Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p81
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 81/212)
Character Range: 214083–216965

'specified' means specified in an application order.".

Subsection 275 (1):

  Omit the subsection, substitute:

"(1) This section applies where a body corporate is taken to be registered as a company under Division 2 of Part 2.2.".

Paragraph 275 (2) (b):

  Omit "Act", substitute "Law".

Paragraphs 275 (2) (c) and (d):

  Before "law" insert "previous".

Subsection 275 (3):

  Omit "Act", substitute "Law".

Subsection 275 (4):

  Omit the subsection, substitute:

"(4) Subsection (5) applies to each charge on property of the company that, immediately before the company's registration day, was registered under a previous law corresponding to this Division.

  "(5) At the commencement of the company's registration day:

     (a) there are taken to be entered in the Register the time and date, and the particulars, entered in relation to that charge in the Register kept under that corresponding previous law; and

     (b) the time and date, and the particulars, are taken to have been entered in the Register in accordance with subsection 265 (2).".

Section 276:

  After "law" insert ", or a previous law,".

SCHEDULE 1—continued

Section 283:

  Repeal the section.

Section 286:

  Repeal the section, substitute:

Interpreting accounting standards

"286. (1) An expression has in an accounting standard the same meaning as it has in this Part.

"(2) Part 1.2 applies in relation to an accounting standard as if the accounting standard's provisions were provisions of this Part.

"(3) This section has effect except so far as the contrary intention appears in an accounting standard.

Severing invalid provisions

"286a. (1) An accounting standard is to be interpreted subject to this Law.

"(2) It is intended that where, but for this section, an accounting standard would have been interpreted as being inconsistent with this Law, the accounting standard is nevertheless to be valid in so far as it is not so inconsistent.

Evidence of text of accounting standard

  "286b. A document that purports:

     (a) to be issued or published by or on behalf of the Board or the Commission; and

  (b) to set out the text of:

         (i) a specified instrument as in force at a specified time under section 32 of the Corporations Act 1989; or

      (ii) a specified provision of such an instrument;

or a copy of such a document, is, in proceedings under the Corporations Law of this jurisdiction, prima facie evidence that:

     (c) the specified instrument was in force at that time under that section; and

     (d) the text set out in the document is the text referred to in paragraph (b).".

Section 288:

  Repeal the section, substitute:

SCHEDULE 1—continued

Application of accounting standards approved under a corresponding previous law

"288. (1) This section applies in relation to an accounting standard (in this section called the 'approved standard')