Companies Regulations (Amendment) (Cth)

Statutory Rules 1982 No. 1211

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Companies Regulations2 (Amendment)

WHEREAS it is provided by sub-section 577 (2) of the Companies Act 1981 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 established by the Agreement made on 22 December 1978 between the Commonwealth and the States as amended by the Agreement made on 24 February 1981:

AND WHEREAS the making of the following Regulation 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 Regulation under the Companies Act 1981.

Dated 4 June 1982.

Governor-General

By His Excellency’s Command,

Attorney-General

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Regulation 57 of the Companies Regulations is repealed and the following regulation substituted:

Requirements relevant to accounts and group accounts

“57. (1) Subject to sub-regulation (2), the prescribed requirements for the purposes of sub-section 269 (8) of the Act are set out in Schedule 7.

“(2) In relation to accounts or group accounts made out in relation to a financial year that began before the commencement of the Act, the prescribed requirements for the purposes of sub-section 269 (8) of the Act are—

(a) those set out in the Ninth Schedule to the Companies Ordinance 1962 as in force immediately before that commencement; or

(b) those set out in Schedule 7.”.

 

S.R. No. 119/82 Cat. No.  Recommended retail price 20c   16/10.5.1982

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 16 June 1982.

2. Statutory Rules 1982 No. 120

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