has effect for the purposes of a law of Tasmania except as prescribed by regulations under section 80 . 36Application of Commonwealth administrative laws in relation to applicable provisions of other jurisdictions (1) The Commonwealth administrative laws apply as laws of Tasmania in relation to any act, matter or thing arising under or in respect of the applicable provisions of another jurisdiction as if those provisions were laws of the Commonwealth and were not laws of that jurisdiction. (2) For the purposes of a law of Tasmania, an act, matter or thing arising under or in respect of the applicable provisions of another jurisdiction – (a) is taken to be an act, matter or thing arising under or in respect of the laws of the Commonwealth, in the same way as if those provisions were laws of the Commonwealth; and (b) is taken not to be an act, matter or thing arising under or in respect of the laws of that jurisdiction. (3) Subsection (2) has effect for the purposes of a law of Tasmania except as prescribed by regulations under section 80 . (4) This section does not require, prohibit, empower, authorize or otherwise provide for the doing of an act outside Tasmania. 36AConstruction of references to Part IVA of Commonwealth AAT Act [Section 36A Inserted by No. 11 of 2001, s. 15, Applied:01 Jun 2001] For the purposes of sections 35 and 36 , a reference in a provision of the Administrative Appeals Tribunal Act 1975 of the Commonwealth (as that provision applies as a law of this jurisdiction) to the whole or any part of Part IVA of that Act is taken to be a reference to the whole or any part of that Part as it has effect as a law of the Commonwealth. 37Functions and powers conferred on Commonwealth authorities (1) A Commonwealth administrative law applying because of section 35 that confers on an officer or authority of the Commonwealth a function or power in relation to an act, matter or thing arising under or in respect of an applicable provision of the Capital Territory also confers on the officer or authority the same function or power in relation to an act, matter or thing arising under or in respect of the corresponding applicable provision of Tasmania. (2) A Commonwealth administrative law applying because of section 36 that confers on an officer or authority of the Commonwealth a function or power in relation to an act, matter or thing arising under or in respect of an applicable provision of the Capital Territory also confers on the officer or authority the same function or power in relation to an act, matter or thing arising under or in respect of the corresponding applicable provision of another jurisdiction. (3) The function or power referred to in subsection (2) may only be performed or exercised in Tasmania. (4) In performing a function or exercising a power conferred by subsection (1) or (2) an officer or authority of the Commonwealth must act as nearly as practicable as the officer or authority would act in performing or exercising the same function or power in relation to an act, matter or thing arising under or in respect of the corresponding applicable provision of the Capital Territory. (5) [Section 37 Subsection (5) inserted by No. 41 of 2001, s. 31, Applied:15 Jul 2001] A Commonwealth law applying because of section 35 or 36 applies as if it did not contain any provision empowering a Minister of State for the Commonwealth to give any directions in relation to the performance of a function or the exercise of a power conferred by subsection (1) or (2) . 38Reference in Commonwealth administrative law to a provision of another lawA reference in a Commonwealth administrative law to a provision of that or another Commonwealth administrative law is taken for the purposes of section 35 or 36 to be a reference to that provision as applying because of that section. 39PART 9Jurisdiction and procedure of CourtsDivision 1Vesting and cross-vesting of civil jurisdiction40Operation of Division (1) [Section 40 Subsection (1) amended by No. 33 of 1995, s. 4 ]This Division provides in relation to – (a) the jurisdiction of courts in respect of civil matters arising under the Corporations Law of Tasmania ; and (b) [Section 40 Subsection (1) amended by No. 11 of 2001, s. 16, Applied:01 Jun 2001] the jurisdiction of the courts of Tasmania in respect of civil matters arising under the Corporations Law of another State or the Capital Territory; and (c) [Section 40 Subsection (1) amended by No. 11 of 2001, s. 16, Applied:01 Jun 2001] the jurisdiction of courts in respect of matters arising under the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth involving or related to decisions made under the Corporations Law of a State or the Capital Territory by Commonwealth authorities and officers of the Commonwealth; and (d) [Section 40 Subsection (1) amended by No. 11 of 2001, s. 16, Applied:01 Jun 2001] the jurisdiction of courts in civil matters in respect of decisions made by officers of the Commonwealth to prosecute persons for offences against the Corporations Law of a State or the Capital Territory and related criminal justice process decisions – and so provides to the exclusion of the Jurisdiction of Courts (Cross-vesting) Act 1987 . (2) Nothing in this Division affects any other jurisdiction of any court. 