Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p120
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 120/212)
Character Range: 317036–319966

licence, as the case may be, granted under this Part.".

Paragraph 1155 (3) (b):

  Omit the paragraph, substitute:

      "(b) if the licensee is a body corporate—the name of each director, and of each secretary, of the licensee;".

Paragraph 1156 (a):

  Omit "a corporation that is".

Paragraph 1156 (b):

  Omit the paragraph, substitute:

      "(b) the holder of a futures advisers licence ceases to act as, or to hold out that the holder is, a futures adviser; or".

Paragraph 1156 (c):

  Omit "held by a corporation".

Subsection 1157 (1):

  Omit "corporation that", substitute "person who".

Subsection 1157 (2):

  Omit "corporation" (twice occurring), substitute "person".

Subsection 1158 (2):

  Before "law" insert "previous".

Section 1160:

  Omit "subsection 1142 (1) or (2)", substitute "section 1142".

Section 1161:

  (a) Omit "corporation", substitute "person".

  (b) Omit "itself out to be", substitute "out that the person is".

SCHEDULE 1—continued

Section 1162:

  Repeal the section.

Section 1163:

  Repeal the section.

Section 1169:

  Omit "an Australian court", substitute "a court".

Paragraph 1172 (a):

  Omit "is a corporation and".

Paragraph 1173 (a):

  Omit "is a corporation,".

Paragraph 1173 (b):

  Omit "is a corporation and".

Subsection 1176 (1):

  Omit "that is a corporation".

Section 1176:

  Add at the end:

"(8) Where a licensee whom subsection (1) requires to establish a register already keeps one under this section or a corresponding previous law, the licensee need not establish a new register but must keep the existing one in accordance with this section.".

Subsection 1177 (1):

  Omit "is a corporation and".

Subsections 1178 (1) and (2):

  Omit "that is a corporation".

Paragraph 1181 (1) (a):

  Omit "that is a corporation".

After subsection 1181 (4):

  Insert:

"(4a) Subsection 8 (3) does not apply in relation to a reference in subsection (2), (3) or (4) of this section to a provision of this section.".

SCHEDULE 1—continued

Subsection 1181 (7):

Omit all the words from and including "in connection with" to the end of the subsection, substitute "in connection with a futures broking business or futures advice business carried on by the first-mentioned person.".

Subsection 1181 (8):

  Omit the subsection, substitute:

"(8) In addition, and without prejudice, to the effect it has of its own force, subsection (6) has by force of this subsection the effect it would have if:

     (a) the reference in it to information being given in accordance with this section were a reference to information being given in accordance with section 1181 of the Corporations Law of this jurisdiction; and

     (b) a reference in it to a court were a reference to a court of an external Territory or of a country outside Australia and the external Territories; and

   (c) paragraphs (6) (d) and (e) were omitted.".

Subsection 1182 (1):

  Omit "that is