Securities Industry Regulations (Amendment) (Cth)

Statutory Rules 1983 No. 108

 

Securities Industry Regulations2 (Amendment)

WHEREAS it is provided by sub-section 150 (5) of the Securities Industry Act 1980 that the power of the Governor-General to make regulations under that Act shall be exercised only in accordance with advice that is consistent with resolutions of the Ministerial Council for Companies and Securities:

AND WHEREAS the making of the following Regulation is in accordance with advice that is consistent with those resolutions:

NOW THEREFORE I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Securities Industry Act 1980.

Dated 13 July 1983.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

Minister of State for Trade for and on behalf of the

Attorney-General

 

Amendment of Schedule 1

Schedule 1 to the Securities Industry Regulations is amended by omitting Form 1 and substituting the following Form:

FORM 1 Regulation 8

Securities Industry Act 1980

NOTICE RELATING TO ADMISSIBILITY IN CRIMINAL PROCEEDINGS OF INFORMATION THAT MIGHT TEND TO INCRIMINATE

Take notice that the terms of sub-sections 12 (3c) and 12 (3ca) of the Securities Industry Act 1980 inrelation to the disclosure to the Commission of information that might tend to incriminate are as follows:

“(3c) A person is not excused from disclosing information to the Commission pursuant to a requirement made of him under sub-section (3a) on the ground that the disclosure of the information might tend to incriminate him.

 

S.R.2/83—Cat No. —Recommended retail price 20c 71/11.2.1983

 

“(3ca) Where a person claims, before making an oral statement disclosing information that he is required to disclose by a requirement made of him under sub-section (3a), that the statement might tend to incriminate him, evidence of that statement is not admissible in evidence against him in criminal proceedings other than proceedings under this section.”.

Dated this.....................day of.....................19.....

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 22 July 1983.

2. Statutory Rules 1981 No. 127 as amended by 1982 Nos. 124 and 125.

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