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Corporate Law Reform Act 1994

No. 31 of 1994

TABLE OF PROVISIONS

PART 1—PRELIMINARY

Section

  1. Short title
  2. Commencement

PART 2—AMENDMENTS OF THE CORPORATIONS LAW

  3. Corporations Law
  4. Schedule 1—amendments relating to enhanced disclosure
  5. Schedule 2—amendments relating to fundraising
      6. Schedule 3—amendments relating to indemnifying or insuring an officer or auditor of a company
      7. Schedule 4—amendment relating to use, in court proceedings, of information from Commission's national database
  8. Schedule 5—amendment relating to application of changes made by this Act

TABLE OF PROVISIONS—continued

Section

PART 3—AMENDMENTS OF THE AUSTRALIAN SECURITIES
COMMISSION ACT 1989

      9. Schedule 6—amendments relating to disclosure of information and advice about operation of certain provisions

SCHEDULE 1

AMENDMENTS OF THE CORPORATIONS LAW RELATING TO
ENHANCED DISCLOSURE

SCHEDULE 2

AMENDMENTS OF THE CORPORATIONS LAW RELATING TO
FUNDRAISING

SCHEDULE 3

AMENDMENTS OF THE CORPORATIONS LAW RELATING TO
INDEMNIFYING OR INSURING AN OFFICER OR AUDITOR OF A
COMPANY

SCHEDULE 4

AMENDMENT OF THE CORPORATIONS LAW RELATING TO USE, IN
COURT PROCEEDINGS, OF INFORMATION FROM COMMISSION'S
NATIONAL DATABASE

SCHEDULE 5

AMENDMENT OF THE CORPORATIONS LAW RELATING TO
APPLICATION OF CHANGES MADE BY THIS ACT

SCHEDULE 6

AMENDMENTS OF THE AUSTRALIAN SECURITIES COMMISSION ACT
RELATING TO DISCLOSURE OF INFORMATION AND ADVICE ABOUT
OPERATION OF CERTAIN PROVISIONS

    Note: An index of the amendments of the Corporations Law made by Schedules 1 to 5 appears at the end of this Act

Corporate Law Reform Act 1994

No. 31 of 1994

An Act to amend the Corporations Law and the Australian
Securities Commission Act 1989

[Assented to 4 March 1994]

  The Parliament of Australia enacts:

PART 1—PRELIMINARY

Short title

  1. This Act may be cited as the Corporate Law Reform Act 1994.

Commencement

2.(1) Parts 1, 2 and 3 and Schedule 5 commence on the day on which this Act receives the Royal Assent.

   Note: Part 2 refers to Schedules 1 to 6. Schedule 5 commences under this subsection. The amendments made by the other Schedules commence under subsections (2) and (3).

(2) Subject to subsection (3), the items, and paragraphs of items, of Schedules 1, 2, 3, 4 and 6 commence on a day or days to be fixed by Proclamation.

(3) If an item, or a paragraph of an item, does not commence under subsection (2) within the period of 6 months beginning on the day on which this Act receives the Royal Assent, it commences on the first day after the end of that period.

PART 2—AMENDMENTS OF THE CORPORATIONS LAW

Corporations Law

  3. In this Part:

"Corporations Law" means the Corporations Law set out in section 82 of the Corporations Act 19891.

Schedule 1—amendments relating to enhanced disclosure

  4. Schedule 1 amends the Corporations Law to:

     (a)