Act not to apply in relation to State banking or insurance within that State
Where, but for this section, a provision of this Act:
(a) would have a particular application; and
(b) by virtue of having that application, would be a law with respect to, or with respect to matters including:
(i) State banking not extending beyond the limits of the State concerned; or
(ii) State insurance not extending beyond the limits of the State concerned;
the provision is not to have that application.