(1) This part operates to apply a provision of the Corporations legislation, or of an Act, regulation or other instrument forming part of the Corporations legislation, as a territory law subject to the following modifications:
(a) any modifications specified by or under the declaratory provision;
Note The Co-operatives National Law (ACT) , s 15 also modifies the applied provisions, including modifying references to ASIC and the gazette.
(b) a reference to the Minister is a reference to the Minister administering the declaratory provision;
(c) a reference to this jurisdiction is a reference to the ACT;
(d) any other modifications that are necessary or prescribed by regulation, whether generally or in relation to a particular applied Corporations law.
(2) Any power to make regulations under an Act containing a declaratory provision extends to the making of regulations specifying modifications for the purposes of this part.
(3) Except as provided by subsection (1), definitions and other interpretation provisions of the Corporations legislation, or of the Act, regulations or other instrument forming part of the Corporations legislation, relevant to the applied Corporations law are taken also to apply to the matter that is the subject of the declaratory provision.
(4) This section has effect subject to the following sections:
(a) section 27 (Conferral of functions on ASIC);
(b) section 28 (Conferral of functions on ACT courts);
(c) section 29 (Implied application of regulations and other provisions of Corporations legislation);
(d) section 30 (Proceedings for offences).