Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p104
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 104/212)
Character Range: 274569–277271

condition existing by virtue of this", substitute "This".

Subsection 856 (2):

Omit "It is a condition of the licence that the dealer shall:", substitute "The dealer must:".

Subsection 856 (12):

Omit "It is a condition of the licence that where", substitute "Where".

Subsection 856 (13):

  Omit "a condition existing by virtue of".

Subsection 856 (14):

Omit "It is a condition of the licence that, where", substitute "Where".

Subsection 857 (1):

  Omit the subsection, substitute:

"(1) A licensee must, within 1 month after beginning to hold the licence, appoint as auditor or auditors to audit the licensee's accounts:

SCHEDULE 1—continued

  (a) a person or persons; or

  (b) a firm or firms; or

  (c) a person or persons and a firm or firms;

other than a person who, or a firm that, is ineligible by virtue of this section to act as auditor of the licensee.".

Subsection 857 (13):

  Omit "It is a condition of a licence that, where", substitute "Where".

Subsection 857 (16):

Omit "It is a condition of a licence that, within 14 days after a vacancy occurs in the office of an auditor of the licence", substitute "Within 14 days after a vacancy occurs in the office of an auditor of a licensee".

Subsection 857 (18):

Omit "It is a condition of a licence that the licensee shall", substitute "A licensee must".

Subsection 858 (1):

Omit "It is a condition of a licence that the licensee:", substitute "A licensee:".

Paragraph 858 (4) (a):

  Omit "an Australian court", substitute "a court of this jurisdiction".

Section 859:

Omit "and it is a condition of the licence that the holder shall pay those fees and expenses".

Subsection 860 (2):

Omit "It is a condition of a licence that the licensee shall", substitute "A licensee must".

Subsection 860 (5):

Omit "it is a condition of the licence that the licensee shall", substitute "the licensee must".

Subsection 861 (2):

Omit "872", substitute "856, 866, 867, 868, 869, 870, 871, 872 or 873, or Part 7.7".

Subsection 862 (2):

Omit "872", substitute "856, 866, 867, 868, 869, 870, 871, 872 or 873, or Part 7.7".

SCHEDULE 1—continued

Section 865:

  Repeal the section, substitute:

Interpretation

  "865. In this Part, unless the contrary intention appears:

  (a) a reference to a licence is a reference to a dealers licence; and

     (b) a reference to a licensee is a reference to a person who holds a dealers licence; and

     (c) a reference to a book, security, trust account or business of or in relation to a dealer who carries on business in partnership is a reference to such a book, security, trust account or business of or in relation to the partnership.

Application of Part

"865a. This Part (other