Commonwealth Numbered Acts

CORPORATIONS LEGISLATION AMENDMENT ACT 1991 No. 110 of 1991 - SECT 2

2. (1) Subject to this section, this Act commences on the day on which it
receives the Royal Assent.

(2) Subject to subsection (3), the amendments of the Corporations Act 1989
that are made by section 4 of this Act are taken to have commenced on 1
January 1991.

(3) The following amendments of the Corporations Act 1989 that are made by
section 4 of this Act commence on a day to be fixed by Proclamation for the
purposes of this subsection:

   (a)  the insertion of new definitions in subsection 50 (1);

   (b)  the amendment of paragraph 50 (2) (a);

   (c)  the insertion of new sections 51A, 53A, 53B, 53C, 53D and 61A;

   (d)  the repeal and substitution of section 52;

   (e)  the amendments of sections 53, 54, 56 and 59.

(4) Subject to subsection (5), sections 7 and 8 commence on a day or days to
be fixed by Proclamation.

(5) If section 7 or 8 does not commence under subsection (4) within the period
of 6 months beginning on the day on which this Act receives the Royal Assent,
that section commences on the first day after the end of that period.

(6) Subject to subsections (7) and (8), the amendments of the Australian 
Securities Commission Act 1989 that are made by section 11 of this Act are
taken to have commenced on 1 January 1991.

(7) The following amendments of the Australian Securities Commission Act  1989
that are made by section 11 of this Act commence on the day on which this Act
receives the Royal Assent:

   (a)  the insertion of new paragraph 6A (ba);

   (b)  the amendments of sections 43, 46, 49 and 102.

(8) The following amendments of the Australian Securities Commission Act  1989
that are made by section 11 of this Act commence on the day on which section 8
of this Act commences:

   (a)  the amendment of the heading to Division 3 of Part 7;

   (b)  the repeal and substitution of section 128;

   (c)  the amendment of section 129.

(9) Part 5 is taken to have commenced on 1 January 1991.

(10) Subject to subsection (11), the provisions of Part 6 commence on a day or
days to be fixed by Proclamation.

(11) A Proclamation under subsection (10) must not fix a day for the
commencement of section 14 that is earlier than the first day on which all the
provisions of Divisions 2 and 3 of Part 6 are in operation.

(12) The provisions of Part 16 of the Australian Securities Commission Act 
1989 (which is added by section 23 of this Act) commence on a day or days to
be fixed by Proclamation for the purposes of this subsection.