41Interpretation (1) [Section 41 Subsection (1) substituted by No. 33 of 1995, s. 5 ]In this Division – civil matter means a matter other than a criminal matter; Corporations Law has the extended meaning given by subsection (2) ; judgment means a judgment, decree or order, whether final or interlocutory; lower court means a court of a State or Territory that is not a superior court; [Section 41 Subsection (1) amended by No. 11 of 2001, s. 17, Applied:01 Jun 2001] [Section 41 Subsection (1) amended by No. 11 of 2001, s. 17, Applied:01 Jun 2001] superior court means the Supreme Court of a State or Territory or a State Family Court; superior court matter means a civil matter that the Corporations Law clearly intends (for example, by use of the expression "the Court") to be dealt with only by a superior court. (2) [Section 41 Subsection (2) amended by No. 5 of 1992, s. 6 ]In this Division – (a) a reference to the Corporations Law of Tasmania includes a reference to – (i) the Corporations Regulations of Tasmania ; and (ii) [Section 41 Subsection (2) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] the ASIC Law of Tasmania; and (iii) [Section 41 Subsection (2) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] the ASIC Regulations of Tasmania; and (iv) any other applicable provisions (as defined in section 3 ) of Tasmania; and (v) this Act; and (vi) regulations made under this Act; and (vii) rules of court made by the Supreme Court of Tasmania because of a provision of this Act; and (viii) [Section 41 Subsection (2) amended by No. 11 of 2001, s. 17, Applied:01 Jun 2001] . . . . . . . . (ix) rules of court applied by the Supreme Court of another State, or of the Capital Territory, or a State Family Court of another State, when exercising jurisdiction conferred by this Division (including jurisdiction conferred by virtue of any previous application or applications of this subparagraph); and (b) a reference to the Corporations Law of another State or of the Capital Territory is a reference to the Corporations Law of that other State or of the Capital Territory within the meaning of the law of that other State or the Capital Territory corresponding to this Division. 42Jurisdiction of Federal Court and State and Territory Supreme Courts (1) [Section 42 Subsection (1) amended by No. 11 of 2001, s. 18, Applied:01 Jun 2001] Subject to section 9 of the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth, jurisdiction is conferred on the Supreme Court of Tasmania and of each other State and the Capital Territory with respect to civil matters arising under the Corporations Law of Tasmania . (1A) [Section 42 Subsection (1A) inserted by No. 11 of 2001, s. 18, Applied:01 Jun 2001] Despite section 9 of the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth, jurisdiction is conferred on the Supreme Court of Tasmania and of each State and the Capital Territory with respect to matters arising under that Act involving or related to decisions made, or proposed to be made, under the Corporations Law of a State or the Capital Territory by a Commonwealth authority or an officer of the Commonwealth. (1B) [Section 42 Subsection (1B) inserted by No. 11 of 2001, s. 18, Applied:01 Jun 2001] Subsection (1A) applies to a decision made, or proposed or required to be made – (a) whether or not in the exercise of a discretion; and (b) whether before or after the commencement of section 19(b) of the Federal Courts (Consequential Amendments) Act 2001 . (2) [Section 42 Subsection (2) amended by No. 11 of 2001, s. 18, Applied:01 Jun 2001] The jurisdiction conferred on a Supreme Court by subsection (1) or (1A) is not limited by any limits to which any other jurisdiction of that Supreme Court may be subject. (3) [Section 42 Subsection (3) amended by No. 5 of 1992, s. 7 ][Section 42 Subsection (3) substituted by No. 11 of 2001, s. 18, Applied:01 Jun 2001] This section has effect subject to section 42AA . 42AJurisdiction of Family Court and State Family Courts [Section 42A Inserted by No. 5 of 1992, s. 8 ] (1) [Section 42A Subsection (1) omitted by No. 11 of 2001, s. 19, Applied:01 Jun 2001] . . . . . . . . (2) [Section 42A Subsection (2) amended by No. 11 of 2001, s. 19, Applied:01 Jun 2001] Subject to section 9 of the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth, jurisdiction is conferred on each State Family Court with respect to civil matters arising under the Corporations Law of Tasmania . (3) The jurisdiction conferred on a State Family Court by subsection (2) is not limited by any limits to which any other jurisdiction of the State Family Court may be subject. (4) [Section 42A Subsection (4) inserted by No. 11 of 2001, s. 19, Applied:01 Jun 2001] This section has effect subject to section 42AA . 