Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

COMPANY LAW REVIEW ACT 1998 - SCHEDULE 3

Amendment of the Corporations Law to relocate provisions and make other structural changes

1  Subsection 6(4)

Omit "9.11", substitute "11.2".

2  Paragraph 8(5)(c)

Repeal the paragraph, substitute:

                     (c)  neither subsection (2) nor (3) applies to a reference in:

                              (i)  this section; or

                             (ii)  section 8A, 58, 58A or 58B; or

                            (iii)  Division 9, 10 or 11 of this Part; or

                            (iv)  Part 1.3; or

                             (v)  Chapter 2A (except subsection 113(3)); or

                            (vi)  Chapter 2E (except subsection 243L(2)); or

                           (vii)  Chapter 2K (except section 273); or

                           (viii)  Part 5B.1 or Part 5B.2 (except section 601CX); or

                            (ix)  Part 5.7; or

                             (x)  Division 2 of Part 7.3; or

                            (xi)  section 1039; or

                           (xii)  Division 3 or 4 of Part 7.11; or

                           (xiii)  Division 5 of Part 7.12; or

                          (xiv)  Division 2 of Part 8.3; or

                           (xv)  Part 9.10 or 11.1.

3  Section 9 (definition of Australian register )

Omit "351", substitute "601CM".

4  Section 9 (definition of child entity )

Omit "Part 3.2A", substitute "Chapter 2E".

5  Section 9 (paragraph (b) of the definition of company )

Omit "Part 3.5", substitute "Chapter 2K".

6  Section 9 (paragraph (b) of the definition of company )

Omit "Part 4.1", substitute "Part 5B.2".

7  Section 9 (paragraph (a) of the definition of entity )

Omit "Part 3.2A", substitute "Chapter 2E".

8  Section 9 (definition of exempt foreign company )

Omit "349(8)", substitute "601CK(8)".

9  Section 9 (definition of exempt foreign company )

Omit "Division 2 of Part 4.1", substitute "Division 2 of Part 5B.2".

10  Section 9 (definition of financial benefit )

Omit "Part 3.2A", substitute "Chapter 2E".

11  Section 9 (definition of local agent )

Omit "346(5)", substitute "601CG(5)".

12  Section 9 (paragraph (b) of the definition of Part 5 . 1 body )

Omit "4.1", substitute "5B.2".

13  Section 9 (subparagraph (a)(i) of the definition of Part 5 . 7 body )

Omit "Part 4.1", substitute "Part 5B.2".

14  Section 9 (paragraph (b) of the definition of public company )

Omit "Part 3.2A", substitute "Chapter 2E".

15  Section 9 (paragraph (a) of the definition of registered Australian body )

Omit "Division 1 of Part 4.1", substitute "Division 1 of Part 5B.2".

16  Section 9 (paragraph (b) of the definition of registered Australian body )

Omit "Division 1 of Part 4.1", substitute "Division 1 of Part 5B.2".

17  Section 9 (paragraph (a) of the definition of registered body )

Omit ", subsection 358(2) or section 363 or 364", substitute "or section 601CX or 601CY".

18  Section 9 (paragraph (b) of the definition of registered body )

Omit "Part 4.1", substitute "Part 5B.2".

19  Section 9 (paragraph (a) of the definition of registered foreign company )

Omit "363", substitute "601CX".

20  Section 9 (paragraph (a) of the definition of registered foreign company )

Omit "Part 4.1", substitute "Part 5B.2".

21  Section 9 (paragraph (b) of the definition of registered foreign company )

Omit "Part 4.1", substitute "Part 5B.2".

22  Section 9 (definition of registered office )

Omit "217 or 359", substitute "142 or 601CT".

23  Section 9 (definition of related party )

Omit "Part 3.2A", substitute "Chapter 2E".

24  Section 9 (definition of sibling entity )

Omit "Part 3.2A", substitute "Chapter 2E".

25  Section 53

Omit "260", substitute "246AA".

26  Paragraph 83(2)(a)

Omit "section 217", substitute "subsection 142(1), 145(1) or 145(2)".

27  Subsection 102A(3)

Omit "341 or 344, subsection 383C(1) or section", substitute "601CB, 601CE,".

28  Paragraph 111AH(1)(a)

Omit "216B, 216C, 216D", substitute "169, 170, 171".

29  Section 208

Move to Division 2 of Part 7.13 immediately after section 1096 and renumber as section 1096A.

30  Section 213

Move to immediately after section 1091A and renumber as section 1091C.

