Corporations (Ancillary Provisions) (Consequential Amendments) Regulations 2001

i Corporations (Ancillary Provisions) (Consequential Amendments) Regulations 2001 S.R. No. 62/2001 TABLE OF PROVISIONS Regulation Page 1. Objective 1 2. Authorising provision 1 3. Commencement 1 4. Consequential amendments 2 __________________ SCHEDULE—Consequential Amendments 3 ═══════════════ -- 1 of 6 -- 1 STATUTORY RULES 2001 S.R. No. 62/2001 Corporations (Ancillary Provisions) Act 2001 Corporations (Ancillary Provisions) (Consequential Amendments) Regulations 2001 The Governor in Council, on the recommendation of the Attorney-General, makes the following Regulations: Dated: 28 June 2001 Responsible Minister: ROB HULLS Attorney-General HELEN DOYE Clerk of the Executive Council 1. Objective The objective of these Regulations is to amend certain statutory rules as a consequence of the enactment by the Parliament of the Commonwealth of the new Corporations Act and certain other Acts. 2. Authorising provision These Regulations are made under section 22 of the Corporations (Ancillary Provisions) Act 2001. 3. Commencement These regulations come into operation when the Corporations (Consequential Amendments) Act 2001 comes into operation. -- 2 of 6 -- S.R. No. 62/2001 Corporations (Ancillary Provisions) (Consequential Amendments) Regulations 2001 2 4. Consequential amendments A statutory rule specified in the heading to an item in the Schedule is amended as set out in that item. __________________ r. 4 -- 3 of 6 -- S.R. No. 62/2001 Corporations (Ancillary Provisions) (Consequential Amendments) Regulations 2001 3 SCHEDULE Regulation 4 CONSEQUENTIAL AMENDMENTS 1. Accident Compensation Regulations 2001 In regulation 22(1), for "the Corporations Law" substitute "section 50 of the Corporations Act". 2. Associations Incorporation Regulations 1998 2.1 Regulations 10, 11 and 12 are revoked. 2.2 In Schedule 5, in clause 24(b), for "Corporations Law" substitute "Corporations Act". 3. Children's Services Regulations 1998 In Schedule 1, in the definition of "company", for "Corporations Law" substitute "Corporations Act". 4. Co-operative Housing Societies Regulations 1995 In regulation 19, for "Corporations Law" (where twice occurring) substitute "Corporations Act". 5. Co-operatives Regulations 1997 5.1 In regulation 6(c), for "Corporations Law" substitute "Corporations Act". 5.2 Regulations 13, 14 and 29 are revoked. 5.3 In regulation 42, for paragraphs (h) and (i) substitute— "(h) disclosure documents lodged with the Registrar under Part 6D.2 of the Corporations Act (as applied by section 263 of the Act); (i) documents lodged with the Registrar under Part 5.3A of the Corporations Act (as applied by section 323 of the Act);". Sch. -- 4 of 6 -- S.R. No. 62/2001 Corporations (Ancillary Provisions) (Consequential Amendments) Regulations 2001 4 6. Consumer Credit (Victoria) (Administration) Regulations 1996 In regulation 9— (a) in paragraph (b), for sub-paragraph (iii) substitute— "(iii) if the person becomes disqualified from managing a corporation under section 206B of the Corporations Act;"; (b) in paragraph (c)(iii), for "Corporations Law" substitute "Corporations Act". 7. Domestic Building Contracts and Tribunal (Notice) Regulations 1996 In regulation 4(b)(iii), for "Corporations Law" substitute "Corporations Act". 8. Estate Agents (General, Accounts and Audit) Regulations 1997 In regulation 10(3), for "Corporations Law" substitute "Corporations Act". 9. Introduction Agents Regulations 1998 In Schedule 1, in SECTION B—CORPORATIONS, in question (f), for "Part 5 of the Corporations Law" substitute "Chapter 5 of the Corporations Act". 10. Mineral Resources (Royalties) Regulations 1991 In regulation 5(2)(b), for "a corporation (within the meaning of Corporations Law) which is a related corporation" substitute "a body corporate (within the meaning of Corporations Act) which is a related body corporate". 11. Motor Car Traders Regulations 1998 In regulation 22(8)(c)(iv), for "Corporations Law" substitute "Corporations Act". 12. Private Agents Regulations 1990 In regulation 6, for sub-regulation (1) substitute— "(1) Employees of bodies corporate which are related to another body corporate by virtue of section 50 of the Corporations Act are exempt from the operation of this Act in relation to— (a) finding or repossessing goods or chattels which are the subject of a hire-purchase agreement or a bill of sale; or Sch. -- 5 of 6 -- S.R. No. 62/2001 Corporations (Ancillary Provisions) (Consequential Amendments) Regulations 2001 5 (b) collecting or requesting the payment of debts— on behalf of the body corporate which is related to their employer.". 13. Trustee (Secondary Mortgage Market) Regulations 1995 In Schedule 4, in PART B-FINANCIAL REPORT, in Attachment 5, in item D, for "Related corporations within the meaning of the Corporations Law" substitute "Related bodies corporate within the meaning of the Corporations Act". 14. Trustee Companies Regulations 1995 14.1 In regulation 3, in the definition of "member", for "Corporations Law" substitute "Corporations Act". 14.2 In the Notes to the Schedule— (a) in the definition of "prescribed stock exchange", for "Corporations Law" substitute "Corporations Act"; (b) in the definition of "related party", in paragraph (d), for "Part 1 of the Corporations Law" substitute "Part 1.2 of the Corporations Act". ═══════════════ Sch. -- 6 of 6 --