42AAJurisdiction of Supreme Court in relation to certain decisions made by Commonwealth officers [Section 42AA Inserted by No. 11 of 2001, s. 20, Applied:01 Jun 2001] (1) If a decision to prosecute a person for an offence against the Corporations Law of Tasmania has been made by an officer or officers of the Commonwealth and the prosecution is proposed to be commenced in a court of Tasmania, jurisdiction is conferred on the Supreme Court with respect to any matter in which a person seeks a writ of mandamus or prohibition or an injunction against the officer or officers in relation to that decision. (2) At any time when – (a) a prosecution for an offence against the Corporations Law of Tasmania is before a court of Tasmania; or (b) an appeal arising out of such a prosecution is before a court of Tasmania – jurisdiction is conferred on the Supreme Court with respect to any matter in which the person who is or was the defendant in the prosecution seeks a writ of mandamus or prohibition or an injunction against an officer or officers of the Commonwealth in relation to a related criminal justice process decision. (3) Subsections (1) and (2) have effect despite anything in this Act or in any other law. (4) In this section – appeal includes an application for a new trial and a proceeding to review or call in question the proceedings, decision or jurisdiction of a court or judge; related criminal justice process decision, in relation to an offence, means a decision (other than a decision to prosecute) made in the criminal justice process in relation to the offence, including – (a) a decision in connection with the investigation, committal for trial or prosecution of the defendant; and (b) a decision in connection with the appointment of investigators or inspectors for the purposes of such an investigation; and (c) a decision in connection with the issue of a warrant, including a search warrant or a seizure warrant; and (d) a decision requiring the production of documents, the giving of information or the summoning of persons as witnesses; and (e) a decision in connection with an appeal arising out of the prosecution. 42BJurisdiction of lower courts [Section 42B Inserted by No. 33 of 1995, s. 6 ] (1) [Section 42B Subsection (1) amended by No. 11 of 2001, s. 21, Applied:01 Jun 2001] Subject to section 9 of the Administrative Decisions (Judicial Review) Act 1977 of the Commonwealth, jurisdiction is conferred on the lower courts of Tasmania and of each other State and the Capital Territory with respect to civil matters, other than superior court matters, arising under the Corporations Law of Tasmania . (2) The jurisdiction conferred on a lower court by subsection (1) – (a) is subject to the court’s general jurisdictional limits, so far as they relate to the amounts, or the value of property, with which the court may deal; but (b) is not subject to the court’s other jurisdictional limits. 43Appeals [Section 43 Substituted by No. 5 of 1992, s. 9 ] (1) [Section 43 Subsection (1) amended by No. 11 of 2001, s. 22, Applied:01 Jun 2001] An appeal may not be instituted from a decision of a court of Tasmania to a court of another State or of the Capital Territory. (2) [Section 43 Subsection (2) omitted by No. 11 of 2001, s. 22, Applied:01 Jun 2001] . . . . . . . . (3) [Section 43 Subsection (3) omitted by No. 11 of 2001, s. 22, Applied:01 Jun 2001] . . . . . . . . (4) [Section 43 Subsection (4) amended by No. 11 of 2001, s. 22, Applied:01 Jun 2001] [Section 43 Subsection (4) substituted by No. 33 of 1995, s. 7 ]An appeal may not be instituted from a decision of a court (not being a State Family Court) of another State to a State Family Court of that State or to a court of a different State or of the Capital Territory. (5) [Section 43 Subsection (5) amended by No. 11 of 2001, s. 22, Applied:01 Jun 2001] An appeal may not be instituted from a decision of a court of the Capital Territory to a court of a State. (6) [Section 43 Subsection (6) amended by No. 11 of 2001, s. 22, Applied:01 Jun 2001] An appeal may not be instituted from a decision of a State Family Court of a State to a court of the Capital Territory or of another State, or (except in accordance with the law of the State under which the State Family Court is constituted) to the Supreme Court of that State. 44Transfer of proceedings (1) [Section 44 Subsection (1) substituted by No. 11 of 2001, s. 23, Applied:01 Jun 2001] This section applies to the following: (a) a proceeding with respect to a civil matter arising under the Corporations Law of Tasmania that is in a court having jurisdiction under section 42(1) or (2) ; (b) a proceeding with respect to a matter referred to in subsection (1A) of section 42 that is in a court having jurisdiction under that subsection or in the Federal Court. (2) [Section 44 Subsection (2) amended by No. 11 of 2001, s. 23, Applied:01 Jun 2001] Subject to subsections (3) , (4) and (5) , if it appears to the court that, having regard to the interests of justice, it is more appropriate for the proceeding, or an application in the proceeding, to be determined by another court having jurisdiction in the matters for determination in the proceeding or application, the first-mentioned court may transfer the proceeding or application to that other court. (3) [Section 44 Subsection (3) omitted by No. 5 of 1992, s. 10 ][Section 44 Subsection (3) inserted by No. 11 of 2001, s. 23, Applied:01 Jun 2001] If a proceeding with respect to a matter referred to in section 42(1A) is pending in the Supreme Court of a State or the Capital Territory (the "relevant jurisdiction"), the court must transfer the proceeding to the Federal Court unless the matter for determination in it arises out of, or relates to, another proceeding pending in any court of the relevant jurisdiction – (a) that arises, or a substantial part of which arises, under the Corporations Law of a State or the Capital Territory; and (b) that is not a proceeding with respect to a matter referred to in section 42(1A) – regardless of which proceeding was commenced first. (4) [Section 44 Subsection (4) omitted by No. 5 of 1992, s. 10 ][Section 44 Subsection (4) inserted by No. 11 of 2001, s. 23, Applied:01 