31  Part 2.5 (heading)

Repeal the heading, substitute:

Chapter 2C -- Registers

32  Sections 216A to 216K

Renumber as sections 168 to 178.

The following table sets out how the renumbering affects individual section numbers:

 

Old

216A

216B

216C

216D

216E

216F

216G

216H

216I

New

168

169

170

171

172

173

174

175

176

Old

216J

216K

 

 

 

 

 

 

 

New

177

178

 

 

 

 

 

 

 

 

33  Paragraph 216A(1)(a)

Omit "216B", substitute "169".

34  Paragraph 216A(1)(b)

Omit "216C", substitute "170".

35  Paragraph 216A(1)(c)

Omit "216D", substitute "171".

36  Subsection 216A(2)

Omit "Part", substitute "Chapter".

37  Subsection 216D(1) (note)

Omit "216A(2)", substitute "168(2)".

38  Subsection 216F(1)

Omit "Part", substitute "Chapter".

39  Subsection 216F(2)

Omit "Part", substitute "Chapter".

40  Subsection 216F(4)

Omit "216C(3)", substitute "170(3)".

41  Section 216G

Omit "Part" (wherever occurring), substitute "Chapter".

42  Subsection 216H(1)

Omit "Part", substitute "Chapter".

43  Section 216I

Omit "Part" (twice occurring), substitute "Chapter".

44  Paragraph 216J(1)(a)

Omit "Part", substitute "Chapter".

45  Paragraph 216K(2)(a)

Omit "216B", substitute "169".

46  Chapter 3 (heading)

Repeal the heading.

47  Part 3.2 (heading)

Repeal the heading, substitute:

Chapter 2D -- Officers

48  Part 3.2A (heading)

Repeal the heading, substitute:

Chapter 2E -- Financial benefits to related parties

49  Division 1 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.1 -- Object and outline of Part

50  Section 243A

Omit "Part", substitute "Chapter".

51  Subsection 243B(1)

Omit "Division 2", substitute "Part 2E.2".

52  Subsection 243B(1)

Omit "Part", substitute "Chapter".

53  Subsection 243B(2)

Omit "Division 3", substitute "Part 2E.3".

54  Subsection 243B(2)

Omit "Part", substitute "Chapter".

55  Subsection 243B(3)

Omit "Division 4", substitute "Part 2E.4".

56  Subsection 243B(3)

Omit "Part", substitute "Chapter".

57  Subsection 243B(4)

Omit "Division 5", substitute "Part 2E.5".

58  Subsection 243B(5)

Omit "Division 6", substitute "Part 2E.6".

59  Subsection 243B(5)

Omit "Part", substitute "Chapter".

60  Division 2 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.2 -- The meaning of expressions

61  Division 3 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.3 -- The prohibitions

62  Subsection 243H(1)

Omit "Division 4 or 5", substitute "Part 2E.4 or 2E.5".

63  Subsection 243H(2)

Omit "Division 4 or 5", substitute "Part 2E.4 or 2E.5".

64  Division 4 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.4 -- General exceptions

65  Subsection 243L(2)

Omit "this Division", substitute "this Part".

66  Subsection 243L(2)

Omit "Division 5", substitute "Part 2E.5".

67  Division 5 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.5 -- Financial benefits approved by general meeting of public company

68  Subdivision A of Division 5 of Part 3.2A (heading)

Repeal the heading, substitute:

Division 1 -- Exceptions from the prohibitions

69  Paragraph 243Q(c)

Omit "Subdivision B", substitute "Division 2".

70  Paragraph 243R(1)(c)

Omit "Subdivision B", substitute "Division 2".

71  Subsection 243R(2)

Omit "Division", substitute "Part".

72  Section 243S

Omit "Division", substitute "Part".

73  Subsection 243T(1)

Omit "Division", substitute "Part".

74  Subsection 243T(2)

Omit "this Division" (wherever occurring), substitute "this Part".

75  Section 243T (example)

Omit "Division 4", substitute "Part 2E.4".

76  Subdivision B of Division 5 of Part 3.2A (heading)

Repeal the heading, substitute:

Division 2 -- Conditions to be satisfied

77  Subsection 243ZD(1)

Omit "Subdivision", substitute "Division".

78  Division 6 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.6 -- Enforcement

79  Subsection 243ZF(1)

Omit "Division 5", substitute "Part 2E.5".

Note:       The heading to section 243ZF of the Corporations Law is altered by omitting " Division 5 " and substituting " Part 2E.5 ".

