Corporations Amendment Regulations 1999 (No. 2) (Cth)

Corporations Amendment Regulations 1999 (No. 2)

Statutory Rules 1999No. 47

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations under the Corporations Act 1989.

Dated 17 March 1999.

WILLIAM DEANE

Governor-General

By His Excellency’s Command,

Joe hockey

Minister for Financial Services and Regulation

Corporations Amendment Regulations 1999 (No. 2)1

Statutory Rules 1999

No. 472

made under the

Corporations Act 1989

   

Contents

Page

• •
• •

1Name of regulations

 These regulations are the Corporations Amendment Regulations 1999 (No. 2).

2Commencement

 These regulations commence on gazettal.

3Amendment of Corporations Regulations 1990

Schedule 1 amends the Corporations Regulations 1990.

Schedule 1Amendments

 (regulation 3)

[1]Paragraph 7.3.02B (8) (f)

omit

 a bank

insert

 an authorised deposit-taking institution

[2]Paragraph 7.3.02B (8) (i)

omit

 trustee or management company of a prescribed interest scheme and:

insert

 responsible entity or other operator of a managed investment scheme and:

[3]Paragraph 7.3.02B (8) (j)

omit

 trustee or management company of a prescribed interest scheme that has:

insert

 responsible entity or other operator of a managed investment scheme that has:

[4]Subparagraph 7.3.02B (8) (p) (i)

omit

 lodgement of the documents mentioned in subsection 317B (2)

insert

 lodgment of the reports mentioned in subsection 319 (1)

[5]Subparagraph 7.3.02B (8) (p) (ii)

omit

section 317B of the Corporations Law

insert

 that subsection

[6]After paragraph 7.3.02B (8) (q)

insert

• (qa)

  the person is an unlisted public company that satisfies at least 2 of the following subparagraphs:

  • (i)

    the consolidated gross operating revenue for the financial year of the company and the entities it controls (if any) is $10 million or more;

  • (ii)

    the value of the consolidated gross assets at the end of the financial year of the company and the entities it controls (if any) is $5 million or more;

  • (iii)

    the company and the entities it controls (if any) have 50 or more employees at the end of the financial year; or

[7]Paragraph 7.3.02B (8) (r)

omit

 or (q).

insert

 , (q) or (qa).

[8]Subregulation 7.3.02D (1)

omit

 an investor or prospective investor,

insert

 a retail investor or prospective retail investor,

[9]Paragraph 7.3.02D (1) (b)

omit

 the investor or prospective investor needs

insert

 the retail investor or prospective retail investor needs

[10]Paragraph 7.3.02D (1) (b)

omit

 circumstances of the investor or prospective investor.

insert

 circumstances of the retail investor or prospective retail investor.

[11]Subregulation 7.3.02D (3)

insert

retail investor has the meaning given by subregulation 7.3.02B (10).

Notes

1. These regulations amend Statutory Rules 1990 No. 455, as amended by 1991 Nos. 218, 219, 281, 341, 453, 478 and 479; Act No. 200, 1991; Statutory Rules 1992 Nos. 230, 281, 364, 395 and 450; 1993 Nos. 135, 207 and 277; 1994 Nos. 35, 108, 153, 221, 251, 302 and 430; 1995 Nos. 222, 344, 345 and 398; 1996 Nos. 26, 51, 55, 90, 205, 218 and 343; 1997 Nos. 10, 81, 102 and 142; 1998 Nos. 9, 22, 109, 128, 161, 185, 186, 239 and 293; 1999 No. 38.

2. Made by the Governor-General on 17 March 1999, and notified in the Commonwealth of Australia Gazette