Jun 2001] Even if the Supreme Court of a State or the Capital Territory is not required by subsection (3) to transfer a proceeding with respect to a matter referred to in section 42(1A) to the Federal Court, it may nevertheless do so if it considers that to be appropriate, having regard to the interests of justice, including the desirability of related proceedings being heard in the same jurisdiction. (5) [Section 44 Subsection (5) omitted by No. 5 of 1992, s. 10 ][Section 44 Subsection (5) inserted by No. 11 of 2001, s. 23, Applied:01 Jun 2001] If a proceeding with respect to a matter referred to in section 42(1A) is pending in the Federal Court, the Federal Court may only transfer the proceeding, or an application in the proceeding, to the Supreme Court of a State or the Capital Territory (the "relevant jurisdiction") if – (a) the matter arises out of, or relates to, another proceeding pending in any court of the relevant jurisdiction – (i) that arises, or a substantial part of which arises, under the Corporations Law of a State or the Capital Territory; and (ii) that is not a proceeding with respect to a matter referred to in section 42(1A) – regardless of which proceeding was commenced first; and (b) the Federal Court considers the transfer to be appropriate, having regard to the interests of justice, including the desirability of related proceedings being heard in the same jurisdiction. (6) [Section 44 Subsection (6) inserted by No. 11 of 2001, s. 23, Applied:01 Jun 2001] Nothing in this section confers on a court jurisdiction that the court would not otherwise have. (7) [Section 44 Subsection (7) inserted by No. 11 of 2001, s. 23, Applied:01 Jun 2001] The fact that some references in this section to the interests of justice include the desirability of related proceedings being heard in the same jurisdiction does not of itself mean that other references to the interests of justice, in this section or elsewhere in this Act, do not include that matter. 44ATransfer of proceedings by Family Court and State Family Courts [Section 44A Inserted by No. 5 of 1992, s. 11 ] (1) [Section 44A Subsection (1) amended by No. 11 of 2001, s. 24, Applied:01 Jun 2001] This section applies to a proceeding with respect to a civil matter arising under the Corporations Law of Tasmania in a State Family Court (in this section called the "first court") having jurisdiction under section 42A . (2) [Section 44A Subsection (2) amended by No. 11 of 2001, s. 24, Applied:01 Jun 2001] [Section 44A Subsection (2) amended by No. 33 of 1995, s. 8 ]If it appears to the first court that– (a) [Section 44A Subsection (2) amended by No. 11 of 2001, s. 24, Applied:01 Jun 2001] the proceeding arises out of, or is related to, another proceeding pending in another court of a State or of the Capital Territory, and that the court in which the other proceeding is pending is the most appropriate court to determine the first-mentioned proceeding; or (b) [Section 44A Subsection (2) amended by No. 11 of 2001, s. 24, Applied:01 Jun 2001] having regard to– (i) whether, in the first court’s opinion, apart from this Division or a law of another State or of the Capital Territory corresponding to this Division, the proceeding, or a substantial part of it, would have been incapable of being instituted in the first court; and (ii) the extent to which, in the first court’s opinion, the matters for determination in the proceeding are matters not within the first court’s jurisdiction apart from this Division or such a law; and (iii) the interests of justice– another court of a State or of the Capital Territory, is the most appropriate court to determine the proceeding; or (c) [Section 44A Subsection (2) amended by No. 11 of 2001, s. 24, Applied:01 Jun 2001] it is otherwise in the interests of justice that another court of a State or of the Capital Territory, determine the proceeding– the first court must transfer that proceeding to that other court. (3) Subject to subsection (2) , if it appears to the first court that – (a) [Section 44A Subsection (3) amended by No. 11 of 2001, s. 24, Applied:01 Jun 2001] the proceeding arises out of, or is related to, another proceeding pending in another State Family Court having jurisdiction under section 42A in the matters for determination in the first-mentioned proceeding, and that the other court is the most appropriate court to determine the first-mentioned proceeding; or (b) [Section 44A Subsection (3) amended by No. 11 of 2001, s. 24, Applied:01 Jun 2001] it is otherwise in the interests of justice that the proceeding be determined by another State Family Court having jurisdiction under section 42A in the matters for determination in the proceeding– the first court must transfer the proceeding to the other court. (4) If – (a) the first court transfers the proceeding to another court; and (b) it appears to the first court that – (i) there is another proceeding pending in the first court that arises out of, or is related to, the first-mentioned proceeding; and (ii) it is in the interests of justice that the other court also determine the other proceeding – the first court must also transfer the other proceeding to the other court. (5) [Section 44A Subsection (5) inserted by No. 11 of 2001, s. 24, Applied:01 Jun 2001] Nothing in this section confers on a court jurisdiction that the court would not otherwise have. 44AATransfer of proceedings in