EXPLANATORY STATEMENT
Statutory Rules 1990 No. 458
Issued by the Authority of the Judges of the Supreme Court of the Australian Capital Territory.
AMENDMENT OF THE RULES OF THE SUPREME COURT OF THE AUSTRALIAN CAPITAL TERRITORY.
These amendments become necessary as a result of the Corporations Law and the ASC Law as defined in Order 75B sub-rule 2(1).
These Rules are modelled on the Corporations Rules of the Federal Court of Australia (Statutory Rules 1990 No. 453) far as those rules are capable of application and with such adaptations as are necessary to conform with the differences between governing legislation of the respective courts.
The new Order 75B will regulate the procedure and practice of the Court in the exercise of its jurisdiction under the Corporations Law and the ASC Law. Consequential amendments have been made to other Orders where necessary. Pursuant to Sub-section 76(1) of the Corporations Legislation Amendment Act 1990, the existing Order 75A will continue to apply to proceedings instituted under the Companies Act 1981.