Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p98
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 98/212)
Character Range: 258680–261840

the section.

Section 753:

Omit "State or Territory Acquisition of Shares law", substitute "previous law of this jurisdiction corresponding to this Chapter".

Paragraph 753 (b):

  Omit "Act", substitute "Law".

Section 754:

Omit "State or Territory Acquisition of Shares law", substitute "previous law of this jurisdiction corresponding to this Chapter".

Paragraph 754 (b):

  Omit "Act", substitute "Law".

SCHEDULE 1—continued

Section 755:

  Repeal the section.

Paragraph 756 (1) (a):

Omit "provision of a State or Territory Acquisition of Shares law", substitute "previous law of this jurisdiction".

Paragraph 758 (b):

Omit "law" (first occurring), substitute "previous law of this jurisdiction".

Section 759:

  Omit "law", substitute "previous law of this jurisdiction".

Amendments of Chapter 7

Section 767:

  Repeal the section, substitute:

Conducting unauthorised stock markets

  "767. A person must not:

  (a) establish or conduct; or

  (b) assist in establishing or conducting; or

   (c) hold out that the person conducts;

an unauthorised stock market.".

Section 768:

  Repeal the section.

Subsections 769 (1) and 770 (1):

  Omit "that proposes to establish or conduct a stock market".

Subsection 769 (2):

  Omit "The", substitute "Subject to section 102a, the".

Paragraph 769 (2) (a):

  Omit the paragraph.

Subsection 769 (3):

  Before "law" insert "previous".

Subsection 770 (2):

  Omit "The", substitute "Subject to section 102a, the".

Paragraph 770 (2) (a):

  Omit the paragraph.

SCHEDULE 1—continued

Subsection 771 (3):

  Before "law" insert "previous".

Subsection 774 (3):

Omit "the notice is not given", substitute "no notice is lodged under subsection (1)".

Subsection 774 (5):

  After "Commission" insert "under subsection (4)".

Subsection 774 (6):

  After "disallowed" insert "under subsection (5)".

Paragraph 774 (7) (a):

  Before "law" insert "previous".

Before subsection 775 (1):

  Insert:

"(1a) A reference in this section to trading in securities on a stock market is a reference to trading in securities on a stock market, whether in this jurisdiction or elsewhere.".

Subsection 775 (5):

Omit "such a request is made", substitute "a request is made under subsection (4)".

Subsection 775 (7):

  Before "law" (wherever occurring) insert "previous".

Subsection 777 (2):

Omit "corporation" (wherever occurring), substitute "body corporate".

Section 778:

  Repeal the section, substitute:

Gaming and wagering laws not applicable to certain option contracts

"778. Nothing in a law of this jurisdiction about gaming and wagering prevents the entering into of, or affects the validity or enforceability of, an option contract entered into on:

  (a) a stock market of a securities exchange; or

  (b) an exempt stock market.".

Subsection 779 (3):

  Before "law" insert "previous".

SCHEDULE 1—continued

Section 780:

  Repeal the section, substitute:

Dealers

  "780. A person must not:

  (a) carry on a securities business; or

  (b) hold out that the person carries on a securities business;

unless the person holds a dealers licence or is an exempt dealer.".

Section 781: