Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p35
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 35/212)
Character Range: 93613–96518

the definition, substitute:

" 'approved securities organisation' means a body corporate in relation to which an approval under section 770 of the Corporations Law of this jurisdiction is in force;".

Section 9 (definition of "Australia"):

  Omit the definition, substitute:

" 'Australia' includes the coastal sea of each jurisdiction but does not include an external Territory;".

Section 9 (definition of "banning order"):

  Omit the definition, substitute:

" 'banning order' means:

     (a) in section 835 or 836—an order by the Commission in force under Division 5 of Part 7.3; and

     (b) in any other provision of Chapter 7—an order by the Commission in force under Division 5 of Part 7.3 of the Corporations Law of this jurisdiction; and

     (c) in section 1199 or 1199a—an order by the Commission in force under Division 5 of Part 8.3; and

     (d) in any other provision of Chapter 8—an order by the Commission in force under Division 5 of Part 8.3 of the Corporations Law of this jurisdiction;".

SCHEDULE 1—continued

Section 9 (paragraph (a) of the definition of "Board"):

  Omit the paragraph, substitute:

      "(a) in Parts 3.6 and 3.7—the Australian Accounting Standards Board; or".

Section 9 (definition of "body corporate"):

  Omit the definition, substitute:

" 'body corporate' includes a body corporate that is being wound up or has been dissolved and:

     (a) in this Chapter (except subsection 66a (3)) and section 230, includes an unincorporated registrable body; and

   (b) in Chapter 6, includes a Chapter 6 body;".

Section 9 (subparagraph (a) (ii) of the definition of "clearing house"):

  (a) Omit "that is an eligible corporation and".

     (b) After "1131 (2)" insert "or is taken because of subsection 1131 (4) to be in force".

Section 9 (subparagraph (b) (ii) of the definition of "clearing house"):

  (a) Omit "that is an eligible corporation and".

     (b) After "1131 (2)" insert "or is taken because of subsection 1131 (4) to be in force".

Section 9 (paragraph (c) of the definition of "clients' segregated account"):

  Omit "or a corresponding law".

Section 9 (definition of "close corporation"):

  Omit the definition.

Section 9 (definition of "commencement"):

  Omit the definition, substitute:

" 'commencement' means:

     (a) in relation to this Law or a provision of this Law—the time at which the Law or provision came into operation; or

  (b) in relation to an accounting standard:

         (i) in the case of an accounting standard as originally in effect—the time when the accounting standard took effect; or

         (ii) in the case of an accounting standard as varied by a particular provision of an instrument made under section 32 of the Corporations Act 1989, as the instrument has effect for the purposes of Parts 3.6 and 3.7 of the

SCHEDULE 1—continued

         Corporations Law of this jurisdiction—the time when