(1) The Commonwealth laws apply as laws of this jurisdiction in relation to an offence against the Competition Code of this jurisdiction as if that code were a law of the Commonwealth and not a law of this jurisdiction.
(2) For a law of this jurisdiction, an offence against the Competition Code of this jurisdiction—
(a) is taken to be an offence against the laws of the Commonwealth, in the same way as if that code were a law of the Commonwealth; and
(b) is taken not to be an offence against the laws of this jurisdiction.
(3) Subsection (2) has effect for a law of this jurisdiction except as prescribed by regulation under this Act.