HIH Royal Commission (Transfer of Records) Act 2003 (Cth)

HIH Royal Commission (Transfer of Records) Act 2003

No. 61, 2003

An Act to provide for the transfer of custody of certain records of the HIH Royal Commission to the Australian Securities and Investments Commission, and for related purposes

Contents 1 Short title 2 Commencement 3 Definitions 4 ASIC entitled to custody of certain original records of the HIH Royal Commission 5 ASIC to be provided with electronic copies of certain records of the HIH Royal Commission 6 Regulations may provide for ASIC's access to other records of the HIH Royal Commission 7 Status of the transferred records 8 Section 6DD of the Royal Commissions Act 1902 continues to apply to the transferred records 9 No loss of legal professional privilege 10 Regulations

HIH Royal Commission (Transfer of Records) Act 2003

No. 61, 2003

An Act to provide for the transfer of custody of certain records of the HIH Royal Commission to the Australian Securities and Investments Commission, and for related purposes

[Assented to 30 June 2003]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the HIH Royal Commission (Transfer of Records) Act 2003.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Definitions

In this Act:

ASIC means the Australian Securities and Investments Commission.

HIH Royal Commission means the Royal Commission that was commissioned, by Letters Patent dated 29 August 2001, to inquire into certain matters relating to the failure of HIH Insurance Group.

record has the same meaning as in the Archives Act 1983.

transferred record means: (a) a record that ASIC has custody of: (i) under subsection 4(1); or (ii) under regulations made for the purposes of section 6; or (b) an electronic copy of a document or thing provided or made available to ASIC: (i) under section 5; or (ii) under regulations made for the purposes of section 6.