Commonwealth Consolidated Acts Commonwealth Consolidated ActsEntities prescribed by the regulations are designated for the purposes of paragraph 2 of Article 1 of the Model Law (as it has the force of law in Australia).
Note 1: The effect of prescribing an entity is that the Model Law does not apply to it.
Note 2: The regulations may prescribe the entity by reference to a
class. See subsection 13(3) of the Legislation Act 2003 .