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Brief
This document outlines the preliminary matters and key terms of the Structured Finance Support (Coronavirus Economic Response) Act 2020. It sets out the short title, commencement, objects, and simplified outline of the Act, as well as defines key terms such as "Account", "eligible delegate", and "Finance Minister". The document also establishes the Crown's liability and extends the Act's coverage to external Territories and extra-territorial application. Additionally, Section 12 of the Act provides details on the implied power of the Parliament to make laws related to nationhood, executive power of the Commonwealth, trade or commerce, and banking.
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