Title Schedule 2—Amendments of Treasury Acts
Database Bills & Legislation
Long Title a Bill for an Act to amend the law relating to Territories, and for related purposes
Date 07-10-2020 09:32 AM
Source House of Reps
Parl No. 46
Bill Number 122/20
Bill Type Government
Portfolio Infrastructure, Transport, Regional Development and Communications
Reps Bill Code O
Status Act
System Id legislation/bills/r6601_first-reps/0002


Schedule 2—Amendments of Treasury Acts

Schedule 2—Amendments of Treasury Acts

Part 1—Acts administered by ASIC

Division 1—Acts administered by ASIC: amendments

ASIC Supervisory Cost Recovery Levy Act 2017

1  Section 3

Omit “, of the Northern Territory and of Norfolk Island”, substitute “and of the Northern Territory”.

ASIC Supervisory Cost Recovery Levy (Collection) Act 2017

2  Subsection 4(1)

Omit “, of the Northern Territory and of Norfolk Island”, substitute “and of the Northern Territory”.

Australian Securities and Investments Commission Act 2001

3  Subsections 4(1A) and (1B)

Repeal the subsections.

4  Subsection 4(3)

Repeal the subsection, substitute:

             (3)  If an external Territory is prescribed for the purposes of paragraph (1)(c), in a provision of this Act that applies (either generally or in particular circumstances) in the external Territory, a reference to a term covered by subsection (4) includes a reference to that external Territory (including its coastal sea).

             (4)  For the purposes of subsection (3), the following terms are covered:

                     (a)  “Australia”;

                     (b)  “Commonwealth”;

                     (c)  “Territory”;

                     (d)  “this jurisdiction”;

                     (e)  a term the definition of which includes a term mentioned in paragraphs (a) to (d).

5  Subsection 5(1) (definition of Australia)

Repeal the definition, substitute:

Australia means the Commonwealth of Australia and, when used in a geographical sense, includes each Territory.

Note 1:       The Australian Capital Territory, the Jervis Bay Territory, the Northern Territory, Norfolk Island and the Territories of Christmas Island and of Cocos (Keeling) Islands are covered by the definition of Territory in this subsection.

Note 2:       The meaning of Australia is affected by subsection 4(3) (when used in a provision applying in an external Territory).

6  Subsection 5(1)

Insert:

Commonwealth means the Commonwealth of Australia and, when used in a geographical sense, includes each Territory.

Note:          The Australian Capital Territory, the Jervis Bay Territory, the Northern Territory, Norfolk Island and the Territories of Christmas Island and of Cocos (Keeling) Islands are covered by the definition of Territory in this subsection.

external Territory:

                     (a)  means a Territory referred to in section 122 of the Constitution, where an Act makes provision for the government of the Territory as a Territory; but

                     (b)  does not include a Territory covered by the definition of Territory in this subsection.

Note:          The Australian Capital Territory, the Jervis Bay Territory, the Northern Territory, Norfolk Island and the Territories of Christmas Island and of Cocos (Keeling) Islands are covered by the definition of Territory in this subsection.

7  Subsection 5(1) (definition of Territory)

Repeal the definition, substitute:

Territory:

                     (a)  means the following:

                              (i)  the Australian Capital Territory;

                             (ii)  the Jervis Bay Territory;

                            (iii)  the Northern Territory;

                            (iv)  Norfolk Island;

                             (v)  the Territory of Christmas Island;

                            (vi)  the Territory of Cocos (Keeling) Islands; and

                     (b)  when used in a geographical sense——includes the Territory’s coastal sea (if any).

Note 1:       The term external Territory is defined in this subsection to be any Territory, other than a Territory covered by this definition, that is referred to in section 122 of the Constitution, where an Act makes provision for the government of the Territory as a Territory.

Note 2:       The meaning of Territory is affected by subsection 4(3) (when used in a provision applying in an external Territory).

8  Subsection 5(1) (definition of this jurisdiction)

Repeal the definition, substitute:

this jurisdiction means:

                     (a)  each referring State (including, when used in a geographical sense, its coastal sea); and

                     (b)  each Territory.

