Financial Services Reform Act 2001 (122 of 2001)

Schedule 1   Financial Services and Markets

Part 2   Consequential amendments

Australian Securities and Investments Commission Act 2001

14A   Subsection 5(1) (definition of Territory)

Repeal the definition, substitute:

Territory has the meaning given by the following paragraphs:

(a) a reference in a provision of this Act to a Territory covers the Capital Territory and the Northern Territory;

(b) if the reference is in a provision of this Act that applies (either generally or in particular circumstances) to a particular external Territory - the reference also covers that external Territory, but only to the extent that the provision applies in that external Territory;

(c) if the reference is to a Territory in a geographical sense - the reference also covers, for each Territory that the reference covers because of paragraph (a) or (b), to the same extent that the reference covers the Territory, that Territory’s coastal sea.