80  Section 243ZH

Omit "Division 5", substitute "Part 2E.5".

81  Paragraph 243ZI(2)(a)

Omit "Part", substitute "Chapter".

Note:       The heading to section 243ZI of the Corporations Law is altered by omitting " Part " and substituting " Chapter ".

82  Subsection 243ZI(3)

Omit "Part", substitute "Chapter".

83  Subsection 243ZI(4)

Omit "Part" (twice occurring), substitute "Chapter".

84  Part 3.4 (heading)

Repeal the heading.

85  Section 260

Move to Part 2F.1 and renumber as section 246AA.

86  Part 3.5 (heading)

Repeal the heading, substitute:

Chapter 2K -- Charges

87  Division 1 of Part 3.5 (heading)

Repeal the heading, substitute:

Part 2K.1 -- Preliminary

88  Subsection 261(1)

Omit "In this Part", substitute "In this Chapter".

89  Subsection 261(1) (definition of registrable charge )

Omit "Part", substitute "Chapter".

90  Subsection 261(2)

Omit "Part", substitute "Chapter".

91  Subsection 261(4)

Omit "Part", substitute "Chapter".

92  Division 2 of Part 3.5 (heading)

Repeal the heading, substitute:

Part 2K.2 -- Registration

93  Subsection 262(1)

Omit "Part", substitute "Chapter".

94  Subsection 262(2)

Omit "Part", substitute "Chapter".

95  Subsection 262(8)

Omit "Part", substitute "Chapter".

96  Subsection 262(9)

Omit "Part", substitute "Chapter".

97  Subsection 262(10)

Omit "Part", substitute "Chapter".

98  Subsection 262(11)

Omit "Division", substitute "Part".

99  Subsection 263(3)

Omit "Division 3 of Part 2.2", substitute "Part 5B.1".

100  Subsection 263(3)

Omit "Part 4.1", substitute "Part 5B.2".

101  Subsection 263(3)

Omit "this Division if the body were a Division 3 company, or a body", substitute "this Part if the body were already registered under Part 5B.1, or Part 5B.2".

102  Subsection 265(11)

Omit "Division", substitute "Part".

103  Subsection 265(12)

Omit "Division", substitute "Part".

104  Subsection 265(13)

Omit "Division", substitute "Part".

105  Paragraph 266(1)(e)

Omit "Division 3 of Part 2.2", substitute "Part 5B.1".

106  Paragraph 266(1)(e)

Omit "Part 4.1", substitute "Part 5B.2".

107  Paragraph 266(2)(b)

Omit "Division 3 of Part 2.2", substitute "Part 5B.1".

108  Paragraph 266(2)(b)

Omit "Part 4.1", substitute "Part 5B.2".

109  Subsection 266(4)

Omit "Division", substitute "Part".

110  Subsection 266(5)

Omit "Division", substitute "Part".

111  Subsection 269(1)

Omit "Division", substitute "Part".

112  Subsection 270(4)

Omit "Division", substitute "Part".

113  Subsection 271(1)

Omit "Division" (twice occurring), substitute "Part".

114  Subsection 272(1)

Omit "Division", substitute "Part".

115  Subsection 272(3)

Omit "Division" (twice occurring), substitute "Part".

116  Subsection 272(4)

Omit "Division 2 of Part 3.5 of that Law", substitute "Part 2K.2 of that Law".

117  Subsection 273(1)

Omit "Division", substitute "Part".

118  Paragraph 273(2)(b)

Omit "Division", substitute "Part".

119  Paragraph 273(2)(c)

Omit "Division", substitute "Part".

120  Paragraph 273(3)(b)

Omit "Division", substitute "Part".

121  Paragraph 273(3)(c)

Omit "Division", substitute "Part".

122  Subsection 273(4)

Omit "Part", substitute "Chapter".

123  Subsection 273(4)

Omit "Division", substitute "Part".

124  Subsection 275(1)

Omit "under Division 2 of Part 2.2", substitute "according to section 1362CB".

Note:       The heading to section 275 of the Corporations Law is altered by omitting " Division 2 company " and substituting " company existing before 1 January 1991 ".

125  Subsection 275(2)

Omit "the company's registration day, this Part", substitute "1 January 1991, this Chapter".

126  Paragraph 275(2)(c)

Omit "Part", substitute "Chapter".

127  Paragraph 275(2)(d)

Omit "Part", substitute "Chapter".

