Companies Regulations (Amendment) (Cth)

v

Statutory Rules 1987 No. 1721

 

Companies Regulations2 (Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, being advice that, as required by subsection 577 (2) of the Companies Act 1981,is consistent with resolutions of the Ministerial Council for Companies and Securities, hereby make the following Regulations under that Act.

Dated 27 august 1987.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

Michael Duffy

Minister of State for Trade Negotiations acting

for and on behalf of the Attorney-General

 

Commencement

1. These Regulations shall come into operation on 1 September 1987.

2. After regulation 14 of the Companies Regulations the following regulation is inserted:

Prescribed interests: exemption of franchise rights or interests

“14a. For the purposes of the definition of ‘prescribed interest’ in subsection 5 (1) of the Act, any right to participate, or any interest, as franchisee in a franchise is declared to be an exempt right or interest for the purposes of Division 6 of Part IV of the Act.”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 31 August 1987.

2. Statutory Rules 1982 No. 120 as amended by 1982 No. 121; 1983 Nos. 214, 215 and 316; 1984 No. 246; 1985 No. 228; 1986 Nos. 33, 136, 152, 247 and 376.

 

Printed by Authority by the Commonwealth Government Printer

(S.R. 204/87)—Cat. No. 30/28.7.1987