Note 1:       Territory, when used in a geographical sense, includes the Territory’s coastal sea, but the term does not include an external Territory. See the definitions of Territory and external Territory in this subsection.

Note 2:       The meaning of this jurisdiction is affected by subsection 4(3) (when used in a provision applying in an external Territory).

9  Subsection 12GNA(1)

Omit “, the Australian Capital Territory or the Northern Territory”, substitute “or Territory”.

10  Paragraph 95(1)(a)

Repeal the paragraph, substitute:

                     (a)  must establish a regional office in each referring State, the Australian Capital Territory and the Northern Territory; and

11  Subsection 127(2)

Omit “internal”.

Corporations Act 2001

12  Subsection 3(2)

Omit “in the Northern Territory and the Capital Territory”, substitute “in the Territories”.

13  Subsection 3(2)

Omit “those territories”, substitute “those Territories”.

14  Paragraph 3(3)(c)

Omit “those Territories”, substitute “the external Territories”.

15  Paragraphs 5(1)(b) and (c)

Repeal the paragraphs, substitute:

                     (b)  each Territory (including its coastal sea, if any); and

16  Subsection 5A(2)

Omit “of the Capital Territory, of the Northern Territory and of Norfolk Island”, substitute “of the Australian Capital Territory and of the Northern Territory”.

17  Paragraph 5A(3)(b)

Omit “of the Capital Territory, of the Northern Territory or of Norfolk Island”, substitute “of the Australian Capital Territory or of the Northern Territory”.

18  Section 9 (definition of Australia)

Repeal the definition (including the note), substitute:

Australia means the Commonwealth of Australia and, when used in a geographical sense, includes each Territory.

Note:          The Australian Capital Territory, the Jervis Bay Territory, the Northern Territory, Norfolk Island and the Territories of Christmas Island and of Cocos (Keeling) Islands are covered by the definition of Territory in this section.

19  Section 9 (definition of Capital Territory)

Repeal the definition.

20  Section 9

Insert:

Commonwealth means the Commonwealth of Australia and, when used in a geographical sense, includes each Territory.

Note:          The Australian Capital Territory, the Jervis Bay Territory, the Northern Territory, Norfolk Island and the Territories of Christmas Island and of Cocos (Keeling) Islands are covered by the definition of Territory in this section.

21  Section 9 (paragraph (c) of the definition of Corporations legislation)

Omit “Capital Territory”, substitute “Australian Capital Territory”.

22  Section 9 (paragraph (d) of the definition of Corporations legislation)

After “Northern Territory”, insert “or of Norfolk Island,”.

23  Section 9

Insert:

external Territory:

                     (a)  means a Territory referred to in section 122 of the Constitution, where an Act makes provision for the government of the Territory as a Territory; but

                     (b)  does not include a Territory covered by the definition of Territory in this section.

Note:          The Australian Capital Territory, the Jervis Bay Territory, the Northern Territory, Norfolk Island and the Territories of Christmas Island and of Cocos (Keeling) Islands are covered by the definition of Territory in this section.

24  Section 9 (paragraph (a) of the definition of insolvent under administration)

Omit “or the law of an external Territory”.

25  Section 9 (paragraph (b) of the definition of insolvent under administration)

Omit “the law of an external Territory or”.

26  Section 9 (subparagraphs (c)(ii), (d)(ii) and (e)(ii) of the definition of insolvent under administration)

Omit “the law of an external Territory or”.

27  Section 9 (definition of national newspaper)

Repeal the definition, substitute:

national newspaper: see subsection 254Q(4A).

28  Section 9 (paragraph (b) of the definition of rules)

Omit “the Supreme Court of a State or internal Territory”, substitute “a State or Territory Supreme Court”.

29  Section 9 (definition of State or Territory court)

Repeal the definition, substitute:

State or Territory court means:

                     (a)  a court of a State, the Australian Capital Territory or the Northern Territory; or

                     (b)  the Supreme Court of Norfolk Island.

