Territories Legislation Amendment Act 2020 (154 of 2020)

Schedule 2   Amendments of Treasury Acts

Part 1   Acts administered by ASIC

Division 1   Acts administered by ASIC: amendments

Corporations Act 2001

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).