lower courts [Section 44AA Inserted by No. 33 of 1995, s. 9 ] (1) This section applies to a proceeding with respect to a civil matter arising under the Corporations Law of Tasmania in a lower court (the "first court") having jurisdiction under section 42B . (2) If it appears to the first court that, having regard to the interests of justice, it is more appropriate for the proceeding, or an application in the proceeding, to be determined by another court (the "second court") having jurisdiction in the matters for determination in the proceeding or application, the first court may take action under whichever of subsections (3) and (4) applies. (3) If the second court is also a lower court, the first court may transfer the proceeding or application to the second court. (4) If the second court is a superior court, the first court may transfer the proceeding or application to the relevant Supreme Court and recommend that the proceeding or application be transferred by the Supreme Court to the second court. (5) The relevant Supreme Court is not bound to comply with a recommendation under subsection (4) and it may instead decide – (a) to deal with the proceeding or application itself; or (b) to transfer the proceeding or application to some other court (which could be the first court). (6) Nothing in this section allows the relevant Supreme Court to transfer the proceeding or application to another court otherwise than in accordance with section 44 and the other requirements of this Division. (6A) [Section 44AA Subsection (6A) inserted by No. 11 of 2001, s. 25, Applied:01 Jun 2001] Nothing in this section confers on a court jurisdiction that the court would not otherwise have. (7) In this section, relevant Supreme Court means the Supreme Court of the State or Territory of which the first court is a court. 44BFurther matters for a court to consider when deciding whether to transfer a proceeding [Section 44B Inserted by No. 5 of 1992, s. 11 ][Section 44B Amended by No. 33 of 1995, s. 10 ]In deciding whether to transfer under section 44 , 44A or 44AA a proceeding or application, a court must have regard to – (a) the principal place of business of any body corporate concerned in the proceeding or application; and (b) the place or places where the events that are the subject of the proceeding or application took place; and (c) the other courts that have jurisdiction to deal with the proceeding or application. 44CTransfer may be made at any stage [Section 44C Inserted by No. 5 of 1992, s. 11 ][Section 44C Amended by No. 33 of 1995, s. 11 ]A court may transfer under section 44 , 44A or 44AA a proceeding or application – (a) on the application of a party made at any stage; or (b) of the court’s own motion. 44DTransfer of documents [Section 44D Inserted by No. 5 of 1992, s. 11 ][Section 44D Amended by No. 33 of 1995, s. 12 ]Where, under section 44 , 44A or 44AA a court transfers a proceeding, or an application in a proceeding, to another court – (a) the Registrar or other proper officer of the first-mentioned court must transmit to the Registrar or other proper officer of the other court all documents filed in the first-mentioned court in respect of the proceeding or application, as the case may be; and (b) the other court must proceed as if – (i) the proceeding had been originally instituted in the other court; and (ii) the same proceedings had been taken in the other court as were taken in the first-mentioned court; and (iii) in a case where an application is transferred – the application had been made in the other court. 45Conduct of proceedings (1) [Section 45 Subsection (1) amended by No. 5 of 1992, s. 12 ]Subject to sections 51 , 52 and 52A , where it appears to a court that, in determining a matter for determination in a proceeding, the court will, or will be likely to, be exercising relevant jurisdiction the rules of evidence and procedure to be applied in dealing with the matter are to be such as the court considers appropriate in the circumstances, being rules that are applied in a superior court in Australia or in an external Territory. (2) Where a proceeding is transferred or removed to a court (in this subsection called the "transferee court") from another court (in this subsection called the "transferor court"), the transferee court must deal with the proceeding as if, subject to any order of the transferee court, the steps that had been taken for the purposes of the proceeding in the transferor court (including the making of an order), or similar steps, had been taken in the transferee court. (3) [Section 45 Subsection (3) amended by No. 5 of 1992, s. 12 ][Section 45 Subsection (3) amended by No. 33 of 1995, s. 13 ]In this section, relevant jurisdiction means – (a) [Section 45 Subsection (3) amended by No. 11 of 2001, s. 26, Applied:01 Jun 2001] (b) [Section 45 Subsection (3) amended by No. 11 of 2001, s. 26, Applied:01 Jun 2001] (c) jurisdiction conferred on a court of Tasmania with respect to civil matters arising under the Corporations Law of another State or the Capital Territory; or (d) [Section 45 Subsection (3) amended by No. 11 of 2001, s. 26, Applied:01 Jun 2001] jurisdiction conferred on a court of another State or the Capital Territory with respect to civil matters arising under the Corporations Law of Tasmania ; or (e) [Section 45 Subsection (3) amended by No. 11 of 2001, s. 26, Applied:01 Jun 2001] jurisdiction conferred on a court of a State or the Capital Territory with respect to matters referred to in section 42(1A) . 