Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p194
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 194/212)
Character Range: 503686–506573

the company must include in the register, in relation to the entry:

     (a) made under subsection 206vb (2) because of the acceptance that resulted in the agreement; or

  (b) made under section 206vc because of the agreement;

as the case requires, a notation indicating that the shares have been cancelled and specifying the day of the cancellation.

"(2) As soon as practicable after a day on which shares in a class of shares in the company are cancelled by force of subsection 206pc (1), the company must include in the register an entry specifying:

     (a) the number of shares in that class that were cancelled on that day; and

     (b) the number of issued shares in that class as at the end of that day.

Inspection and copies of register

"206vf. (1) The register must be kept at the company's registered office and must be open for inspection:

     (a) by any member or creditor of the company—without charge; and

     (b) by any other person—on payment for each inspection of such amount, not exceeding the prescribed amount, as the company requires, or, where the company does not require payment, without charge.

"(2) A person may request the company to give the person a copy of the register or any part of it and, where such a request is made, the company must comply with the request:

     (a) if the company requires payment of an amount not exceeding the prescribed amount—within 21 days after payment of the amount is received by the company or within such longer period as the Commission approves; or

SCHEDULE 5—continued

     (b) otherwise—within 21 days after the request is made or within such longer period as the Commission approves.".

Subsection 553 (2):

  Before "279" insert "206rd,".

                       SCHEDULE 6 Subsection 9 (2)

AMENDMENTS RELATING TO ON-MARKET SHARE
BUY-BACKS

Section 206bb:

  Insert:

" 'on-market purchase' has the meaning given by section 206bd;".

After section 206bc:

  Insert:

On-market purchase

"206bd. (1) An on-market purchase is a buy-back by a listed body, at an official meeting of a securities exchange, in the ordinary course of trading on a stock market of that securities exchange.

"(2) For the purposes of subsection (1), an acquisition is not made in the ordinary course of trading on a stock market of a securities exchange if, when reported to the securities exchange, the transaction under which the acquisition is made is, under the securities exchange's rules, described as 'special'.".

Section 206ja:

  Insert "on-market purchase, an" after "an" (first occurring).

Paragraph 206la (1) (c):

  Insert "on-market purchase, an" after "an" (first occurring).

                       SCHEDULE 7 Section 15

AMENDMENTS OF THE AUSTRALIAN SECURITIES
COMMISSION ACT 1989

Subsection 5 (1) (definition of "affairs"):

  Omit "Corporations Act 1989", substitute "Corporations Law".

Subsection