Companies (Acquisition of Shares) Regulations (Amendment) (Cth)

Statutory Rules 1983 No. 3181

 

Companies (Acquisition of Shares) Regulations2 (Amendment)

WHEREAS it is provided by sub-section 62 (2) of the Companies (Acquisition of Shares) Act 1980 that the powers of the Governor-General to make regulations under that Act shall be exercised only in accordance with advice that is consistent with resolutions of the Ministerial Council for Companies and Securities:

AND WHEREAS the making of the following Regulations is in accordance with advice that is consistent with those resolutions:

NOW THEREFORE I, the Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and in pursuance of section 4 of the Acts Interpretation Act 1901, hereby make the following Regulations under the Companies (Acquisition of Shares) Act 1980.

Dated 8 December 1983.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

Attorney-General

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Commencement

1. These Regulations shall come into operation on 1 January 1984.

Declared stock exchanges for the purposes of the Act

2. Regulation 4 of the Companies (Acquisition of Shares) Regulations is amended by omitting “The Hobart Stock Exchange” and substituting “The Hobart Stock Exchange Limited”.

 

S.R. 230/8.1 Cat. No. —Recommended retail price 20c 66/28.9.1983

3. The Schedule to the Companies (Acquisition of Shares) Regulations is amended by omitting the note at the end of Form 7 and substituting the following note:

“ Note: This notice is required by sub-section 43 (5) of the Companies (Acquisition of Shares) Act 1980 to be accompanied by a copy of a report made by an expert in accordance with that sub-section where terms for the acquisition arc proposed by the offeror.

Sub-section 43 (5A) states that where 2 or more reports are obtained, each of which could be used for the purposes of compliance with sub-section 43 (5), this notice is to be accompanied by a copy of each report.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 16 December 1983.

2. Statutory Rules 1981 No. 125, 1983 No. 185.

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