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This is a Bill, not an Act. For current law, see the Acts databases.
Queensland
CORPORATIONS
(QUEENSLAND)
AMENDMENT BILL 2000
Queensland
CORPORATIONS (QUEENSLAND)
AMENDMENT BILL 2000
TABLE OF PROVISIONS
Section Page
PART 1--PRELIMINARY
1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
PART 2--AMENDMENT OF CORPORATIONS (QUEENSLAND)
ACT 1990
3 Act amended in pt 2 and schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
4 Amendment of s 15 (Corporations Law of Queensland) . . . . . . . . . . . . . . . . 4
5 Omission of pt 6 (Accounting standards) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Amendment of s 60 (Interpretation of some expressions in the
ASC Law, and the ASC Regulations, of Queensland) . . . . . . . . . . . . . . . . . 5
7 Omission of s 94 (Exemptions from pt 7.12) . . . . . . . . . . . . . . . . . . . . . . . . . 6
8 Amendment of s 97 (Certain transfers by companies not to
constitute reduction of share capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
PART 3--AMENDMENT OF ACTS INTERPRETATION ACT
1954
9 Act amended in part 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
10 Amendment of s 36 (Meaning of commonly used words and
expressions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
SCHEDULE
OTHER AMENDMENTS OF CORPORATIONS (QUEENSLAND) ACT 1990 7
2000
A BILL
FOR
An Act to amend the Corporations (Queensland) Act 1990 and for
another purpose
s1 4 s4
Corporations (Queensland) Amendment
The Parliament of Queensland enacts-- 1
ART 1--PRELIMINARY 2
P
title 3
Short
Clause 1. This Act may be cited as the Corporations (Queensland) Amendment 4
Act 2000. 5
6
7
Commencement
Clause 2. This Act commences on a day to be fixed by proclamation. 8
ART 2--AMENDMENT OF CORPORATIONS 9
P
(QUEENSLAND) ACT 1990 10
amended in pt 2 and schedule 11
Act
Clause 3. This part and the schedule amend the Corporations (Queensland) Act 12
1990. 13
of s 15 (Corporations Law of Queensland) 14
Amendment
Clause 4. Section 15-- 15
insert-- 16
`(3) The Corporations Law of Queensland, chapters 6 to 6D-- 17
(a) bind the Commonwealth as far as the legislative power of the 18
Parliament permits; and 19
(b) do not bind the State, the other States or Norfolk Island.'. 20
s5 5 s6
Corporations (Queensland) Amendment
of pt 6 (Accounting standards) 1
Omission
Clause 5. Part 6-- 2
omit. 3
of s 60 (Interpretation of some expressions in the ASC 4
Amendment
Law, and the ASC Regulations, of Queensland) 5
Clause 6.(1) Section 60(1), definitions "commission" and "witness"-- 6
omit. 7
(2) Section 60(1)-- 8
insert-- 9
` "commission" means the Australian Securities and Investments 10
Commission established by the ASIC Act, section 7. 11
"panel proceeding" means a proceeding before the panel on-- 12
(a) an application made to the panel under the Corporations Law; or 13
(b) a reference of a decision to the panel for review under the 14
Corporations Law. 15
"witness" means-- 16
(a) for a hearing before the commission, a person appearing at the 17
hearing to give evidence; or 18
(b) for a panel proceeding, a person appearing in the proceeding to 19
give evidence.'. 20
(3) Section 60(1), definition "affairs", `section 260'-- 21
omit, insert-- 22
`section 246AA'. 23
(4) Section 60(1), definition "books" paragraph (b), `accounts or 24
accounting' -- 25
omit, insert-- 26
`financial reports or financial'. 27
s7 6 s 10
Corporations (Queensland) Amendment
of s 94 (Exemptions from pt 7.12) 1
Omission
Clause 7. Section 94-- 2
omit. 3
of s 97 (Certain transfers by companies not to constitute 4
Amendment
reduction of share capital) 5
Clause 8. Section 97-- 6
insert-- 7
`(2) Subsection (1) does not apply to a transfer made on or after the 8
commencement of this subsection.'. 9
ART 3--AMENDMENT OF ACTS 10
P
INTERPRETATION ACT 1954 11
amended in part 3 12
Act
Clause 9. This part amends the Acts Interpretation Act 1954. 13
of s 36 (Meaning of commonly used words and 14
Amendment
expressions) 15
Clause 10. Section 36, definitions "ASC Law" and "ASC Regulations", 16
`ASC'-- 17
omit, insert-- 18
`ASIC'. 19
7
Corporations (Queensland) Amendment
SCHEDULE 1
¡
OTHER AMENDMENTS OF CORPORATIONS 2
(QUEENSLAND) ACT 1990 3
section 3 4
1. Section 1(2)(a), `Australian Securities Commission Act 1989'-- 5
omit, insert-- 6
`Australian Securities and Investments Commission Act 1989'. 7
2. Section 3(1), definitions "ASC Act" and "commission"-- 8
omit. 9
3. Section 3(1)-- 10
insert-- 11
` "ASIC Act" means the Australian Securities and Investments 12
Commission Act 1989 (Cwlth). 13
"commission" means the Australian Securities and Investments 14
Commission established by the ASIC Act, section 7.'. 15
4. Section 3(1), definitions "applicable provision", paragraph (b), 16
"ASC Law", "ASC Law of Queensland", "ASC Regulations", "ASC 17
Regulations of Queensland", "Commonwealth law", "corresponding 18
law", paragraph (c), and "national scheme law of this jurisdiction", 19
paragraph (c), sections 20, 26(b), 27(1), 41(2)(a)(ii) and (iii) and 20
54(2)(a)(ii) and (iii), part 11, heading, part 11, division 1, heading, 21
sections 58 and 59, section 60(1), definitions "advisory committee", 22
"assist", "Australia", "chairperson", "commission delegate", "court", 23
"disciplinary board", "examination", "expenses", "foreign country", 24
"give", "hearing", "meeting", "member", "national scheme law", 25
8
Corporations (Queensland) Amendment
SCHEDULE (continued)
"national scheme law of this jurisdiction", "panel", "prescribed", 1
"produce", "record", "regulations", "staff member", "Territory" and 2
"this Act", sections 60(2), 61 and 62, part 11, division 2, heading, 3
sections 63, 64, 65, 72, 73, 74, 75(1) and 83(1A)(a), section 90(1), 4
definition "instrument" and section 90(3), (4) and (6)(b), `ASC'-- 5
omit, insert-- 6
`ASIC'. 7
5. Section 60, heading, `ASC'-- 8
omit, insert-- 9
`ASIC'. 10
6. Section 60(1), `In this part, and in the ASC Law, and the ASC 11
Regulations,'-- 12
omit, insert-- 13
`In this part, and in the ASIC Law, and the ASIC Regulations,'. 14
© State of Queensland 2000
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