Commonwealth Consolidated Acts Commonwealth Consolidated ActsAct No. 55 of 2001 as amended
This compilation was prepared on 4 April 2006
[This Act was amended by Act No. 116 of 2003; No. 9 of 2006]
Amendments from Act No. 116 of 2003
[Schedule 4 (item 1) amended subsection 2(8)
Schedule 4 (item 2) amended item 284 of Schedule 3
Schedule 4 (item 3) amended item 337 of Schedule 3
Schedule 4 (items 1–3) commenced immediately after 15 July 2001]
Amendments from Act No. 9 of 2006
[Schedule 2 (item 10) amended heading to item 25 of Schedule 3
Schedule 2 (item 11) repealed item 4 of Schedule 6
Schedule 2 (item 12) repealed item 7 of Schedule 6
Schedule 2 (item 13) repealed item 10 of Schedule 6
Schedule 2 (items 10–13) commenced immediately after 15 July 2001]
Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General’s Department, Canberra
Contents
Part 1—Preliminary 1
1............ Short title ............................................................................................ 1
2............ Commencement .................................................................................. 1
Part 2—Repeals and amendments 3
3............ Schedule(s) .......................................................................................... 3
Part 3—Special transitional arrangements for ACT 4
Division 1—Transitional arrangements for the former Corporations Law and ASIC Law 4
4............ Definitions .......................................................................................... 4
5............ Corresponding provision .................................................................... 7
6............ Extinguishing rights and liabilities, and terminating proceedings, dealt with by new Corporations legislation 9
7............ Court proceedings and orders ........................................................... 10
Division 2—Transitional arrangements for the former co‑operative scheme legislation 12
8............ Definitions ........................................................................................ 12
9............ Winding up started before commencement ....................................... 12
10.......... Companies Liquidation Account ...................................................... 12
11.......... General .............................................................................................. 13
Part 4—Functions of Commonwealth agencies in relation to transitional national scheme law matters 14
12.......... Definitions ........................................................................................ 14
13.......... Continuing functions of Commonwealth agencies under State and Territory national scheme laws 16
Part 5—Regulations 17
14.......... The regulations ................................................................................. 17
Schedule 1—Repeals 18
Part 1—The applied laws 18
Australian Securities and Investments Commission Act 1989 18
Part 2—The former co‑operative scheme Acts 19
Companies (Acquisition of Shares) Act 1980 19
Companies (Acquisition of Shares—Fees: Taxation Component) Act 1989 19
Companies and Securities (Interpretation and Miscellaneous Provisions) Act 1980 19
Companies (Fees: Taxation Component) Act 1989 19
Companies (Transitional Provisions) Act 1981 19
Futures Industry (Fees: Taxation Component) Act 1989 20
Securities Industry Act 1980 20
Securities Industry (Fees: Taxation Component) Act 1989 20
Schedule 2—Amendment of the new ASIC and corporations legislation on commencement of that legislation 21
Australian Securities and Investments Commission Act 2001 21
Schedule 3—Consequential amendments of other Acts 28
Aboriginal and Torres Strait Islander Commission Act 1989 28
Aboriginal Councils and Associations Act 1976 28
ACIS Administration Act 1999 28
Acts Interpretation Act 1901 29
Administrative Appeals Tribunal Act 1975 31
Administrative Decisions (Judicial Review) Act 1977 31
Aerospace Technologies of Australia Limited Sale Act 1994 31
Agricultural and Veterinary Chemicals Code Act 1994 32
Airports (Transitional) Act 1996 32
A New Tax System (Australian Business Number) Act 1999 33
A New Tax System (Goods and Services Tax) Act 1999 33
A New Tax System (Luxury Car Tax) Act 1999 34
Auditor‑General Act 1997 34
Australian Hearing Services Act 1991 34
