Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

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Ch 10 heading substituted by SLI 2015 No 135, Sch 1 [ 3].

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

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Pt 10.2 heading substituted by SR 2003 No 369, Sch 1 [ 15] (effective 23 December 2003).

Pt 10.2 inserted by SR 2001 No 319, Sch 1 [ 23] (effective 11 March 2002).

Division 8 - National Guarantee Fund  

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Div 8 heading substituted by SR 2002 No 145, Sch 1 [ 8] (effective 27 June 2002).

REGULATION 10.2.27A   EXPENDITURE OF EXCESS FUNDS FROM NATIONAL GUARANTEE FUND  

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10.2.27A(1)   [ Application]  

For section 1444 of the Act, this regulation applies to a purpose in relation to a payment to be made out of a development account if:

(a) the purpose was approved under subsection 945(3) of the old Corporations Act; and

(b) the approval was in force immediately before the FSR commencement.

10.2.27A(2)   [ Approved purpose]  

The purpose is taken to be an approved purpose for subregulation 7.5.88(1) .

10.2.27A(3)   [ Conditions of Minister's approval]  

If the purpose approved under subsection 945(3) of the old Corporations Act included conditions relating to the payment to which the approval related, the conditions are taken to be conditions determined under subregulation 7.5.88(3) .

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Reg 10.2.27A inserted by SR 2002 No 145, Sch 1 [ 9] (effective 27 June 2002).

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