Document ID: chunk:federal_register_of_legislation:C2004A02877:body:0:p6
Version: federal_register_of_legislation:C2004A02877
Segment Type: other
Provision Reference: 
Character Range: 12776–15448

scheme, undertaking or enterprise—
          (a) participants in which are, or may become, entitled to use, occupy or possess, for 2 or more periods during the period for which the scheme, undertaking or enterprise is to operate, property to which the scheme, undertaking or enterprise relates; and
          (b) that is to operate for a period of not less than 3 years;".

Power of Ministerial Council to approve stock exchange
11. Section 38 of the Principal Act is amended by omitting sub-paragraph (2) (a) (i) and substituting the following sub-paragraph:
     "(i) for the exclusion from membership of—
         (A) any person who is not of good character and high business integrity; and
         (B) any body corporate a director of which is not of good character and high business integrity;".

Issue of contract notes
12. Section 64 of the Principal Act is amended—
     (a) by adding at the end of sub-paragraph (2) (h) (i) "and"; and

     (b) by omitting sub-paragraphs (2) (h) (ii), (iii) and (iv) and substituting the following sub-paragraph:
         "(ii) specifying the amount of commission charged and the rate (if any) at which the commission was charged;".

13. After section 94 of the Principal Act the following section is inserted in Part VIII:

Interpretation
"94a. In this Part, unless the contrary intention appears, a reference to a trust account kept or maintained by a sole trader or member firm includes a reference to a trust account so kept or maintained outside the Territory.".

Deposits to be lodged by sole traders and member firms
14. Section 95 of the Principal Act is amended—
     (a) by omitting sub-section (1) and substituting the following sub-sections:
    "(1) Subject to sub-section (6), each sole trader and each partnership that is recognized as a member firm by a stock exchange shall lodge and maintain a deposit in accordance with the provisions of this Part with the stock exchange of which the sole trader is a member or by which the partnership is recognized as a member firm, or, in the case of a sole trader that is a member of 2 or more stock exchanges or a partnership that is recognized as a member firm by 2 or more stock exchanges, with the notified stock exchange.
      "(1a) Where—
         (a) a sole trader that is a member of a stock exchange or of 2 or more stock exchanges becomes a member of another stock exchange; or
         (b) a sole trader ceases to be a member of a stock exchange but remains a member of 2 or more other stock exchanges,
    the sole trader shall forthwith, by notice in writing, inform each of the stock exchanges of which he is a member of the name of the stock exchange with