30  Section 9 (definition of State or Territory Supreme Court)

Repeal the definition, substitute:

State or Territory Supreme Court means any of the following:

                     (a)  the Supreme Court of a State;

                     (b)  the Supreme Court of the Australian Capital Territory;

                     (c)  the Supreme Court of the Northern Territory;

                     (d)  the Supreme Court of Norfolk Island.

31  Section 9 (definition of Territory)

Repeal the definition, substitute:

Territory:

                     (a)  means the following:

                              (i)  the Australian Capital Territory;

                             (ii)  the Jervis Bay Territory;

                            (iii)  the Northern Territory;

                            (iv)  Norfolk Island;

                             (v)  the Territory of Christmas Island;

                            (vi)  the Territory of Cocos (Keeling) Islands; and

                     (b)  when used in a geographical sense—includes the Territory’s coastal sea (if any).

Note:          The term external Territory is defined in this subsection to be any Territory, other than a Territory covered by this definition, that is referred to in section 122 of the Constitution, where an Act makes provision for the government of the Territory as a Territory.

32  Section 9 (paragraphs (b) and (c) of the definition of this jurisdiction)

Repeal the paragraphs, substitute:

                     (b)  each Territory (including its coastal sea, if any); and

33  Subsection 254Q(3)

Omit “daily newspaper circulating generally throughout Australia”, substitute “national newspaper”.

34  Subsection 254Q(4)

Omit “daily newspaper circulating generally in Australia”, substitute “national newspaper”.

35  After subsection 254Q(4)

Insert:

          (4A)  A national newspaper is a daily newspaper that circulates generally, either in printed form or online, in Australia.

Note:          For daily newspaper, see section 9.

36  Section 527

Omit “Capital Territory”, substitute “Australian Capital Territory”.

37  Subparagraph 581(2)(a)(i)

Repeal the subparagraph.

38  Subsections 581(3) and (4)

Omit “an external Territory, or of a country other than Australia,”, substitute “a country other than Australia”.

39  Paragraphs 900A(1)(b) and (c)

Repeal the paragraphs, substitute:

                     (b)  a Territory; or

                     (c)  an external Territory, or another place outside Australia.

40  Paragraph 916G(7)(a)

Omit “an external Territory or of a country outside Australia and the external Territories”, substitute “a country outside Australia”.

41  Subsection 1044B(1)

Omit “, the Australian Capital Territory or the Northern Territory”, substitute “or Territory”.

42  Subsections 1337B(2) and (3)

Repeal the subsections, substitute:

             (2)  Subject to section 9 of the Administrative Decisions (Judicial Review) Act 1977, jurisdiction is conferred on each State or Territory Supreme Court with respect to civil matters arising under the Corporations legislation.

             (3)  Despite section 9 of the Administrative Decisions (Judicial Review) Act 1977, jurisdiction is conferred on each State or Territory Supreme Court with respect to matters arising under that Act involving or related to decisions made, or proposed or required to be made, under the Corporations legislation by a Commonwealth authority or an officer of the Commonwealth.

Note 1:       The Federal Court also has jurisdiction with respect to these matters under that Act.

Note 2:       A State or Territory Supreme Court may be required to transfer a proceeding with respect to such a matter to the Federal Court: see subsection 1337H(3).

43  Paragraph 1337D(5)(b)

Omit “the Supreme Court of a State, the Capital Territory or the Northern Territory”, substitute “a State or Territory Supreme Court”.

44  Subsection 1337E(1)

Repeal the subsection, substitute:

             (1)  Subject to section 9 of the Administrative Decisions (Judicial Review) Act 1977, jurisdiction is conferred on each State or Territory court that is a lower court with respect to civil matters (other than superior court matters) arising under the Corporations legislation.

45  Subsection 1337F(2)

Omit all the words before paragraph (b), substitute:

             (2)  An appeal may not be instituted from a decision of a court of the Australian Capital Territory or from the Supreme Court of Norfolk Island to:

                     (a)  a court of a State or a court of another Territory; or

46  Paragraph 1337P(1)(a)

Omit “or in an external Territory”.