Australian Industry Development Corporation Act 1970 34
Australian Land Transport Development Act 1988 35
Australian Meat and Live‑stock Industry 1997 36
Australian Postal Corporation Act 1989 36
Australian Prudential Regulation Authority Act 1998 36
Australian Sports Drug Agency Act 1990 37
Broadcasting Services Act 1992 39
Charter of the United Nations Act 1945 40
Child Support (Registration and Collection) Act 1988 40
Coal Mining Industry (Long Service Leave Funding) Act 1992 41
Coal Mining Industry (Long Service Leave) Payroll Levy Collection Act 1992 41
Commonwealth Authorities and Companies Act 1997 41
Commonwealth Banks Act 1959 43
Commonwealth Borrowing Levy Act 1987 43
Commonwealth Electoral Act 1918 43
Commonwealth Funds Management Limited Act 1990 44
Commonwealth Serum Laboratories Act 1961 44
Commonwealth Superannuation Board Act 2001 45
Criminal Code Act 1995 46
Crown Debts (Priority) Act 1981 46
Defence Housing Authority Act 1987 48
Education Services for Overseas Students Act 2000 48
Environment Protection and Biodiversity Conservation Act 1999 48
Equal Opportunity for Women in the Workplace Act 1999 48
Export Market Development Grants Act 1997 49
Federal Airports Corporation Act 1986 49
Federal Proceedings (Costs) Act 1981 50
Film Licensed Investment Company Act 1998 50
Financial Corporations (Transfer of Assets and Liabilities) Act 1993 50
Financial Corporations Act 1974 50
Financial Sector (Collection of Data) Act 2001 50
Financial Sector (Transfers of Business) Act 1999 50
Financial Transaction Reports Act 1988 51
Fisheries Management Act 1991 51
Foreign Proceedings (Excess of Jurisdiction) Act 1984 52
Fringe Benefits Tax Assessment Act 1986 52
Health Insurance Commission (Reform and Separation of Functions) Act 1997 53
Hearing Services and AGHS Reform Act 1997 53
Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996 53
Income Tax Assessment Act 1936 54
Income Tax Assessment Act 1997 58
Industry Research and Development Act 1986 59
Insurance (Agents and Brokers) Act 1984 61
Interactive Gambling Act 2001 61
International Air Services Commission Act 1992 62
Management and Investment Companies Act 1983 65
National Environment Protection Measures (Implementation) Act 1998 66
National Rail Corporation Agreement Act 1992 70
National Residue Survey (Excise) Levy Act 1998 71
Offshore Minerals (Registration Fees) Act 1981 71
Payment Systems and Netting Act 1998 72
Pay‑roll Tax (Territories) Assessment Act 1971 72
Petroleum Resource Rent Tax Assessment Act 1987 73
Petroleum (Submerged Lands) Act 1967 73
Petroleum (Submerged Lands) (Registration Fees) Act 1967 74
Pipeline Authority Act 1973 74
Pooled Development Funds Act 1992 75
Primary Industries (Customs) Charges Act 1999 75
Primary Industries (Excise) Levies Act 1999 76
Protection of the Sea (Oil Pollution Compensation Fund) Act 1993 76
Retirement Savings Accounts Act 1997 78
Safety, Rehabilitation and Compensation Act 1988 79
Service and Execution of Process Act 1992 79
Snowy Hydro Corporatisation Act 1997 80
Snowy Mountains Engineering Corporation Limited Sale Act 1993 80
States Grants (Petroleum Products) Act 1965 81
States Grants (Primary and Secondary Education Assistance) Act 1996 82
Stevedoring Levy (Collection) Act 1998 82
Superannuation Benefits (Supervisory Mechanisms) Act 1990 82
Superannuation Guarantee (Administration) Act 1992 82
Superannuation Industry (Supervision) Act 1993 82
Sydney Airport Demand Management Act 1997 83
Taxation Administration Act 1953 83
Telecommunications Act 1997 84
Telecommunications (Interception) Act 1979 84
Telstra Corporation Act 1991 84
Tobacco Advertising Prohibition Act 1992 87
Veterans’ Entitlements Act 1986 89
Wool International Act 1993 89
Wool International Privatisation Act 1999 89
Wool Services Privatisation Act 2000 90
Workplace Relations Act 1996 90
Workplace Relations (Registered Organisations) Act 2001 90
Year 2001 Information Disclosure Act 1999 90
Schedule 4—Amendments dependent on prior commencement of Administrative Review Tribunal legislation 92
Australian Securities and Investments Commission Act 2001 92
Schedule 5—Amendments dependent on later commencement of Administrative Review Tribunal legislation 96
Administrative Review Tribunal (Consequential and Transitional Provisions) Act 2001 96
Schedule 6—Criminal Code related amendments 99