This Act does not apply to the extent that its application would be inconsistent with the exercise of rights of foreign aircraft or foreign vessels, in accordance with the United Nations Convention on the Law of the Sea, above or in any of the following:
(a) the territorial sea of Australia (including the external Territories);
(b) the exclusive economic zone of Australia (including the external Territories);
(c) waters above the continental shelf of Australia (including the external Territories).