Untitled document

Legislation Reform (Repeals No. 5) Act 2010

No. 2 of 2010

table of provisions

Section  Page

1Purposes

2Commencement

3Repeal of Acts

4Amendment of Corporations (Ancillary Provisions) Act 2001

5Repeal of repealing Act

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SCHEDULES

SCHEDULE 1—Repeal of Acts

SCHEDULE 2—Amendment of Corporations (Ancillary Provisions) Act 2001

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Endnotes

Legislation Reform (Repeals No. 5) Act 2010

No. 2 of 2010

[Assented to 9 February 2010]

The Parliament of Victoria enacts:

1Purposes

The purposes of this Act are—

(a)to repeal a number of redundant Acts relating to companies and related matters; and

(b)to make a consequential amendment to the Corporations (Ancillary Provisions) Act 2001.

2Commencement

This Act comes into operation on the day after the day that it receives the Royal Assent.

3Repeal of Acts

The Acts listed in Schedule 1 are repealed.

4Amendment of Corporations (Ancillary Provisions) Act 2001

The Corporations (Ancillary Provisions) Act 2001 is amended as set out in Schedule 2.

5Repeal of repealing Act

This Act is repealed on the first anniversary of the day on which it receives the Royal Assent.

Note

The repeal of this Act does not affect the repeals and amendment made by it (see section 15(1) of the Interpretation of Legislation Act 1984).

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SCHEDULES

SCHEDULE 1

Repeal of Acts

Section 3

Act No.	Title of Act
1961
6839	Companies Act 1961
1975
8787	Companies Act 1975
8788	Securities Industry Act 1975
1981
9562	Securities Industry (Application of Laws) Act 1981
9563	Companies and Securities (Interpretation and Miscellaneous Provisions) (Application of Laws) Act 1981
9564	Companies (Acquisition of Shares) (Application of Laws) Act 1981
9712	Companies (Application of Laws) Act 1981
1986
56/1986	Futures Industry (Application of Laws) Act 1986

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SCHEDULE 2

Section 4

Amendment of Corporations (Ancillary Provisions) Act 2001

After section 25 of the Corporations (Ancillary Provisions) Act 2001 insert—

"26  Additional regulation making powers

(1)Without limiting section 25, the Governor in Council may make regulations for or with respect to matters of a transitional nature relating to the repeal of the Acts listed in Schedule 1 to the Legislation Reform (Repeals No. 5) Act 2010.

(2)Any provision of the regulations made under this section may be expressed to take effect from a time that is earlier than the beginning of the day on which the regulations containing the provision are made, not being a time earlier than immediately before the day on which the Legislation Reform (Repeals No. 5) Act 2010 receives the Royal Assent.

(3)To the extent to which a provision of the regulations made under this section takes effect from a time that is earlier than the beginning of the day on which the regulations containing the provision are made, the provision does not operate so as—

(a)to affect in a manner prejudicial to any person (other than the Crown or an authority of the Crown), the rights of that person existing before the date of making of those regulations; or

(b)to impose liabilities on any person (other than the Crown or an authority of the Crown) in respect of anything done or omitted to be done before the date of making of those regulations.

(4)In this section, matters of a transitional nature includes matters of an application or savings nature.".

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Endnotes

Minister's second reading speech—

Legislative Assembly: 25 November 2009

Legislative Council: 10 December 2009

The long title for the Bill for this Act was "A Bill for an Act to repeal certain redundant Acts relating to companies and related matters and to make a consequential amendment to the Corporations (Ancillary Provisions) Act 2001."