Victorian Consolidated Legislation

Futures Industry (Application of Laws) Act 1986 - SECT 14

Amendment of certain provisions in accordance with approval of Ministerial Council

14. Amendment of certain provisions in accordance with approval of Ministerial
Council

Where, under the Agreement, the Ministerial Council-

   (a)  approves-

   (i)  a proposed amendment of the Commonwealth Act;

   (ii) regulations proposed to be made under the Commonwealth Act (whether or
        not amending other regulations);

   (iii) a proposed amendment of the Futures Industry (Fees) Act 1986 of the
        Commonwealth; or

   (iv) regulations proposed to be made under the Act referred to in
        subparagraph (iii) (whether or not amending other regulations); and

   (b)  approves proposed regulations to be made under this Act in connexion
        with the operation of the proposed amendment or regulations referred
        to in paragraph (a)-

the Governor in Council may make regulations amending Schedule 1, 2 or 3 or
section 7, as the case may be, in accordance with that approval, and that
Schedule or section as so amended shall be Schedule 1, 2 or 3 or section 7, as
the case may be, of this Act.