Victorian Consolidated Legislation

Futures Industry (Application of Laws) Act 1986 - SECT 8

Amendment of regulations pursuant to Agreement

8. Amendment of regulations pursuant to Agreement



(1) Where, under the Agreement, the Ministerial Council approves a proposed
amendment of the regulations in force for the time being under the
Commonwealth Act or the Futures Industry (Fees) Act 1986 of the Commonwealth
and, on the expiration of 6 months after the date on which the Ministerial
Council so approved, the amendment has not been made or has been made and is
subject to disallowance or has ceased to be in force by disallowance or for
any other reason, the Governor in Council may make regulations in accordance
with the proposed amendment approved by the Ministerial Council amending the
provisions of regulations applying by reason of section 6 or the regulations
referred to in section 7, as the case may be.

(2) Regulations made by the Governor in Council under subsection (1) may amend
Schedule 2 or 3, and that Schedule as so amended shall be Schedule 2 or 3, as
the case may be, to this Act.

(3) In this Act-

   (a)  a reference to provisions of regulations applying by reason of section
        6 includes a reference to provisions as so applying as amended in
        accordance with this section; and

   (b)  a reference to fees prescribed by regulations under the
        Futures Industry (Fees) Act 1986 of the Commonwealth includes a
        reference to those regulations as amended in accordance with this
        section.