47  Subsection 1337P(3) (paragraph (b) of the definition of relevant jurisdiction)

Omit “court of a State, the Capital Territory or the Northern Territory”, substitute “court of a State or Territory”.

48  Subsections 1337T(1) and (2)

Before “Capital Territory”, insert “Australian”.

49  Subsection 1338B(1)

Omit “the several courts of each State, the Capital Territory and the Northern Territory”, substitute “a court of a State or Territory”.

50  Paragraph 1338B(1)(a)

Omit “the laws of the State, the Capital Territory or the Northern Territory”, substitute “the laws of the State or Territory concerned”.

51  Subsection 1338B(1)

Omit “have the equivalent jurisdiction”, substitute “has the equivalent jurisdiction”.

52  Subsection 1338B(3)

Omit “a State, the Capital Territory or the Northern Territory”, substitute “the State or Territory concerned”.

53  Paragraph 1338B(3)(a)

Omit “a relevant law”, substitute “the relevant law”.

54  Subsection 1338B(8)

Omit “court of a State, the Capital Territory or the Northern Territory”, substitute “State or Territory court”.

55  Subsection 1338C(1)

Omit “, the Capital Territory or the Northern Territory”, substitute “or Territory”.

National Consumer Credit Protection Act 2009

56  Subsection 5(1) (definition of Australia)

Repeal the definition (including the note).

57  Subsection 5(1) (definition of Territory)

Repeal the definition, substitute:

Territory:

                     (a)  means the following:

                              (i)  the Australian Capital Territory;

                             (ii)  the Jervis Bay Territory;

                            (iii)  the Northern Territory;

                            (iv)  Norfolk Island;

                             (v)  the Territory of Christmas Island;

                            (vi)  the Territory of Cocos (Keeling) Islands; and

                     (b)  when used in a geographical sense—includes the Territory’s coastal sea (if any).

58  Paragraph 73(10)(a)

Omit “an external Territory or of a country outside Australia and the external Territories”, substitute “a country outside Australia”.

59  Subsection 187(1) (table item 3)

Repeal the item, substitute:

3

A superior court of a State or Territory

 

The court’s general jurisdictional limits, including limits as to locality and subject matter.

4

A lower court of a State, or of a Territory other than Norfolk Island

The court’s general jurisdictional limits, including limits as to locality and subject matter.

60  Section 189 (at the end of the table)

Add:

6

The Supreme Court of Norfolk Island

 

(a) the Federal Circuit Court;

(b) a court of a State;

(c) a court of another Territory.

61  After subsection 204(2)

Insert:

          (2A)  However, this section does not apply in relation to the jurisdiction of a lower court of Norfolk Island.

62  Subsection 204(1) of the National Credit Code

Repeal the following definitions:

                     (a)  definition of Australia;

                     (b)  definition of Commonwealth.

63  Subsection 204(1) of the National Credit Code

Insert:

Territory:

                     (a)  means the following:

                              (i)  the Australian Capital Territory;

                             (ii)  the Jervis Bay Territory;

                            (iii)  the Northern Territory;

                            (iv)  Norfolk Island;

                             (v)  the Territory of Christmas Island;

                            (vi)  the Territory of Cocos (Keeling) Islands; and

                     (b)  when used in a geographical sense——includes the Territory’s coastal sea (if any).

Division 2—Acts administered by ASIC: application, saving and transitional provisions

Australian Securities and Investments Commission Act 2001

64  In the appropriate position

Insert:

Part 35—Transitional provisions relating to the Territories Legislation Amendment Act 2020

  

334  Transitional rules

             (1)  ASIC may, by legislative instrument, make rules prescribing matters of a transitional nature (including prescribing any saving or application provisions) relating to the amendments of this Act made by Division 1 of Part 1 of Schedule 2 to the Territories Legislation Amendment Act 2020.

