Securities Industry (Application of Laws) Amendment Act 1986 (NSW)

SECURITIES INDUSTRY (APPLICATION OF LAWS)

AMENDMENT ACT 1986 No. 68

NEW SOUTH WALES

TABLE OF PROVISIONS

1. Short title

2.     Amendment of Act No. 61, 1981

SCHEDULE 1—AMENDMENTS TO THE SECURITIES INDUSTRY

(APPLICATION OF LAWS) ACT 1981

SECURITIES INDUSTRY (APPLICATION OF LAWS) AMENDMENT

ACT 1986 No. 68

NEW SOUTH WALES

Act No. 68, 1986

An Act to amend Section 1 5A of the Securities Industry (Application of Laws) Act 1981 for the purpose of providing for the exemption of certain rights or interests from the definition of the expression "prescribed interest". [Assented to, 21 May 1986]

2   Act No. 68

Securities Industry (Application of Laws) Amendment 1986

BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows:

Short title

1. This Act may be cited as the "Securities Industry (Application of

Laws) Amendment Act 1986".

Amendment of Act No. 61, 1981

2. The Securities Industry (Application of Laws) Act 1981 is amended

in the manner set forth in Schedule 1.

SCHEDULE 1

(Sec. 2)

AMENDMENTS TO THE SECURITIES INDUSTRY (APPLICATION

OF LAWS) ACT 1981

Section 1 5A (Exemptions from "prescribed interest" )—

(1) Section 15A (1)—

Omit "paragraph (g) of".

(2) Section 15A (1)—

Omit "paragraph" where secondly occurring, insert instead

"definition".