Western Australian Consolidated Acts Western Australian Consolidated Acts (1) Schedule 3
has effect in relation to the financial administration and audit of the
corporation.
(2) That schedule may
be amended by regulations made by the Governor in accordance with
subsections (3) and (4).
(3) If —
(a) a
provision of Schedule 3 that set out the substance of a provision
of —
(i)
the Corporations Law (as in force at any time before the
commencement of the Corporations Act); or
(ii)
the Corporations Act,
does not accurately
reflect the corresponding provision of the Corporations Act;
(b) the
Corporations Act does not contain a provision that corresponds to a provision
of Schedule 3 that set out the substance of a provision of —
(i)
the Corporations Law (as in force at any time before the
commencement of the Corporations Act); or
(ii)
the Corporations Act;
or
(c) the
Corporations Act contains a provision relating to a matter provided for by
Schedule 3, the substance of which is not set out in Schedule 3,
the Minister may
recommend to the Governor, as soon as practicable after the circumstance in
paragraph (a), (b) or (c) arises, that regulations be made under
subsection (2).
(4) The regulations
are to be in such form that Schedule 3 as amended will, in the opinion of
the Minister, be substantially the same as the corresponding provisions of the
Corporations Act, but with such modifications as are consistent with the
policy of this Act.
[Section 86 amended by No. 10 of 2001
s. 207.]