Corporations Amendment Regulations 2002 (No. 3) (41 of 2002)

Schedule 1   Amendments commencing at 12.02 am (in the Australian Capital Territory) on 11 March 2002

[54]   After subregulation 7.9.08 (2)

insert

(3) For paragraph 1020G (1) (c) of the Act, if money received under section 1017E of the Act is paid into an account under subregulation 7.8.01 (6), Part 7.8 of the Act applies to the money.

Note See also subregulation 7.8.01 (7).

(4) For paragraph 1020G (1) (c) of the Act, Part 7.9 of the Act applies as if section 1017E of the Act were modified by omitting paragraph 1017E (2) (b) and inserting the following paragraph:

'(b) any money may be paid into the account, provided that:

(i) money to which this section applies; and

(ii) interest on the amount from time to time standing to the credit of the account;

is identified and held in accordance with all other provisions of this section; and'.