Document ID: chunk:federal_register_of_legislation:C2004A04707:front:0:p27
Version: federal_register_of_legislation:C2004A04707
Segment Type: other
Provision Reference: 
Character Range: 68142–71366

a serious contravention of its business rules, or the Corporations Law of this or any other jurisdiction, must, as soon as practicable, lodge a statement setting out:

     (a) particulars of the contravention that it believes the person has committed, is committing or is about to commit; and

  (b) its reasons for that belief.".

111. Subparagraph 1274(2)(a)(ia):

  Insert "subsection 776(2B), section 1001B or" after "other than".

112. After subsection 1274(2):

  Insert:

"(2A) For the purposes of subsection (2), a document given to the Commission under subsection 776(2B) is taken to be a document lodged with the Commission.".

113. Schedule 3:

  (a) Insert before "Section 126":

    "Section 111AU:

     Penalty: $20,000 or imprisonment for 5 years, or both.".

  (b) Insert before "Section 1002G":

    "Subsection 1001A(2):

    Penalty: $20,000 or imprisonment for 5 years, or both.

     Subsection 1001B(1):

    Penalty: $20,000 or imprisonment for 5 years, or both.".

SCHEDULE 1—continued

PART 2

CHANGING "A FINANCIAL YEAR" TO "AN ACCOUNTING
PERIOD"

114. Section 9 (definitions of "consolidated accounts" and "financial statements"), sections 287, 292 and 293, subsections 294(1), 294A(3), 294B(3) and 295(1), sections 296, 297 and 298, subsections 299(1), 300(1), 300(2) and 302(1), section 303, subsections 304(2) and 305(2), section 310, subsections 313(4) and 332(6), section 332A and subsections 408B(2), 409A(1), 409A(3) and 409A(4):

Omit "a financial year" (wherever occurring), substitute "an accounting period".

PART 3

CHANGING "THAT FINANCIAL YEAR" TO "THAT ACCOUNTING
PERIOD"

115. Section 9 (definitions of "consolidated accounts" and "financial statements"), sections 292 and 293, subsections 294A(3), 294B(3), 295(1) and 295(2), sections 295A and 295B and subsections 296(1), 302(3), 332(6), 409A(1), 409A(3) and 409A(4):

Omit "that financial year" (wherever occurring), substitute "that accounting period".

PART 4

CHANGING "THE FINANCIAL YEAR" TO "THE ACCOUNTING
PERIOD"

116. Subsections 294(4), 300(2), 301(2), 301(3), 301(7), 301(9), 301(11), 302(6) and 302(9), section 303, subsections 304(2), 305(2), 307(1), 307(2), 309(1) and 309(3), section 310 and subsections 312(1), 331C(1), 331C(3) and 331E(2):

Omit "the financial year" (wherever occurring), substitute "the accounting period".

                         SCHEDULE 2 Section 5

AMENDMENTS OF THE CORPORATIONS LAW RELATING TO
FUNDRAISING

PART 1—GENERAL

1. Section 9 (definition of "prospectus"):

  Add at the end:

     "Note 2: Some references to a prospectus include a supplementary prospectus (see subsection 1024A(4)) and an application form (see subsection 1024G(6)). A replacement prospectus is a prospectus in its own right (see subsection 1024D(3)).".

2. Section 9 (definitions of "primary prospectus", "secondary prospectus" and "seller"):

  Omit the definitions.

3. Section 9:

  Insert:

" 'application period', in relation to a prospectus relating to securities of a corporation, means:

    (a) if, under the terms of the prospectus, applications for the issue of the securities must be made before a particular time (which may, for example, be a specified time or a time to be determined by the