Document ID: chunk:federal_register_of_legislation:C2010C00612:clause:3_14
Version: federal_register_of_legislation:C2010C00612
Segment Type: clause
Provision Reference: sch 3 cl 14
Character Range: 93302–94892

14  Subsection 72(1)
Repeal the subsection, substitute:

 (1) The Board may, by resolution, delegate to a member all or any of the Board's functions and powers under this Act, other than:
 (a) for PDFs—the Board's powers to make and revoke registration declarations; and
 (b) the Board's powers to register entities or revoke registration under Part 7A.

    15  Subsection 73(1)
Repeal the subsection, substitute:

 (1) The Board may, by resolution, delegate to a committee of 2 or more of its members all or any of the Board's functions and powers under this Act, other than:
 (a) for PDFs—the Board's powers to make and revoke registration declarations; and
 (b) the Board's powers to register entities or revoke registration under Part 7A.

    16  Subsection 74(2)
Repeal the subsection, substitute:

 (2) Subsection (1) does not apply to:
 (a) for PDFs—making or revoking a registration declaration; or
 (b) registering an entity or revoking registration under Part 7A.

    17  After subsection 75(2)
Insert:

 (2A) The Board must also include in the report:
 (a) a list of the entities registered under Part 7A as at the end of the financial year; and
 (b) a list of the entities that became registered under that Part during the financial year; and
 (c) a list of the entities whose registration under that Part was revoked during the financial year.

    18  Application of amendments
The amendments made by this Schedule apply to the issue or allotment of venture capital equity in a resident investment vehicle on or after the day on which this Act receives the Royal Assent.