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

6   At the end of section 4

Add:

(2) Without limiting paragraph (1)(c), if an external Territory is prescribed, regulations prescribing the external Territory may provide:

(a) that only some of the provisions of this Act apply in the external Territory; and

(b) that provisions that apply in the external Territory only apply in specified circumstances.

(3) If:

(a) an external Territory is prescribed; and

(b) in a provision of this Act that applies (either generally or in particular circumstances) in the external Territory, there is:

(i) a reference to “Australia” or “this jurisdiction”; or

(ii) a reference to a term the definition of which includes a reference to “Australia” or “this jurisdiction”;

then, unless a contrary intention appears, the reference to “Australia” or “this jurisdiction” in that provision as so applying, or in that definition as applying for the purposes of that provision as so applying, includes a reference to that external Territory.