THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.2 - SECURITIES EXCHANGES AND STOCK MARKETS

 View history note

SECTION 774   COMMISSION TO BE NOTIFIED OF AMENDMENTS TO RULES  

View history reference

774(1)  [Written notice to be lodged]  

As soon as practicable after:

(a)  an amendment is made, by way of rescission, alteration or addition, to the business rules of a securities exchange; or

(b)  a securities exchange makes or adopts an amendment, by way of rescission, alteration or addition, to its listing rules;

the securities exchange shall lodge written notice of the amendment.

774(2)  [Contents of notice]  

The notice shall:

(a)  set out the text of the amendment;

(b)  specify the date on which the amendment was made or adopted; and

(c)  contain an explanation of the purpose of the amendment.

774(3)  [Effect of failure to notify]  

If no notice is lodged under subsection (1) within 21 days after the amendment is made or adopted, the amendment ceases to have effect.

 View history note

774(4)  [Commission to notify Minister]  

As soon as practicable after receiving a notice, the Commission shall send a copy to the Minister.

774(5)  [Minister may disallow amendment]  

Within 28 days after the receipt of a notice by the Commission under subsection (4), the Minister may disallow the whole or a specified part of the amendment to which the notice relates.

 View history note

774(6)  [Commission to notify disallowance]  

As soon as practicable after the whole or a part of an amendment is disallowed under subsection (5), the Commission shall give notice of the disallowance to the securities exchange and, upon receipt by the securities exchange of the notice, the amendment, to the extent of the disallowance, ceases to have effect.

 View history note

774(7)  [Notice previously given to NCSC]  

If:

(a)  a notice was duly given by a securities exchange to the NCSC before the commencement of this Part under a previous law corresponding to this section;

(b)  a period of 28 days after the receipt of the notice by the NCSC had not elapsed before that commencement; and

(c)  the Ministerial Council had not before that commencement disallowed the whole or a part of the amendment to which the notice related;

this section (other than paragraph (2)(b)) applies as if the amendment had been made or adopted, as the case may be on the date of commencement of this Part.

 View history note

 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.