Business Names Registration Act 2011
View history note
Hide history noteASIC may, with the consent of the Minister, enter into an agreement or arrangement with a State or Territory for the performance of functions or the exercise of powers by ASIC as an agent of the State or Territory.
[ CCH Note: S 65(1) will be amended by No 69 of 2020 (as amended by No 35 of 2022), s 3 and Sch 1 items 282 and 283, by substituting " The Registrar may " for " ASIC may " and " by the Registrar " for " by ASIC " , effective 1 July 2026 or a day or days to be fixed by Proclamation. For application and transitional provisions, see note under s 23(2) .]
65(2)
ASIC has such functions and powers as are referred to it in such an agreement or arrangement. However, ASIC is not under a duty to perform such functions or exercise such powers.
[ CCH Note: S 65(2) will be amended by No 69 of 2020 (as amended by No 35 of 2022), s 3 and Sch 1 items 284 and 285, by substituting " The Registrar has " for " ASIC has " and " the Registrar is " for " ASIC is " , effective 1 July 2026 or a day or days to be fixed by Proclamation. For application and transitional provisions, see note under s 23(2) .]
65(3)
ASIC is not subject to any directions of the Minister in relation to: (a) entering into an agreement or arrangement under subsection (1) ; or (b) performing functions or exercising powers referred to in subsection (2) .
[ CCH Note: S 65(3) will be amended by No 69 of 2020 (as amended by No 35 of 2022), s 3 and Sch 1 item 286, by substituting " The Registrar " for " ASIC " , effective 1 July 2026 or a day or days to be fixed by Proclamation. For application and transitional provisions, see note under s 23(2) .]
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