South Australian Consolidated Acts

FINANCIAL SECTOR REFORM (SOUTH AUSTRALIA) ACT 1999 - SECT 6A

6A—Administrative functions and powers conferred on relevant Commonwealth bodies

        (1)         In this section—

"administrative action" has the same meaning as it has in the Corporations (Administrative Actions) Act 2001 ;

"APRA or ASIC action" means an administrative action taken, or purportedly taken, by APRA or ASIC pursuant to a function or power conferred, or purportedly conferred, by or under this Act;

"confer" includes impose.

        (2)         The Corporations (Administrative Actions) Act 2001 applies in relation to an APRA or ASIC action as if this Act were a relevant State Act within the meaning of that Act.

        (3)         This Act does not purport to confer any duty on APRA or ASIC to perform a function, or to exercise a power, conferred, or purportedly conferred, by or under this Act if the conferral of the duty would be beyond the legislative power of the Parliament of the State.

        (4)         Subsection (3) does not limit the operation of section 22A of the Acts Interpretation Act 1915 .