Document ID: chunk:federal_register_of_legislation:C2004A03231:body:0:p38
Version: federal_register_of_legislation:C2004A03231
Segment Type: other
Provision Reference: 
Character Range: 94582–97297

who has been at any time during the period of 6 months ending at that time, an officer of the company; or
         (b) a person associated, in relation to the creation of the charge, with a person of a kind referred to in paragraph (a).".
63. After section 215c of the Principal Act the following section is inserted in Division 10 of Part IV:

Retirement village schemes
"215d. (1) Where—
     (a) there is attached to a share or debenture a right to participate in a retirement village scheme; and
     (b) each of the other rights, and each interest (if any), attached to the share or debenture is a right or interest that is merely incidental to the right referred to in paragraph (a),
nothing in a prescribed provision applies to or in relation to the share or debenture.
"(2) Nothing in a prescribed provision applies to or in relation to a prescribed interest that is constituted by a right to participate in a retirement village scheme.
"(3) In this section—
     'prescribed provision' means a provision of Division 1, 2, 5 or 6 or of section 552;
     'retirement village scheme' means a scheme, undertaking or enterprise (in this definition referred to as the 'relevant scheme'), whether in the Territory or elsewhere, that is being, or is proposed to be, carried out or undertaken with the intention that the participants, or a majority of

     the participants, in the relevant scheme be provided, in connection with the relevant scheme, with residential accommodation within a retirement community, whether or not the entitlement of a participant to be provided with such accommodation derives from a proprietary interest held by the participant in the premises where the accommodation is provided, but does not include a time-sharing scheme.".

Publication of name
64. Section 218 of the Principal Act is amended by omitting sub-section (4) and substituting the following sub-section:
"(4) A company shall paint or affix, and keep painted or affixed, in a conspicuous position and in letters easily legible, on the outside of the office or place that is its registered office, and on the outside of every other office or place at which its business is carried on and that is open and accessible to the public—
     (a) its name; and
     (b) in the case of the office or place that is its registered office—the words 'Registered Office',
and, if default is made in complying with this sub-section, the company is guilty of an offence.
Penalty: $1,000.".

Vacation of office
65. Section 222 of the Principal Act is amended—
     (a) by omitting from paragraph (1) (e) "or";
     (b) by omitting paragraph (1) (f) and substituting the following paragraphs:
        "(f) he becomes subject to a section