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This is a Bill, not an Act. For current law, see the Acts databases.


CORPORATIONS (QUEENSLAND) AMENDMENT BILL 2000

      Queensland




  CORPORATIONS
   (QUEENSLAND)
AMENDMENT BILL 2000

 


 

 

Queensland CORPORATIONS (QUEENSLAND) AMENDMENT BILL 2000 TABLE OF PROVISIONS Section Page PART 1--PRELIMINARY 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 PART 2--AMENDMENT OF CORPORATIONS (QUEENSLAND) ACT 1990 3 Act amended in pt 2 and schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4 Amendment of s 15 (Corporations Law of Queensland) . . . . . . . . . . . . . . . . 4 5 Omission of pt 6 (Accounting standards) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Amendment of s 60 (Interpretation of some expressions in the ASC Law, and the ASC Regulations, of Queensland) . . . . . . . . . . . . . . . . . 5 7 Omission of s 94 (Exemptions from pt 7.12) . . . . . . . . . . . . . . . . . . . . . . . . . 6 8 Amendment of s 97 (Certain transfers by companies not to constitute reduction of share capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 PART 3--AMENDMENT OF ACTS INTERPRETATION ACT 1954 9 Act amended in part 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 10 Amendment of s 36 (Meaning of commonly used words and expressions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 SCHEDULE OTHER AMENDMENTS OF CORPORATIONS (QUEENSLAND) ACT 1990 7

 


 

 

2000 A BILL FOR An Act to amend the Corporations (Queensland) Act 1990 and for another purpose

 


 

s1 4 s4 Corporations (Queensland) Amendment The Parliament of Queensland enacts-- 1 ART 1--PRELIMINARY 2 P title 3 Short Clause 1. This Act may be cited as the Corporations (Queensland) Amendment 4 Act 2000. 5 6 7 Commencement Clause 2. This Act commences on a day to be fixed by proclamation. 8 ART 2--AMENDMENT OF CORPORATIONS 9 P (QUEENSLAND) ACT 1990 10 amended in pt 2 and schedule 11 Act Clause 3. This part and the schedule amend the Corporations (Queensland) Act 12 1990. 13 of s 15 (Corporations Law of Queensland) 14 Amendment Clause 4. Section 15-- 15 insert-- 16 `(3) The Corporations Law of Queensland, chapters 6 to 6D-- 17 (a) bind the Commonwealth as far as the legislative power of the 18 Parliament permits; and 19 (b) do not bind the State, the other States or Norfolk Island.'. 20

 


 

s5 5 s6 Corporations (Queensland) Amendment of pt 6 (Accounting standards) 1 Omission Clause 5. Part 6-- 2 omit. 3 of s 60 (Interpretation of some expressions in the ASC 4 Amendment Law, and the ASC Regulations, of Queensland) 5 Clause 6.(1) Section 60(1), definitions "commission" and "witness"-- 6 omit. 7 (2) Section 60(1)-- 8 insert-- 9 ` "commission" means the Australian Securities and Investments 10 Commission established by the ASIC Act, section 7. 11 "panel proceeding" means a proceeding before the panel on-- 12 (a) an application made to the panel under the Corporations Law; or 13 (b) a reference of a decision to the panel for review under the 14 Corporations Law. 15 "witness" means-- 16 (a) for a hearing before the commission, a person appearing at the 17 hearing to give evidence; or 18 (b) for a panel proceeding, a person appearing in the proceeding to 19 give evidence.'. 20 (3) Section 60(1), definition "affairs", `section 260'-- 21 omit, insert-- 22 `section 246AA'. 23 (4) Section 60(1), definition "books" paragraph (b), `accounts or 24 accounting' -- 25 omit, insert-- 26 `financial reports or financial'. 27

 


 

s7 6 s 10 Corporations (Queensland) Amendment of s 94 (Exemptions from pt 7.12) 1 Omission Clause 7. Section 94-- 2 omit. 3 of s 97 (Certain transfers by companies not to constitute 4 Amendment reduction of share capital) 5 Clause 8. Section 97-- 6 insert-- 7 `(2) Subsection (1) does not apply to a transfer made on or after the 8 commencement of this subsection.'. 9 ART 3--AMENDMENT OF ACTS 10 P INTERPRETATION ACT 1954 11 amended in part 3 12 Act Clause 9. This part amends the Acts Interpretation Act 1954. 13 of s 36 (Meaning of commonly used words and 14 Amendment expressions) 15 Clause 10. Section 36, definitions "ASC Law" and "ASC Regulations", 16 `ASC'-- 17 omit, insert-- 18 `ASIC'. 19

 


 

7 Corporations (Queensland) Amendment SCHEDULE 1 OTHER AMENDMENTS OF CORPORATIONS 2 (QUEENSLAND) ACT 1990 3 section 3 4 1. Section 1(2)(a), `Australian Securities Commission Act 1989'-- 5 omit, insert-- 6 `Australian Securities and Investments Commission Act 1989'. 7 2. Section 3(1), definitions "ASC Act" and "commission"-- 8 omit. 9 3. Section 3(1)-- 10 insert-- 11 ` "ASIC Act" means the Australian Securities and Investments 12 Commission Act 1989 (Cwlth). 13 "commission" means the Australian Securities and Investments 14 Commission established by the ASIC Act, section 7.'. 15 4. Section 3(1), definitions "applicable provision", paragraph (b), 16 "ASC Law", "ASC Law of Queensland", "ASC Regulations", "ASC 17 Regulations of Queensland", "Commonwealth law", "corresponding 18 law", paragraph (c), and "national scheme law of this jurisdiction", 19 paragraph (c), sections 20, 26(b), 27(1), 41(2)(a)(ii) and (iii) and 20 54(2)(a)(ii) and (iii), part 11, heading, part 11, division 1, heading, 21 sections 58 and 59, section 60(1), definitions "advisory committee", 22 "assist", "Australia", "chairperson", "commission delegate", "court", 23 "disciplinary board", "examination", "expenses", "foreign country", 24 "give", "hearing", "meeting", "member", "national scheme law", 25

 


 

8 Corporations (Queensland) Amendment SCHEDULE (continued) "national scheme law of this jurisdiction", "panel", "prescribed", 1 "produce", "record", "regulations", "staff member", "Territory" and 2 "this Act", sections 60(2), 61 and 62, part 11, division 2, heading, 3 sections 63, 64, 65, 72, 73, 74, 75(1) and 83(1A)(a), section 90(1), 4 definition "instrument" and section 90(3), (4) and (6)(b), `ASC'-- 5 omit, insert-- 6 `ASIC'. 7 5. Section 60, heading, `ASC'-- 8 omit, insert-- 9 `ASIC'. 10 6. Section 60(1), `In this part, and in the ASC Law, and the ASC 11 Regulations,'-- 12 omit, insert-- 13 `In this part, and in the ASIC Law, and the ASIC Regulations,'. 14 State of Queensland 2000

 


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