Securities Industry Regulations (Amendment) (Cth)

Statutory Rules 1987 No. 1731

 

Securities Industry 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 150 (5) of the Securities Industry Act 1980,is consistent with resolutions of the Ministerial Council for Companies and Securities, hereby make the following Regulations under that Act.

Dated 27 August 1987.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

Michael Duffy

Minister of State for Trade Negotiations acting

for and on behalf of the Attorney-General

 

Commencement

1. These Regulations shall come into operation on 1 September 1987.

2. After regulation 5 of the Securities Industry Regulations the following regulation is inserted:

Prescribed interests: exemption of franchise rights or interests

“5a. For the purposes of the definition of ‘prescribed interest’ in subsection 4 (1) of the Act, any right to participate, or any interest, as franchisee in a franchise is declared to be an exempt right or interest.”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 31 August 1987.

2. Statutory Rules 1981 No. 127 as amended by 1982 Nos. 124 and 125; 1983 Nos. 108 and 303; 1986 Nos. 35 and 148; 1987 Nos. 48 and 129.

 

Printed by Authority by the Commonwealth Government Printer

(S.R. 203/87)—Cat. No. 30/30.7.1987