(1) This Part does not apply in relation to a legislative instrument if the enabling legislation for the instrument (not being the Corporations Act 2001 ):
(a) facilitates the establishment or operation of an intergovernmental body or scheme involving the Commonwealth and one or more States or Territories; and
(b) authorises the instrument to be made by the body or for the purposes of the body or scheme.
(2) This Part does not apply in relation to a legislative instrument if:
(a) an Act provides, or has the effect, that this Part does not apply in relation to the instrument; or
(b) the legislative instrument is prescribed by regulation for the purposes of this paragraph; or
(c) the legislative instrument is a regulation made for the purposes of:
(i) paragraph 8(6)(b) (which covers instruments that are not legislative instruments); or
(ii) paragraph 10(1)(c) (which covers instruments that are legislative instruments); or
(iii) paragraph 11(2)(b) (which covers instruments that are notifiable instruments); or
(iv) paragraph 44(2)(b) (which covers instruments that are not subject to disallowance); or
(v) paragraph (b) of this subsection.
(3) Prescribing a kind of instrument by regulation for the purposes of paragraph (2)(b) does not imply that every instrument of that kind is a legislative instrument.