46Courts to act in aid of each other [Section 46 Amended by No. 33 of 1995, s. 14 ][Section 46 Amended by No. 11 of 2001, s. 27, Applied:01 Jun 2001] All courts having jurisdiction in civil matters arising under the Corporations Law of Tasmania , or in matters referred to in section 42(1A) , and the officers of, or under the control of, those courts must severally act in aid of, and be auxiliary to, each other in all such matters. 47Exercise of jurisdiction pursuant to cross-vesting provisions [Section 47 Amended by No. 33 of 1995, s. 15 ]A court of Tasmania may – (a) exercise jurisdiction (whether original or appellate) conferred on it by a law of another State or the Capital Territory corresponding to this Division with respect to matters arising under the Corporations Law of that State or Territory; and (b) hear and determine a proceeding transferred to it under such a provision. 48Rights of appearance [Section 48 Amended by No. 66 of 2007, Sched. 1, Applied:31 Dec 2008] A person who is entitled to practise as an Australian legal practitioner in a court has, if a proceeding (in this subsection referred to as the "transferred proceeding") in that court is transferred to another court under this Division or a law of another State or the Capital Territory that corresponds to this Division, the same entitlements to practise in relation to– (a) the transferred proceeding; and (b) any other proceeding out of which the transferred proceeding arises or to which the transferred proceeding is related, being another proceeding that is to be determined together with the transferred proceeding– in the other court that the person would have if the other court were a federal court exercising federal jurisdiction. 49Limitation on appealsAn appeal does not lie from a decision of a court – (a) in relation to the transfer of a proceeding under this Division; or (b) as to which rules of evidence and procedure are to be applied pursuant to section 45 (1) . 50Enforcement of judgments, &c. (1) [Section 50 Subsection (1) amended by No. 5 of 1992, s. 13 ][Section 50 Subsection (1) amended by No. 33 of 1995, s. 16 ][Section 50 Subsection (1) substituted by No. 11 of 2001, s. 28, Applied:01 Jun 2001] A judgment of a court of Tasmania that is entirely or partly given in the exercise of jurisdiction conferred by this Division, or by a law of another State that corresponds to this Division, is enforceable in Tasmania as if the judgment had been given by that court entirely in the exercise of the jurisdiction of that court apart from this Division or any such law. (2) [Section 50 Subsection (2) amended by No. 11 of 2001, s. 28, Applied:01 Jun 2001] [Section 50 Subsection (2) amended by No. 5 of 1992, s. 13 ][Section 50 Subsection (2) amended by No. 33 of 1995, s. 16 ]Where– (a) [Section 50 Subsection (2) amended by No. 11 of 2001, s. 28, Applied:01 Jun 2001] a provision of a law of Tasmania (not being a law in relation to the enforcement of judgments) refers to a thing done by the Supreme Court of Tasmania or of another State or of the Capital Territory, a State Family Court or a particular lower court of Tasmania or of another State or of the Capital Territory; and (b) that thing is done by another court in the exercise of jurisdiction conferred by this Division or a law of another State or the Capital Territory corresponding to this Division– the reference in that provision to the Supreme Court of Tasmania or of the other State or Territory, that State Family Court or that lower court, as the case may be, is taken as a reference to that other court. 51Rules of the Supreme Court (1) The Judges of the Supreme Court of Tasmania or a majority of them may make rules of court, not inconsistent with the Corporations Law of Tasmania – (a) with respect to proceedings, and the practice and procedure, of that Court under that Law ; and (b) with respect to any matter or thing that is – (i) required or permitted by that Law to be prescribed by rules within the meaning of that Law ; or (ii) necessary or convenient to be prescribed by such rules for carrying out or giving effect to that Law ; and (c) without limitation, with respect to costs, and with respect to rules as to meetings ordered by that Court. (1A) [Section 51 Subsection (1A) inserted by No. 33 of 1995, s. 17 ]When a lower court of Tasmania is exercising jurisdiction with respect to matters arising under the Corporations Law of Tasmania , the court must apply the rules of court made under subsection (1) , with such alterations as are necessary. (2) [Section 51 Subsection (2) amended by No. 33 of 1995, s. 17 ]When a court of Tasmania is exercising jurisdiction with respect to matters arising under the Corporations Law of another State or the Capital Territory, being jurisdiction conferred by a law of another State or the Capital Territory that corresponds to this Division, that court must apply the rules of court made under subsection (1) with such alterations as are necessary. (3) [Section 51 Subsection (3) amended by No. 33 of 1995, s. 17 ]When a court of another State or the Capital Territory is exercising jurisdiction with respect to matters arising under the Corporations Law of Tasmania , being jurisdiction conferred by this Division, that court must apply the rules of court made under the law of the State or Territory corresponding to subsection (1) with such alterations as are necessary. (4) In this section – Corporations Law of another State or the Capital Territory does not include rules of court; Corporations Law of Tasmania does not include rules of court. 