Corporations Act 2001
Ch 7 inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1] (effective 11 March 2002).
As Act No 122 of 2001 repealed Ch 7 and 8 the history notes for Ch 7 use " inserted " and references to the former provisions have been removed.
(a) unless paragraph (b) applies - $80,000,000; or
(b) if a determination is in force under subsection (2) - the amount specified in the determination. 889I(2) [ Alternative minimum amount]
The SEGC may, in writing, determine an amount (whether greater than, or less than, $80,000,000) to be the minimum amount in relation to the NGF. The determination does not come into force until it has been approved by the Minister.889I(3) [ Publication]
The SEGC must publish in the Gazette notice of a determination that has come into force under subsection (2). The notice must specify the date when the determination came into force.889I(4) [ Shortfall of NGF]
If the amount in the NGF falls below the minimum amount, the SEGC must consider what action needs to be taken.
S 889I inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1] (effective 11 March 2002).
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