Document ID: chunk:federal_register_of_legislation:C2004A04707:front:0:p36
Version: federal_register_of_legislation:C2004A04707
Segment Type: other
Provision Reference: 
Character Range: 92147–95215

provisions referred to in the following paragraphs includes a reference to the relevant form while it is or was current:

  (a) sections 994, 995 and 996;

  (b) sections 1006 to 1012, inclusive;

  (c) subsections 1021(2), (3), (4) and (10);

  (d) sections 1023A, 1024F, 1029, 1032 and 1033.

"(7) The relevant form, or a copy of it, must not be issued when the relevant form is no longer current.".

42. Section 1027A:

  Repeal the section.

43. Section 1029:

  Omit "6 months", substitute "12 months".

44. Section 1029A:

  Repeal the section.

45. Subsection 1031(1):

     (a) Omit ", or any sale, whenever made, pursuant to the prospectus, as the case requires,".

  (b) Omit "responsible person", substitute "corporation".

SCHEDULE 2—continued

46. Subsection 1031(2):

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

47. Paragraph 1031(2)(b):

  Omit "the person is a corporation and".

48. Subsection 1031(3):

     (a) Omit "responsible person in relation to the prospectus concerned", substitute "corporation".

  (b) Omit ", or sold, as the case requires,".

  (c) Omit ", or the sale, as the case may be,".

49. Subsection 1031(6):

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

  (b) Omit "person is", substitute "corporation is".

50. Subsection 1031(7):

  Omit "referred to in subsection (1)".

51. Subsection 1031(10):

  Omit ", or buyer of,".

52. Subsection 1031(11) (definition of "responsible person"):

  Omit the definition.

53. Subsection 1033(1):

Omit all the words after "direct", substitute "that no further securities to which the prospectus relates be allotted or issued.".

54. Paragraphs 1033(7)(b) and (c):

  Omit the paragraphs, substitute:

     "(b) a person is not entitled to lodge a further prospectus in relation to the securities, other than a supplementary prospectus or a replacement prospectus.".

55. Subsection 1033(8):

  Insert "or replacement prospectus" after "supplementary prospectus".

56. Section 1039:

  Omit ", or buyer of,".

57. Subsection 1040(1):

  Omit "6 months", substitute "12 months".

SCHEDULE 2—continued

58. Subsection 1040(3):

  Omit the subsection.

59. Section 1041:

  (a) Omit ", issue or sale", substitute "or issue".

  (b) Omit "6 months", substitute "12 months".

60. After Division 3 of Part 7.12:

  Insert:

"Division 3A—Secondary trading in unquoted securities

Exceptions

  "1043A. This Division does not apply in relation to:

  (a) an excluded offer of securities for purchase; or

  (b) an excluded invitation to buy securities; or

  (c) an offer or invitation to which subsection 1030(1) applies.

Secondary trading in unquoted securities

"1043B.(1) A person (the 'seller') must not offer unquoted securities of a corporation for purchase, or invite offers to buy such securities, unless the person has lodged a notice that complies with whichever of sections 1043C and 1043D applies.

"(2) If the seller issues a document containing the offer or invitation, each copy of the document issued:

  (a) must be attached to, or accompanied by, a copy of the