CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 7 - SECURITIES
PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES
Division 4 - Exemptions and modifications
SECTION 1113A
POWER OF COMMISSION TO EXTEND APPLICATION OF DIVISION 3
1113A(1)
[Declaration that Div 3 to apply to certain securities]
The Commission may, by writing, declare that Division 3, and regulations made for the purposes of the provisions of that Division, are to apply to particular non-marketable securities, or a particular class of non-marketable securities, as if those securities, or securities of that class, were marketable securities or marketable rights within the meaning of that Division.
History
S 1113A(1) inserted by No 201 of 1991, Sch 5 (effective 18 December 1991).
1113A(2)
[Modifications to Div 3]
In a declaration under subsection
(1), the Commission may also specify modifications of Division 3, and of regulations made for the purposes of the provisions of that Division, that are to have effect in relation to the application of that Division and those regulations to the non-marketable securities, or the class of non-marketable securities, to which the declaration relates.
History
S 1113A(2) inserted by No 201 of 1991, Sch 5 (effective 18 December 1991).
1113A(3)
[Effect of declaration]
A declaration under subsection
(1) has effect accordingly.
History
S 1113A(3) inserted by No 201 of 1991, Sch 5 (effective 18 December 1991).
1113A(4)
[Copy of declaration to be published]
The Commission must cause a copy of a declaration under subsection
(1) to be published in the
Gazette.
History
S 1113A(4) inserted by No 201 of 1991, Sch 5 (effective 18 December 1991).
1113A(5)
[``non-marketable securities'']
In this section:
``non-marketable securities''
means securities that are not marketable securities or marketable
rights within the meaning of Division 3.
History
S 1113A(5) inserted by No 201 of 1991, Sch 5 (effective 18 December
1991).