Victorian Consolidated Legislation

Corporations (Ancillary Provisions) Act 2001 - SECT 22

PART 4 GENERAL

Power to amend certain statutory rules

22. Power to amend certain statutory rules



(1) The Governor in Council, on the recommendation of the Minister, may make
regulations amending a statutory rule made by the Governor in Council 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) Part 2 of the Subordinate Legislation Act 1994 does not apply to
regulations made under this section.

(4) 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).