Corporations Regulations (Amendment) (Cth)

Statutory Rules 1996

No. 218 1

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Corporations Regulations 2(Amendment)

I, The 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 25 September 1996.

 

 WILLIAM DEANE

 Governor-General

By His Excellency’s Command,

  

BRIAN GIBSON

Parliamentary Secretary to the Treasurer

for the Treasurer

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1.   Amendment

1.1   The Corporations Regulations are amended as set out in these Regulations.

[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.]

2. Regulation 6.2.01 (Prescribed companies under paragraph 633 (b) of the Corporations Law)

2.1   Paragraphs 6.2.01 (d) and (e):

Omit the paragraphs.

2.2   Paragraph 6.2.01 (f):

Omit the paragraph, substitute:

• “(f)

  a foreign company or recognised company in respect of which an exemption from compliance with subsection 61 (1) of the Co-operation Act 1923 of New South Wales is in force;”.

2.3   Paragraph 6.2.01 (h):

Omit the paragraph.

2.4   Paragraph 6.2.01 (l):

After “society”, insert “(other than a society that is a financial institution)”.

2.5   Paragraph 6.2.01 (m):

Omit the paragraph.

2.6   Paragraph 6.2.01 (r):

Omit the paragraph, substitute:

• “(r)

  a society (other than a society that is a financial institution) registered under the Co-operative Industrial Societies Act 1928 of Tasmania;

• (ra)

  a society registered under the Co-operative Housing Societies Act 1963 of Tasmania;”.

2.7   Paragraph 6.2.01 (u):

After “society”, insert “(other than a society that is a financial institution)”.

2.8   Paragraph 6.2.01 (x):

After “society”, insert “(other than a society that is a financial institution)”.

2.9   Paragraph 6.2.01 (y):

Omit the paragraph.

2.10   Add at the end:

• “(za)

  a financial institution.”.

3. Regulation 7.13.03 (Eligible body: subsection 1097 (1) of the Corporations Law)

3.1   Subregulation 7.13.03 (1):

Omit the subregulation, substitute:

 “7.13.03.(1)For the purposes of subparagraph (b) (ii) of the definition of ‘eligible body’ in subsection 1097 (1) of the Corporations Law, Westpac Banking Corporation is prescribed.”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 2 October 1996.

2. 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 and 205.