5252ARules of the Family Court or State Family Court [Section 52A Inserted by No. 5 of 1992, s. 14 ] (1) [Section 52A Subsection (1) omitted by No. 11 of 2001, s. 30, Applied:01 Jun 2001] . . . . . . . . (2) When a State Family Court of another State is exercising jurisdiction with respect to matters arising under the Corporations Law of Tasmania , being jurisdiction conferred by this Division, that Court must apply the rules of court made under the law of the State corresponding to section 61A(1) of the Corporations Act , with such alterations as are necessary. (3) In this section, Corporations Law of Tasmania does not include rules of court. Division 2Vesting and cross-vesting of criminal jurisdiction53Operation of DivisionThis Division provides in relation to – (a) the jurisdiction of courts in respect of criminal matters arising under the Corporations Law of Tasmania ; and (b) the jurisdiction of the courts of Tasmania in respect of criminal matters arising under the Corporations Law of any jurisdiction. 54Interpretation (1) In this Division, magistrate means a magistrate who is remunerated by salary or otherwise. (2) In this Division – (a) a reference to the Corporations Law of Tasmania includes a reference to – (i) the Corporations Regulations of Tasmania ; and (ii) [Section 54 Subsection (2) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] the ASIC Law of Tasmania; and (iii) [Section 54 Subsection (2) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] the ASIC Regulations of Tasmania; and (iv) any other applicable provisions (as defined in section 3 ) of Tasmania; and (v) this Act; and (vi) regulations made under this Act; and (vii) [Section 54 Subsection (2) amended by No. 11 of 2001, s. 31, Applied:01 Jun 2001] rules of court applied by the Supreme Court of Tasmania and rules of court applied by the Supreme Court of another State, or of the Capital Territory, when exercising jurisdiction conferred by this Division (including jurisdiction conferred by virtue of any previous application or applications of this subparagraph); and (b) a reference to the Corporations Law of another State or of the Capital Territory is a reference to the Corporations Law of that other State or of the Capital Territory within the meaning of the law of that other State or the Capital Territory corresponding to this Division. 55Jurisdiction of courts (1) Subject to this section, the several courts of each State and the Capital Territory exercising jurisdiction – (a) with respect to – (i) the summary conviction; or (ii) the examination and commitment for trial on indictment; or (iii) the trial and conviction on indictment –of offenders or persons charged with offences against the laws of the State or Capital Territory, and with respect to – (iv) their sentencing, punishment and release; or (v) their liability to make reparation in connection with their offences; or (vi) the forfeiture of property in connection with their offences; or (vii) the proceeds of their crimes; and (b) with respect to the hearing and determination of – (i) proceedings connected with; or (ii) appeals arising out of; or (iii) appeals arising out of proceedings connected with – any such trial or conviction or any matter of a kind referred to in paragraph (a) (iv) , (v) , (vi) or (vii) – have the equivalent jurisdiction with respect to offenders or persons charged with offences against the Corporations Law of Tasmania . (2) Where a provision of a law of another State or the Capital Territory corresponding to subsection (1) is expressed to confer jurisdiction with respect to offenders or persons who are charged with offences against the Corporations Law of that State or the Capital Territory upon a court of Tasmania, the court may exercise that jurisdiction. (3) The jurisdiction conferred by subsection (1) is not to be exercised with respect to the summary conviction, or examination and commitment for trial, of any person except by a magistrate. (4) The jurisdiction conferred by subsection (1) includes jurisdiction in accordance with provisions of a relevant law of another State or the Capital Territory, and – (a) the reference in subsection (1) (b) to "any such trial or conviction" includes a reference to any conviction or sentencing in accordance with the provisions of a relevant law; and (b) unless the contrary intention appears, a reference to jurisdiction conferred by subsection (1) includes a reference to such included jurisdiction. (5) A person may be dealt with in accordance with a relevant law even if, apart from this section, the offence concerned – (a) would be required to be prosecuted on indictment; or (b) would be required to be prosecuted either summarily or on indictment. (6) For the purposes of the application of a relevant law as provided by subsection (4) – (a) a reference in that law to an indictable offence is taken to include a reference to an offence that may be prosecuted on indictment; and (b) in order to determine the sentence that may be imposed on a person by a court pursuant to the relevant law, the person is taken to have been prosecuted and convicted on indictment in that