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 6D - FUNDRAISING
History
Chapter 6D inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).
PART 6D.1 - APPLICATION OF THE FUNDRAISING PROVISIONS
History
Part 6D.1 inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).
SECTION 700
COVERAGE OF THE FUNDRAISING RULES
700(1)
Securities covered.
Subsection
92(3) defines
securities
for the purposes of this Chapter.
700(2)
Offers and invitations both covered.
For the purposes of this Chapter:
(a)
offering securities for issue includes inviting applications for the issue of the securities; and
(b)
offering securities for sale includes inviting offers to purchase the securities.
700(3)
Person offering securities.
For the purposes of this Chapter, the person who offers securities is the person who has the capacity, or who agrees, to issue or transfer the securities if the offer is accepted.
700(4)
Geographical coverage of Chapter.
This Chapter applies to offers of securities that are received in this jurisdiction, regardless of where any resulting issue, sale or transfer occurs.
Note:
This Chapter in effect applies to all offers received anywhere in Australia because the Corporations Law operates as a national law.
History
S 700 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).
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