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Companies and Securities Legislation Amendment (Futures Industry) Act 1986

No. 74 of 1986

TABLE OF PROVISIONS

PART I—PRELIMINARY

Section
   1. Short title
   2. Commencement
PART II—AMENDMENT OF COMPANIES (ACQUISITION OF SHARES) ACT 1980
   3. Principal Act
   4. Service of documents and publication of notices
PART III—AMENDMENTS OF NATIONAL COMPANIES AND SECURITIES COMMISSION ACT 1979
   5. Principal Act
   6. Interpretation
   7. Functions and powers of Commission
   8. Register of financial interests
   9. Restrictions on dealings in securities and futures contracts
  10. Notification of interests
PART IV—AMENDMENTS OF SECURITIES INDUSTRY ACT 1980
  11. Principal Act
  12. Interpretation
  13. Register of Licence Holders
  14. Application of Part
  15. Removal and resignation of auditors
  16. Insertion of new section—
              103a. Payment to the credit of the fidelity fund of a futures exchange or futures association
         17. Restrictions on use of titles "stockbroker", "sharebroker" and "stock exchange"

Companies and Securities Legislation Amendment (Futures Industry) Act 1986

No. 74 of 1986

An Act to amend laws relating to companies and securities in consequence of the enactment of the Futures Industry Act 1986

[Assented to 24 June 1986]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:
PART I—PRELIMINARY

Short title
1. This Act may be cited as the Companies and Securities Legislation Amendment (Futures Industry) Act 1986.

Commencement
2. This Act shall come into operation, or shall be deemed to have come into operation, as the case requires, on the day on which the Futures Industry Act 1986 comes into operation.

PART II—AMENDMENT OF COMPANIES (ACQUISITION OF
SHARES) ACT 1980

Principal Act
3. The Companies (Acquisition of Shares) Act 19801 is in this Part referred to as the Principal Act.

Service of documents and publication of notices
4. Section 56 of the Principal Act is amended—
    (a) by inserting in sub-section (1) ", facsimile service" after "telex"; and
    (b) by inserting after sub-section (1) the following sub-section:
    "(1a) The amendment of sub-section (1) of this section made by section 4 of the Companies and Securities Legislation Amendment (Futures Industry) Act 1986 is for the avoidance of doubt, and shall not be taken to affect by implication the interpretation of that sub-section as in force at any time before the commencement of that section.".

PART III—AMENDMENTS OF NATIONAL COMPANIES AND SECURITIES COMMISSION ACT 1979

Principal Act
5. The National Companies and Securities Commission Act 19792 is in this Part referred to as the Principal Act.

Interpretation
6. Section 3 of the Principal Act is amended by inserting after the definition of "functions" in sub-section (1) the following definition:
    " 'futures contract' means a futures contract within the meaning of the Futures Industry Act 1986 or