court. (7) Subject to subsections (9) and (10) , the jurisdiction conferred on a court of a State or the Capital Territory by subsection (1) is conferred despite any limits as to locality of the jurisdiction of that court under the law of that State or of the Capital Territory. (8) Subject to subsection (9) , the jurisdiction conferred on a court of Tasmania by a law of another State or the Capital Territory corresponding to subsection (1) may be exercised despite any limits as to locality of the jurisdiction of that court under the law of Tasmania. (9) Where – (a) jurisdiction is conferred on a court of Tasmania in relation to the summary conviction of persons charged with offences against the Corporations Law of this or another jurisdiction by subsection (1) or a corresponding provision of a law of another State or of the Capital Territory; and (b) the court is satisfied that it is appropriate to do so, having regard to all the circumstances including the public interest – the court may decline to exercise that jurisdiction in relation to an offence committed in another State or the Capital Territory. (10) The jurisdiction conferred on a court of another State or the Capital Territory by subsection (1) in relation to – (a) the examination and commitment for trial on indictment; and (b) the trial and conviction on indictment –of offenders or persons charged with offences against the Corporations Law of Tasmania is conferred only in relation to – (c) offences committed outside Australia; and (d) offences committed, begun or completed within the State or Territory concerned. (11) In this section – Australia does not include the coastal sea; relevant law means a law providing that where, in proceedings before a court, a person pleads guilty to a charge for which he or she could be prosecuted on indictment, the person may be committed, to a court having jurisdiction to try offences on indictment, to be sentenced or otherwise dealt with without being tried in that last-mentioned court. 56Laws to be applied (1) Subject to this Division, the laws of Tasmania respecting – (a) the arrest and custody in Tasmania of offenders or persons charged with offences; and (b) criminal procedure in Tasmania in relation to such persons – apply in Tasmania, so far as they are applicable, to persons who are charged with offences against the Corporations Law of Tasmania or of another State or the Capital Territory in respect of whom jurisdiction is conferred on a court of Tasmania by this Division or a corresponding law of another State or the Capital Territory. (2) Subject to this Division, the laws of each other State and the Capital Territory respecting – (a) the arrest and custody in that State or Territory of offenders or persons charged with offences; and (b) criminal procedure in that State or Territory in relation to such persons – apply in that State or Territory, so far as they are applicable, to persons who are charged with offences against the Corporations Law of Tasmania in respect of whom jurisdiction is conferred on a court of that State or Territory by this Division. (3) The application of laws by subsections (1) and (2) is in addition to, and not in derogation from, the application of laws effected by Part 8 or the corresponding law of another State or the Capital Territory. (4) In this section – criminal procedure means the procedure for – (a) the summary conviction; and (b) the examination and commitment for trial and indictment; and (c) the trial and conviction on indictment; and (d) the hearing and determination of appeals arising out of any such trial or conviction or out of any related proceedings – of offenders or persons charged with offences, and includes the procedure for holding accused persons to bail; laws of each other State and the Capital Territory means the laws that apply in relation to offenders, or persons charged with offences, against the Corporations Law of the State or Territory concerned. PART 10Companies Liquidation Account57Companies Liquidation Account (1) In this section, relevant money means – (a) money that, immediately before the commencement of this section, stood to the credit of the Companies Liquidation Account established by section 428 of the Companies (Tasmania) Code ; and (b) money that, after the commencement of this section, is paid into the Companies Liquidation Account under provisions of the Companies (Tasmania) Code that are taken to continue in force after the commencement of Chapter 5 of the Corporations Law for the purposes of windings up started before the commencement of that Chapter. (2) Relevant money is to be dealt with in accordance with section 427 of the Companies (Tasmania) Code . PART 11The ASIC Law, and the ASIC Regulations, of TasmaniaDivision 1Application of ASIC Act and ASIC Regulations58Application in Tasmania of the ASC Act (1) [Section 58 Subsection (1) amended by No. 41 of 2001, s. 31, Applied:15 Jul 2001] [Section 58 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] The ASIC Act as in force immediately before its repeal, other than the excluded provisions– (a) applies as a law of Tasmania; and (b) [Section 58 Subsection (1) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] as so applying, may be referred to as the ASIC Law of Tasmania. (2) [Section 58 Subsection (2) amended by No. 74 of 1999, Sched. 1, Applied:01 Jan 2000] The excluded provisions of the ASIC Act are–