Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p83
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 83/212)
Character Range: 219332–222203

(2) and (3) of this section apply, subject to this Law, on and after that day.

"(2) The person must comply with those requirements as if, in the previous law referred to in paragraph (1) (b):

     (a) a reference to a particular law corresponding to a provision of this Law included a reference to that provision; and

     (b) a reference to the NCSC were, or included, as the case requires, a reference to the Commission.

"(3) If, at a time, or throughout a period beginning, on or after that day, the person contravenes those requirements, this Law applies as if the person had, at that time or throughout that period, as the case may be, contravened the provision referred to in paragraph (1) (b).

"(4) The regulations may modify or vary, and may grant exemptions from compliance with, requirements with which this section requires a person to comply.".

Paragraph 325 (1) (a):

  Omit the paragraph, substitute:

      "(a) at the date of the annual general meeting, no member of the company is a person other than:

        (i) a natural person; or

          (ii) an exempt proprietary company that is an unlimited company; or

SCHEDULE 1—continued

          (iii) a body corporate that, for the purposes of the Corporations Law of another jurisdiction, is an exempt proprietary company and an unlimited company; and".

Paragraph 325 (2) (b):

  Omit the paragraph, substitute:

      "(b) between the day of the company's incorporation and the day referred to in paragraph (a), no member of the company is a person other than:

        (i) a natural person; or

          (ii) an exempt proprietary company that is an unlimited company; or

          (iii) a body corporate that, for the purposes of the Corporations Law of another jurisdiction, is an exempt proprietary company and an unlimited company.".

Subparagraph 325 (5) (b) (ii):

  Omit the subparagraph, substitute:

       "(ii) a body corporate that, for the purposes of the Corporations Law of another jurisdiction, is an exempt proprietary company and an unlimited company;".

Section 336:

  Repeal the section.

Paragraph 338 (a):

  Omit "Act", substitute "Law".

Section 338:

Omit "Act" (second occurring), substitute "Law (other than section 1354)"

Paragraphs 339 (2) (a) and (b):

  Omit the paragraphs, substitute:

       "(a) a body corporate is taken to be registered as a company under Division 2 of Part 2.2; and

       (b) as at the start of the company's registration day, the company had not yet lodged with the NCSC, as required by a previous law corresponding to this Part, a return relating to a financial year of the company ending before that day;".

Amendments of Chapter 4

Heading to Division 1 of Part 4.1:

  Omit "corporations", substitute "bodies".

SCHEDULE 1—continued

Section 340:

  Repeal the section, substitute:

When a registrable Australian body may