128  Subsection 275(4)

Omit "the company's registration day", substitute "1 January 1991".

129  Subsection 275(4)

Omit "Division", substitute "Part".

130  Subsection 275(5)

Omit "At the commencement of the company's registration day", substitute "At the beginning of 1 January 1991".

131  Subsection 275A(1)

Repeal the subsection, substitute:

                     (1)  This section applies if a registrable body is taken to have been registered according to section 1362CJ.

Note:       The heading to section 275A of the Corporations Law is altered by omitting " 365B " and substituting " 1362CJ ".

132  Subsection 275A(2)

Omit "This Part", substitute "This Chapter".

133  Paragraph 275A(2)(c)

Omit "Part", substitute "Chapter".

134  Paragraph 275A(2)(d)

Omit "Part", substitute "Chapter".

135  Subsection 275A(4)

Omit "Division", substitute "Part".

136  Section 276

Omit "Where, immediately before a Division 3 company's registration day", substitute "If, immediately before the day on which a body corporate was registered as a company under Part 5B.1, or a previous law of this jurisdiction corresponding to a provision of that Part".

Note:       The heading to section 276 of the Corporations Law is altered by omitting " Division 3 company " and substituting " body corporate registered as a company ".

137  Section 276

Omit "this Division", (twice occurring), substitute "this Part".

138  Section 276AA

Omit "Where, immediately before a Division 4 company's registration day:", substitute "If, immediately before the day on which a recognised company was registered as a company under section 1362B or a previous law of this jurisdiction corresponding to that section:".

139  Paragraph 276AA(b)

Omit "Division 2 of Part 3.5 of that Law and was not also registered under this Division", substitute "Part 2K.2 of that Law and was not also registered under this Part".

140  Section 276AA

Omit "the charge under Division 2 of Part 3.5", substitute "the charge under Part 2K.2".

Note:       The heading to section 276AA of the Corporations Law is altered by omitting " Division 4 company " and substituting " company transferring jurisdiction ".

141  Section 276A

Omit "Part 3.5", substitute "Chapter 2K".

142  Section 276A

Omit "purposes of that Part", substitute "purposes of that Chapter".

143  Paragraph 276A(a)

Omit "Part", substitute "Chapter".

144  Paragraph 276A(b)

Omit "Division 2 of Part 4.1", substitute "Division 2 of Part 5B.2".

145  Division 3 of Part 3.5 (heading)

Repeal the heading, substitute:

Part 2K.3 -- Order of priority

146  Subsection 278(1)

Omit "this Division", substitute "this Part".

147  Subsection 278(1)

Omit "Division 2" (wherever occurring), substitute "Part 2K.2".

148  Subsection 278(2)

Omit "Division", substitute "Part".

149  Subsection 278(3)

Omit "Division", substitute "Part".

150  Subsection 282(1)

Omit "Division", substitute "Part".

151  Subsection 282(2)

Omit "Division", substitute "Part".

152  Subsection 282(3)

Omit "Division", substitute "Part".

153  Paragraph 282(4)(c)

Omit "Division", substitute "Part".

154  Paragraph 282(4)(d)

Omit "Division", substitute "Part".

155  Part 3.7 (heading)

Repeal the heading.

156  Division 1 of Part 3.7 (heading)

Repeal the heading, substitute:

Part 2M.4 -- Auditor

157  Chapter 4 (heading)

Repeal the heading.

158  Part 4.1

(1)        Move to after Part 5B.1.

(2)        Renumber the sections of the Part as sections 601CA-601CY.

The following table shows how the renumbering affects individual section numbers:

 

Old

340

341

342

343

344

345

346

New

601CA

601CB

601CC

601CD

601CE

601CF

601CG

Old

347

348

349

350

351

353

354

New

601CH

601CJ

601CK

601CL

601CM

601CN

601CP

Old

355

356

357

359

360

361

362

New

601CQ

601CR

601CS

601CT

601CU

601CV

601CW

Old

363

364

 

 

 

 

 

New

601CX

601CY

 

 

 

 

 

(3)        Repeal the Part heading, substitute:

Part 5B.2 -- Registrable bodies

159  Paragraph 341(c)

Omit "242(3)", substitute "242(2)".

160  Paragraph 341(d)

Omit "Part 3.5", substitute "Chapter 2K".

161  Paragraph 341(f)

Omit "359", substitute "601CT".

162  Paragraph 344(e)

Omit "Part 3.5", substitute "Chapter 2K".

163  Paragraph 344(g)

Omit "359", substitute "601CT".

