Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p29
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 70420–73084

(2), the Board requires the Commission to pay all or part of the costs of a person in relation to a hearing held by the Board in relation to the person (whether or not the Board also requires the Commission to pay all or part of the costs of and incidental to the hearing), the amount of the costs of the person so required to be paid by the Commission may be recovered in a court of competent jurisdiction as a debt due to the person.

Appeal from decision of Board
"30r. (1) A person (other than the Commission) aggrieved by a decision of the Board may, within such period as is prescribed, appeal to the Court, which may confirm, reverse or modify the decision and make such orders and give such directions in the matter as it thinks fit.

"(2) The Commission may, within such period as is prescribed, appeal to the Court against a decision of the Board and the Court may confirm, reverse or modify the decision and make such orders and give such directions in the matter as it thinks fit.

Operation of section 27
"30s. This Subdivision does not apply in relation to—
     (a) a request made by a person under sub-section 27 (1);
     (b) a decision made by the Commission under sub-section 27 (2); or
     (c) an application made by the Commission under sub-section 27 (4), (5) or (6),
before the commencement of section 31 of the Companies and Securities Legislation (Miscellaneous Amendments) Act 1983, and, notwithstanding the repeal of section 27 of this Act, that last-mentioned section as amended and in force immediately before that commencement continues to have effect in relation to a request, decision or application so made.".

Registers
32. Section 31 of the Principal Act is amended—
     (a) by omitting from sub-paragraph (2) (a) (ii) "or" (last occurring); and
     (b) by inserting after sub-paragraph (2) (a) (ii) the following sub-paragraph:
          "(iia) a document lodged under paragraph 30m (2) (b); or".

Requirements as to memorandum
33. Section 37 of the Principal Act is amended—
     (a) by omitting paragraph (1) (b); and
     (b) by inserting after sub-section (1) the following sub-section:
     "(1a) The memorandum of a company may state the objects of the company.".
34. Sections 67 and 68 of the Principal Act are repealed and the following sections are substituted:

Powers
"67. (1) Subject to this Act, a company has the rights, the powers and the privileges of a natural person and, without limiting the generality of the foregoing, has power—
     (a) to issue and allot fully or partly paid shares in the company;
     (b) to issue debentures of the company;
     (c) to distribute any of the property of the company