             (2)  To avoid doubt, the rules may not do the following:

                     (a)  create an offence or civil penalty;

                     (b)  provide powers of:

                              (i)  arrest or detention; or

                             (ii)  entry, search or seizure;

                     (c)  impose a tax;

                     (d)  set an amount to be appropriated from the Consolidated Revenue Fund under an appropriation in this Act;

                     (e)  directly amend the text of this Act.

335  Repeal of this Part

                   This Part is repealed at the end of the first Monday after the period of 12 months beginning on the day Division 1 of Part 1 of Schedule 2 to the Territories Legislation Amendment Act 2020 commences.

Corporations Act 2001

65  In the appropriate position in Chapter 10

Insert:

Part 10.51—Transitional provisions relating to the Territories Legislation Amendment Act 2020

  

1678  Definitions

                   In this Part:

amending Act means the Territories Legislation Amendment Act 2020.

commencement means the commencement of Division 1 of Part 1 of Schedule 2 to the amending Act.

commencement day means the day on which commencement occurs.

eligible: a corporation is eligible for registration as a company under Part 5B.1 of this Act if:

                     (a)  it is a registered company under the Norfolk Island Companies Act, other than a foreign company registered under Part 25 of that Act; and

                     (b)  the corporation is not a Chapter 5 body corporate; and

                     (c)  no application to wind up the corporation has been made to the Supreme Court of Norfolk Island that has not been dealt with; and

                     (d)  no application to approve a compromise or arrangement between the corporation and another person has been made to the Supreme Court of Norfolk Island that has not been dealt with.

Norfolk Island Companies Act means the Companies Act 1985 of Norfolk Island.

personal information has the same meaning as in the Privacy Act 1988.

1678A  Registration of Norfolk Island companies—general

Scope of section

             (1)  This section applies to a corporation that is eligible for registration as a company under Part 5B.1.

Registration

             (2)  ASIC must register the corporation as a company under Part 5B.1 on the commencement day, as if it had received an application for registration from the corporation in accordance with section 601BC.

             (3)  ASIC must register the corporation:

                     (a)  as a type of company corresponding to whichever of the types covered by subsection (4) corresponds to its type under the Norfolk Island Companies Act immediately before commencement; and

                     (b)  with the same characteristics and attributes as the corporation had immediately before commencement.

Note:          Most eligible corporations will retain the same name, registered office, directors and members. However, for whether the corporation retains the same name and directors, see subsections 1678B(4) and (8).

             (4)  This subsection covers the following types of company:

                     (a)  a proprietary company limited by shares;

                     (b)  an unlimited proprietary company;

                     (c)  a proprietary company limited both by shares and by guarantee;

                     (d)  a public company limited by shares;

                     (e)  an unlimited public company;

                      (f)  a company limited by guarantee;

                     (g)  a public company limited both by shares and by guarantee;

                     (h)  a no liability company.

Note:          This list includes some types of company not covered by subsection 601BA(1).

             (5)  However, the corporation must not be registered if, immediately before commencement, it is no longer eligible for registration as a company under Part 5B.1.

Note:          The corporation is no longer eligible for registration if it has ceased to be registered under the Norfolk Island Companies Act, if it has started to be a Chapter 5B body corporate or if an application for winding up or to approve a compromise or arrangement had been made to the Supreme Court of Norfolk Island.

References to companies in this and other laws

             (6)  On and after commencement, in this and any other Act, and any instrument under an Act, a reference to a company registered under a Territory law, or under a law of Norfolk Island, is taken not to include a reference to a corporation registered as a company under Part 5B.1 for the purposes of this section.

1678B  Registration of Norfolk Island companies—registration process and other matters

Scope

             (1)  This section applies to an eligible corporation that is registered as a company under Part 5B.1 for the purposes of section 1678A.

             (2)  ASIC must comply with subsections (3) and (4) of this section to the extent practicable, having regard to any information disclosed under section 1678C.

