Document ID: chunk:federal_register_of_legislation:C2004A02469:body:0:p6
Version: federal_register_of_legislation:C2004A02469
Segment Type: other
Provision Reference: 
Character Range: 13337–16159

related bodies corporate
27. Section 4 of the Principal Act is amended by omitting "Companies Ordinance 1962-1973 of the Australian Capital Territory, are related to each other would be determined under that Ordinance if, in section 6 of that Ordinance" and substituting "Companies Act 1981, are related to each other would be determined under that Act if, in section 7 of that Act".

Application for authority
28. Section 22 of the Principal Act is amended by omitting from paragraph (e) of sub-section (2) "under the law of a State or Territory" and substituting "under the law in force in a State or Territory".

Valuation of assets
29. Section 33 of the Principal Act is amended by omitting "interests within the meaning of Division 5 of Part IV of the Companies Ordinance 1962-1973 of the Australian Capital Territory" from the definition of "securities" in sub-section (7) and substituting "prescribed interests as defined by sub-section 5 (1) of the Companies Act 1981".

Definitions
30. Section 39 of the Principal Act is amended by omitting from sub-section (4) "the Ninth Schedule to the Companies Ordinance 1962-1973 of the Australian Capital Territory" and substituting "the regulations in force for the time being under sub-section 269 (8) of the Companies Act 1981".

Appointment of auditor
31. Section 46 of the Principal Act is amended by inserting in paragraph (1) (b) "under a law in force" after "auditor".

Definitions
32. Section 50 of the Principal Act is amended—
    (a) by inserting "prescribed" before "interests" (twice occurring) in the definition of "affairs" in sub-section (1); and
    (b) by omitting the definition of "interest" from sub-section (1) and substituting the following definition:
       " 'prescribed interest' means a prescribed interest as defined by sub-section 5 (1) of the Companies Act 1981;".

Part IV not to affect operation of certain laws
33. Section 102 of the Principal Act is amended by inserting "of the Commonwealth or" after "law" (first occurring).

Part V not to affect operation of certain laws
34. Section 103 of the Principal Act is amended by inserting "of the Commonwealth or" after "law" (first occurring).

Offences
35. Section 128 of the Principal Act is amended by omitting sub-section (3) and substituting the following sub-section:
"(3) In this section, 'officer', in relation to a body corporate, has the same meaning as that expression has in relation to a corporation under the Companies Act 1981 by virtue of sub-section 5 (1) of that Act.".
PART XI—AMENDMENTS OF LIFE INSURANCE ACT 1945

Division 1—Amendment Relating to Acquisition of Shares in Companies

Documents lodged or furnished under laws relating to acquisition of shares
36. Section 139a of the Life Insurance Act 194510 is amended by omitting sub-section (1) and substituting the