Corporations Regulations (Amendment) (Cth)

Statutory Rules 1998No. 9 1

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Corporations Regulations2 (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 4 February 1998.

 WILLIAM DEANE

 Governor-General

By His Excellency’s Command,

IAN CAMPBELL

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 8.1.01 (Exemption from Parts 8.3, 8.4 and 8.5 of the Corporations Law)

2.1   Omit the regulation, substitute:

Exemption from Parts 8.3, 8.4 and 8.5 of the Corporations Law

 “8.1.01. Parts 8.3, 8.4 and 8.5 of the Corporations Law do not have effect in relation to a service as a futures adviser or futures broker that is provided:

• (a)

  by a body to another body that:

  • (i)

    owns or controls the first-mentioned body; and

  • (ii)

    conducts an exempt futures market; or

• (b)

  by CSR Limited to the Crown in the right of Queensland, to the Queensland Sugar Board or to another public authority of Queensland in connection with the sugar industry; or

• (c)

  by Snowy Hydro Trading Pty Ltd to the Commonwealth, to Pacific Power or to the State Electricity Commission of Victoria in connection with an exempt futures market conducted in Australia in relation to the wholesale price of electricity.”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 11 February 1998.

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, 205, 218 and 343; 1997 Nos. 10, 81, 102 and 142.