Registration process

             (3)  On the registration of the company, ASIC must:

                     (a)  give the company an ACN; and

                     (b)  issue a certificate that states:

                              (i)  the company’s name (see subsection (4) of this section); and

                             (ii)  the company’s ACN; and

                            (iii)  the company’s type (see subsection 1678A(4)); and

                            (iv)  that the company is registered as a company under this Act; and

                             (v)  that the company is taken to be registered in Norfolk Island; and

                            (vi)  the date of the company’s registration.

Note:          The date of the company’s registration is the commencement day (see subsection 1678A(2)).

Company name

             (4)  Despite section 601BF, ASIC must register the company with a name consisting of:

                     (a)  either:

                              (i)  the corporation’s name immediately before commencement; or

                             (ii)  if that name is prescribed by regulations made for the purposes of paragraph 147(1)(c) as unacceptable for registration—a name that consists of the expression “Australian Company Number” followed by the company’s ACN; and

                     (b)  the words required by subsection 148(2) or (3).

             (5)  If the company is registered with a name that is identical or nearly identical to a name that is reserved or registered for another body or entity under an Act covered by subsection (6), the company’s registration with that name does not affect the availability of the name to the company or to the other body or entity under such an Act, despite any provision of such an Act to the contrary.

             (6)  The Acts covered by this subsection are:

                     (a)  this Act;

                     (b)  the Business Names Registration Act 2011;

                     (c)  the Business Names Registration (Transitional and Consequential Provisions) Act 2011.

Company constitution

             (7)  The company’s constitution on registration is the memorandum and articles of association of the corporation as in force immediately before commencement.

Note:          Section 601BG (which deals with the constitutions of companies registered under Part 5B.1) does not apply to the company. But within 3 months after the date of registration, the company must modify its constitution to give effect to Part 5B.1 (see section 601BH).

Company directors

             (8)  If, immediately before commencement, a person who is a director of the corporation does not meet the requirements of section 201B, that person does not become a director of the company on its registration.

1678C  Registration of Norfolk Island companies—provision of information

             (1)  For the purposes of ASIC performing functions or duties, or exercising powers, under this Part, or any rules made under section 1678D:

                     (a)  the Registrar of Companies under the Norfolk Island Companies Act (the Norfolk Island Registrar) may disclose to ASIC information (including personal information) obtained for the purposes of that Act; and

                     (b)  ASIC may record or use information disclosed under paragraph (a); and

                     (c)  ASIC may disclose to the Norfolk Island Registrar information (including personal information) obtained for the purposes of this Act; and

                     (d)  the Norfolk Island Registrar may record or use information disclosed under paragraph (c).

             (2)  In addition, for the purposes mentioned in subsection (1):

                     (a)  ASIC may, by written notice given to an eligible corporation, request the corporation to provide specified information (including personal information) in relation to the registration of the corporation as a company under Part 5B.1; and

                     (b)  the eligible corporation may disclose the requested information to ASIC; and

                     (c)  ASIC may record or use information disclosed under paragraph (b).

Note:          This section constitutes an authorisation for the purposes of the Privacy Act 1988 and other laws (including the common law).

1678D  Transitional rules

             (1)  ASIC may, by legislative instrument, make rules prescribing matters of a transitional nature (including prescribing any saving or application provisions) in relation to the following:

                     (a)  the amendments of this Act made by Division 1 of Part 1 of Schedule 2 to the Territories Legislation Amendment Act 2020;

                     (b)  the amendments of this and any other Act made by the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020;

                     (c)  if the Norfolk Island Companies Act is repealed—the repeal of that Act.

Note 1:       The amendments mentioned in paragraph (a) included the insertion of this Part.

Note 2:       The Norfolk Island Companies Act may be repealed by an amendment of the Norfolk Island Continued Laws Ordinance 2015.

             (2)  Without limiting subsection (1), rules under that subsection may include:

                     (a)  rules providing for the Registrar under this Act to exercise powers, or perform functions, of ASIC under this Part; and

                     (b)  rules in relation to the registration of a particular corporation or corporations under Part 5B.1.

