Common use of Statutory and Regulatory Requirements Clause in Contracts

Statutory and Regulatory Requirements. 19.1 The rights and obligations of the parties under this Agreement are subject to any applicable statutory or regulatory requirements. Where the performance of an obligation or the exercise of a right is subject to a statutory or regulatory requirement: (a) the obligation must not be performed and the right cannot be enforced unless and until the requirement is discharged; (b) the parties will do anything reasonably required of them in order to discharge the requirement. 19.2 Without limitation, a reference in clause 19.1 to a: (a) “statutory requirement” – includes any requirement imposed by the Corporations Act or taxation legislation; (b) “regulatory requirement” – if the Employer is listed on the official list of ASX – includes any requirement imposed upon the Employer by the ASX Listing Rules from time to time.