Financial Institutions Amendment Regulation (No. 2) 1994 (Qld)

Queensland Subordinate Legislation 1994 No. 444 Financial Institutions (Queensland) Act 1992 FINANCIAL INSTITUTIONS AMENDMENT REGULATION (No. 2) 1994 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Omission of s 4 (Application of Corporations Law—s 65) . . . . . . . . . . . . . . 2 5 Omission of s 15 (Disclosure statement—s 203(1)) . . . . . . . . . . . . . . . . . . . 2 6 Replacement of s 16 (Documents acknowledging deposits or loans pursuant to offer to the public etc.—s 209) . . . . . . . . . . . . . . . . . . . . . 2 16 Non-application of requirement for acknowledging deposit or loan received after public offer or invitation—s 209(2)(b) . . . . . 2 7 Insertion of new s 22A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 22A Keeping information in instruments up-to-date—s 263B(5) . . . . . . . 3 8 Omission of s 39 (Applied provisions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

s1 2 s6 Financial Institutions Amendment (No. 2) No. 444, 1994 ˙ Short title 1. This regulation may be cited as the Financial Institutions Amendment Regulation (No. 2) 1994 . ˙ Commencement 2. This regulation commences on the day section 3 of the FinancialInstitutions Legislation Amendment Act (No. 2) 1994 commences. ˙ Regulation amended 3. This regulation amends the Financial Institutions Regulations 1992 . ˙ Omission of s 4 (Application of Corporations Law—s 65) 4. Section 4— omit. ˙ Omission of s 15 (Disclosure statement—s 203(1)) 5. Section 15— omit. ˙ Replacement of s 16 (Documents acknowledging deposits or loans pursuant to offer to the public etc.—s 209) 6. Section 16— omit, insert— ˙ ‘ Non-application of requirement for acknowledging deposit or loan received after public offer or invitation—s 209(2)(b) ‘ 16. Section 209(1) of the Code does not apply for matters in relation to which, under section 1083A of the Corporations Law, Part 7.12 (other than section 1083A) of the Corporations Law does not apply.’.

s7 3 s8 Financial Institutions Amendment (No. 2) No. 444, 1994 ˙ Insertion of new s 22A 7. After section 22— insert— ˙ ‘ Keeping information in instruments up-to-date—s 263B(5) ‘ 22A.(1) In this section— “instrument” means an instrument mentioned in section 263B(5) of the Code, if the instrument is— (a) an index of— (i) the members of a society; or (ii) the holders of permanent shares of a society; or (b) the written form of a register or part of a register setting out— (i) the members of a society; or (ii) the holders of permanent shares in a building society; or (iii) the holders of options granted to persons to take up permanent shares in a building society; or (iv) the debentures issued by a society in respect of loans raised by the society, and the holders of the debentures; or (v) prescribed interests issued by a society. ‘ (2) An instrument must not be out-of-date by more than 20 business days. ‘ (3) However, if a person notifies a society that the person wishes to inspect an instrument, and nominates a day (the “nominated day” ) for the inspection, the instrument must not, on the nominated day, be out-of-date by more than 5 business days. ‘ (4) The nominated day must not be earlier than the first business day after the society receives notice under subsection (3).’. ˙ Omission of s 39 (Applied provisions) 8. Section 39— omit.

4 Financial Institutions Amendment (No. 2) No. 444, 1994 ENDNOTES 1. Made by the Governor in Council on 15 December 1994. 2. Notified in the Gazette on 16 December 1994. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 1994