Commonwealth Numbered Acts

CORPORATE LAW REFORM ACT 1992 No. 210 of 1992 - SECT 22

22. Section 9 of the Corporations Law is amended:
(a) by omitting the definitions of "control", "parent entity" and "public
company" and substituting the following definitions:

" 'control', in relation to an entity, has:

   (a)  in Part 3.2A - the meaning given by section 243E; and

   (b)  in Parts 3.6 and 3.7 - the meaning given by section 294B;
'parent entity':

   (a)  in Part 3.2A - has the meaning given by subsection 243D(1); and

   (b)  in Parts 3.6 and 3.7 - has the meaning given by section 294A;
'public company' means a company other than a proprietary company and:

   (a)  in the definition of 'public corporation' (in this section) and in
        paragraph 228(1)(b) and subsection 879(1), includes a body corporate
        that is a public company for the purposes of the Corporations Law of
        another jurisdiction; and

   (b)  in section 232A, Part 3.2A and section 1376, includes a body corporate
        (other than a prescribed body corporate) that:

        (i)    is incorporated, or taken to be incorporated, in this
               jurisdiction, but not under the Corporations Law of this
               jurisdiction; and

        (ii)   is included in the official list of a securities exchange; and

   (c)  in Part 3.2A and section 1376, does not include a company in respect
        of which a licence under section 383 is in force;";

   (b)  by inserting the following definitions:

" 'child entity' has in Part 3.2A the meaning given by subsection 243D(2);
'financial benefit' has in Part 3.2A a meaning affected by section 243G;
'related party' has in Part 3.2A the meaning given by section 243F;
'sibling entity' has in Part 3.2A the meaning given by subsection 243D(3);".