Corporations Amendment Regulations 2006 (No. 1) (Cth)

Corporations Amendment Regulations 2006 (No. 1)¹

Select Legislative Instrument 2006 No. 41

I, PHILIP MICHAEL JEFFERY, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Corporations Act 2001.

Dated 15 February 2006

P. M. JEFFERY

Governor-General

By His Excellency’s Command

CHRIS PEARCE

Parliamentary Secretary to the Treasurer

Name of Regulations

These Regulations are the Corporations Amendment Regulations 2006 (No. 1).

Commencement

These Regulations commence on the day after they are registered.

Amendment of Corporations Regulations 2001

Schedule 1 amends the Corporations Regulations 2001.

Schedule 1 Amendment

(regulation 3)

[1] Regulation 2A.1.01

substitute

2A.1.01 Size of partnerships or associations

(1)For paragraph 115 (1) (b) of the Act, the number prescribed for a kind of partnership or association is the number specified in the following table for that kind of partnership or association:

Item

Kind of partnership or association

Number

1
(a) Actuaries, medical practitioners, patent attorneys, sharebrokers, stockbrokers or trademark attorneys

(b) Partnerships or associations of the kind specified in subregulation (2)
50

2 Architects, pharmaceutical chemists or veterinary surgeons 100

3 Legal practitioners 400

4 Accountants 1 000

Item	Kind of partnership or association	Number
1	(a) Actuaries, medical practitioners, patent attorneys, sharebrokers, stockbrokers or trademark attorneys (b) Partnerships or associations of the kind specified in subregulation (2)	50
2	Architects, pharmaceutical chemists or veterinary surgeons	100
3	Legal practitioners	400
4	Accountants	1 000

(2)For paragraph (b) of item 1 of the table in subregulation (1), the partnership or association is one that:

(a)has as its primary purpose collaborative scientific research; and

(b)includes as members:

(i)at least 1 university; and

(ii)at least 1 private sector participant;

whether or not it also includes government agencies or publicly funded research bodies.

(3)In subregulation (2):

private sector participant means an entity that obtains the majority of its revenue from sources other than Commonwealth, State or Territory appropriations.

Note

All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See