164  Subsection 345(2)

Omit "346", substitute "601CG".

165  Paragraph 346(5)(a)

Omit "347", substitute "601CH".

166  Subsection 353(1)

Omit "351", substitute "601CM".

Note:       The heading to section 353 of the Corporations Law is altered by omitting " 351 " and substituting " 601CM ".

167  Paragraph 354(a)

Omit "351", substitute "601CM".

Note:       The heading to section 354 of the Corporations Law is altered by omitting " 351 " and substituting " 601CM ".

168  Paragraph 354(c)

Omit "351", substitute "601CM".

169  Paragraph 355(b)

Omit "351", substitute "601CM".

170  Section 355

Omit "351, 353 and 354", substitute "601CM, 601CN and 601CP".

171  Section 356

Omit "Subsection 216B(2) and sections 216F, 216G and 216J", substitute "Subsection 169(2) and sections 173, 174 and 177".

172  Section 356

Omit "351", substitute "601CM".

173  Section 357

Omit "351", substitute "601CM".

174  Subsection 360(1)

Omit "subsection 358(3)", substitute "section 601DH or 601DJ".

175  Subparagraph 363(1)(b)(i)

Omit "346(1)", substitute "601CG(1)".

176  Subparagraph 363(1)(b)(ii)

Omit "subsection 361(1)", substitute "subsection 601CV(1)".

177  Paragraph 363(2)(a)

Omit "341(e) or 344(g)", substitute "601CB(e) or 601CE(g)".

178  Paragraph 363(2)(b)

Omit "359(3)", substitute "601CT(3)".

179  Paragraph 363(2)(c)

Omit "359(3)", substitute "601CT(3)".

180  Subsection 363(2)

Omit "notice under subsection 359(3)", substitute "notice under subsection 601CT(3)".

181  Section 417

Omit "9.11", substitute "11.2".

182  Section 459B

Omit "260", substitute "246AA".

Note:       The heading to section 459B of the Corporations Law is altered by omitting " 260 " and substituting " 246AA ".

183  Paragraph 459C(1)(a)

Omit "260", substitute "246AA".

184  Section 467B

Omit "260", substitute "246AA".

185  Section 513A

Omit "260", substitute "246AA".

186  Paragraph 513D(a)

Omit "260", substitute "246AA".

187  Subsection 582(1)

Omit "342 and 350", substitute "601CC and 601CL".

Note 1:    The heading to section 600B is replaced by the heading " Review by Court of resolution of creditors passed on casting vote of person presiding at meeting ".

Note 2:    The heading to section 600C is replaced by the heading " Court's powers where proposed resolution of creditors lost as casting vote of person presiding at meeting ".

188  Subsection 766D (note)

Omit "216B", substitute "169".

189  Paragraph 1056(1)(c)

Omit "Part 3.5", substitute "Chapter 2K".

190  Subsection 1070(2)

Omit "The provisions of Part 2.5 (other than sections 216E and 216K)", substitute "The provisions of Chapter 2C (other than sections 172 and 178)".

191  Subsection 1083(2) (definition of prescribed provision )

Omit "216A(1)(c)", substitute "168(1)(c)".

192  Paragraph 1085(3)(a)

Omit "216B", substitute "169".

193  Paragraph 1085(3)(b)

Omit "216K", substitute "178".

194  Subparagraph 1274(2)(a)(iaa)

Omit "242(6)", substitute "242AA(3)".

195  After subsection 1311(1)

Insert:

          (1A)  Paragraphs (1)(a), (b) and (c) only apply to a provision in the following list if a penalty, pecuniary or otherwise, is set out in Schedule 3 immediately under a heading referring to that provision, or to a provision or provisions in which that provision is included:

                     (a)  Chapters 2A, 2B and 2C

                     (b)  Parts 2F.2 and 2F.3

                     (c)  Chapters 2G, 2H, 2J, 2M (other than Part 2M.4), 2N and 5A

                     (d)  Parts 5B.1 and 5B.3

                     (e)  Chapter 10

                      (f)  Part 11.1.

196  Subsection 1311(3A)

Omit "9.11", substitute "11.2".

197  Paragraphs 1317C(d) and (e)

Omit "342 or 350" (wherever occurring), substitute "601CC or 601CL".

198  Heading to Part 9.11

Repeal the heading, substitute:

Part 11.2 -- Commencement and application of certain changes to this Law

199  Section 1362A

Renumber as section 1362D.

 



[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]