Corporations and Financial Sector Legislation Amendment Act 2013 (59 of 2013)

Schedule 1  

Part 3   International business regulators

Mutual Assistance in Business Regulation Act 1992

24   Subsection 3(1)

Insert:

international business regulator means a body that satisfies the following conditions:

(a) the body has functions relating to the regulation, in 2 or more countries, of business, or persons engaged in business;

(b) those functions are conferred on the body by:

(i) a law or laws in force in those countries; or

(ii) a treaty, or other international agreement, to which those countries are parties; or

(iii) without limiting subparagraphs (i) and (ii) - a parliament or other body established by or under a treaty, or other international agreement, to which those countries are parties.