National Companies and Securities Commission Regulations (Amendment) (Cth)

Statutory Rules 1989 No. 2141

 

National Companies and Securities

Commission Regulations2 (Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, being advice that, as required by subsection 53 (4) of the National Companies and Securities Commission Act 1979,is consistent with a resolution of the Ministerial Council for Companies and Securities, hereby make the following Regulations under that Act.

Dated 16 August 1989.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

Lionel Bowen

Attorney-General

 

Commencement

1. These Regulations commence on 1 September 1989.

2. After regulation 5 of the National Companies and Securities Commission Regulations, the following regulation is inserted:

Limitation on contracts

“5a. For the purposes of paragraph 33 (a) of the Act, the higher amount of $250,000 is prescribed.”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 23 August 1989.

2. Statutory Rules 1980 No. 5 as amended by 1981 Nos. 129 and 263; 1982 Nos. 123, 168 and 366; 1986 No. 153 and 1987 No. 128.

Printed by Authority by the Commonwealth Government Printer

(S.R. 241/89 Cat. No. 14/26.7.1989