             (3)  A rule of the kind mentioned in paragraph (2)(b) must specify a period, ending no later than the end of the day that is 2 years after the commencement day, during which it is to remain in force for the purposes of subsection 1678E(1).

             (4)  To avoid doubt, the rules may not do the following:

                     (a)  create an offence or civil penalty;

                     (b)  provide powers of:

                              (i)  arrest or detention; or

                             (ii)  entry, search or seizure;

                     (c)  impose a tax;

                     (d)  set an amount to be appropriated from the Consolidated Revenue Fund under an appropriation in this Act;

                     (e)  directly amend the text of this Act.

             (5)  This section is repealed at the end of the first Monday after the period of 12 months beginning on the commencement day.

1678E  Saving of rules in relation to particular corporations

             (1)  Despite the repeal of section 1678D by subsection (5) of that section, a rule of the kind mentioned in paragraph 1678D(2)(b) continues in force until the earlier of the following times:

                     (a)  the end of the period specified under subsection 1678D(3) for the rule;

                     (b)  when the rule is repealed under subsection (2).

Note:          Paragraph 1678D(2)(b) provides that ASIC may make rules under subsection 1678D(1) in relation to the registration of a particular corporation or corporations.

             (2)  A rule of the kind mentioned in paragraph 1678D(2)(b) may, under this subsection, be repealed before the end of the period specified under subsection 1678D(3).

1678F  Director identification numbers—Norfolk Island company directors

Scope

             (1)  This section applies if commencement (within the meaning of this Part) occurs on or after the application day within the meaning of subsection 1653(1).

             (2)  This section applies in relation to a person who:

                     (a)  is not an eligible officer immediately before commencement; and

                     (b)  becomes an eligible officer because of the registration of a company under Part 5B.1 for the purposes of section 1678A (which deals with the registration of former Norfolk Island companies).

Note:          When such a company is registered, the former directors of the Norfolk Island company generally become directors of the registered company (see subsection 1678A(3)). Such a director is an eligible officer (see section 1272B).

Transitional application period for Norfolk Island company directors to apply for director identification numbers

             (3)  If a period (the transitional application period) is specified under subsection (5) of this section, section 1272C applies to the person as if:

                     (a)  the reference in subparagraph 1272C(2)(a)(ii) to an application period specified by regulations were instead a reference to the transitional application period; and

                     (b)  the reference in subparagraph 1272C(2)(a)(ii) to the start of the application period specified by regulations were instead a reference to when the transitional application period came into effect; and

                     (c)  the reference in subparagraph 1272C(2)(a)(iii) to the start of a longer period (if any) allowed by the Registrar under section 1272E were instead a reference to when the transitional application period came into effect.

Note:          Section 1272C requires an eligible officer to have a director identification number, but allows a certain time (an application period) within which an application can be made for a director identification number.

             (4)  Until a transitional application period comes into effect, section 1272C does not apply to the person.

             (5)  The Minister may, by legislative instrument, specify a transitional application period for the purposes of subsection (3).

             (6)  Subsection 1653(4) does not apply to the person.

Note:          Subsection 1653(4) applies a default period of 28 days under section 1272C within which an application can be made for a director identification number.

National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009

66  In the appropriate position

Insert:

Schedule 18—Application and transitional provisions for the Territories Legislation Amendment Act 2020

1  Transitional rules

(1)       ASIC may, by legislative instrument, make rules prescribing matters of a transitional nature (including prescribing any saving or application provisions) relating to the amendments of the National Credit Act made by Division 1 of Part 1 of Schedule 2 to the Territories Legislation Amendment Act 2020.

(2)       To avoid doubt, the rules may not do the following:

                     (a)  create an offence or civil penalty;

                     (b)  provide powers of:

                              (i)  arrest or detention; or

                             (ii)  entry, search or seizure;

                     (c)  impose a tax;

                     (d)  set an amount to be appropriated from the Consolidated Revenue Fund under an appropriation in this Act;

                     (e)  directly amend the text of this Act or the National Credit Act.

