For the purposes of this Act, a corresponding State - Territory law imposes a duty on the National Regulator or other officer or authority if:
(a) the corresponding State - Territory law confers a function or power on the National Regulator or other officer or authority; and
(b) the circumstances in which the function or power is conferred give rise to an obligation on the National Regulator or other officer or authority to perform the function or to exercise the power.