New South Wales Consolidated Acts

CORPORATIONS (ANCILLARY PROVISIONS) ACT 2001 - SECT 22

22 Power to amend certain statutory rules

(1) The Governor, on the recommendation of the Minister, may make regulations amending a statutory rule made by the Governor in the exercise of a power conferred by any Act.

(2) The Minister may make a recommendation under subsection (1) only if he or she considers that each amendment proposed to be made by the regulations is consequential on the enactment, or the proposed enactment, by the Parliament of the Commonwealth of:

(a) the Australian Securities and Investments Commission Act 1989 , or

(b) the Corporations Act 1989 , or

(c) an Act amending an Act referred to in paragraph (a) or (b), or

(d) the new ASIC Act, or

(e) the new Corporations Act, or

(f) an Act amending an Act referred to in paragraph (d) or (e).

(3) Nothing in this section prevents a statutory rule from being amended otherwise than by regulations made under this section, including an amendment of a kind referred to in subsection (2).