2  Repeal of this Schedule

This Schedule is repealed at the end of the first Monday after the period of 12 months beginning on the day Division 1 of Part 1 of Schedule 2 to the Territories Legislation Amendment Act 2020 commences.

Part 2—Other Treasury Acts

Competition and Consumer Act 2010

67  Subsection 4(1) (definition of authority)

Omit “(including an external Territory),”, substitute “, and each external Territory,”.

68  Subsection 4(1) (at the end of the definition of authority)

Add:

Note:          See also the definitions of Commonwealth authority and State or Territory authority in subsection 95A(1) (which apply in relation to Part VIIA).

69  Subsection 4(1) (at the end of the definition of authority of the Commonwealth)

Add:

Note:          See also the definitions of Commonwealth authority and State or Territory authority in subsection 95A(1) (which apply in relation to Part VIIA).

70  Subsection 4(1)

Insert:

external Territory:

                     (a)  means a Territory referred to in section 122 of the Constitution, where an Act makes provision for the government of the Territory as a Territory; but

                     (b)  does not include a Territory covered by the definition of Territory in this subsection.

Note:          The Australian Capital Territory, the Jervis Bay Territory, the Northern Territory, Norfolk Island and the Territories of Christmas Island and of Cocos (Keeling) Islands are covered by the definition of Territory in this subsection.

71  Subsection 4(1) (definition of Territory)

Repeal the definition, substitute:

Territory means the following:

                     (a)  the Australian Capital Territory;

                     (b)  the Jervis Bay Territory;

                     (c)  the Northern Territory;

                     (d)  Norfolk Island;

                     (e)  the Territory of Christmas Island;

                      (f)  the Territory of Cocos (Keeling) Islands.

72  Paragraph 4N(1)(b)

Repeal the paragraph, substitute:

                     (b)  the offshore area, within the meaning of the Offshore Petroleum and Greenhouse Gas Storage Act 2006, of a State, a Territory or an external Territory.

73  Subsection 95A(1) (paragraph (b) of the definition of Commonwealth authority)

Repeal the paragraph, substitute:

                     (b)  an authority, institution or other body (other than a society, association or incorporated company) established for a public purpose by or under:

                              (i)  a law of the Commonwealth, other than the Northern Territory (Self‑Government) Act 1978 (or a law made under, or continued in force by, that Act); or

                             (ii)  another law as in force in Norfolk Island, the Territory of Christmas Island or the Territory of Cocos (Keeling) Islands; or

74  Subsection 95A(1) (definition of law of the Commonwealth)

Repeal the definition.

75  Subsection 95C(1)

Omit “(1) This”, substitute “This”.

76  Paragraph 95C(1)(e)

Omit “or Norfolk Island”.

77  Paragraphs 95C(1)(f) and (g)

Repeal the paragraphs, substitute:

                      (f)  in a Territory (other than the Northern Territory); or

                     (g)  in the course of, or in connection with, trade or commerce:

                              (i)  among the States; or

                             (ii)  between a State and a Territory; or

                            (iii)  between 2 Territories;

78  Subsection 95C(2)

Repeal the subsection.

79  Subsection 137(1)

Omit “, the Australian Capital Territory or the Northern Territory”, substitute “or Territory”.

Cross‑Border Insolvency Act 2008

80  Section 4

Repeal the section.

81  Subsection 5(1) (definition of Australia)

Repeal the definition.

82  Subsection 5(1)

Insert:

external Territory: see subsection 19(6).

83  Subsection 7(1)

Omit “(1) In”, substitute “In”.

84  Subsection 7(2)

Repeal the subsection (including the note).

85  At the end of section 19

Add:

Definition

             (6)  In this section:

external Territory does not include Norfolk Island, the Territory of Christmas Island or the Territory of the Cocos (Keeling) Islands.

Part 3—Contingent amendments

National Consumer Credit Protection Act 2009

86  Section 189 (table item 6)

Omit “the Federal Circuit Court”, substitute “Federal Circuit and Family Court of Australia (Division 2)”.