Document ID: chunk:federal_register_of_legislation:C2004A02473:body:0:p13
Version: federal_register_of_legislation:C2004A02473
Segment Type: other
Provision Reference: 
Character Range: 28872–31588

occurs in the office of an auditor of a dealer, if there is no surviving or continuing auditor of the dealer, the dealer shall appoint a person or persons, a firm or firms or a person or persons and a firm or firms to fill the vacancy.
"(17) While a vacancy in the office of an auditor continues, the surviving or continuing auditor or auditors (if any) may act.
"(18) A dealer shall not appoint a person or firm as auditor of the dealer unless that person or firm has, before the appointment, consented by notice in writing given to the dealer to act as auditor and has not withdrawn his or its consent by notice in writing given to the dealer.
"(19) This section does not apply in relation to a body corporate (other than an exempt proprietary company) in relation to which section 280 of the Companies Act 1981 or the corresponding provision of a law of a participating State or of a participating Territory applies.
"(20) In sub-section (19), 'exempt proprietary company' means a body corporate that is an exempt proprietary company within the meaning of the Companies Act 1981 or the corresponding law of a participating State or of a participating Territory.".

Removal and resignation of auditors
34. Section 76 of the Principal Act is amended—
    (a) by omitting from sub-section (4) "of the Commission" and substituting "by the Commission";
    (b) by omitting from paragraph (5) (b) "consents" and substituting "gives its consent"; and
    (c) by adding at the end thereof the following sub-section:
    "(9) This section does not apply in relation to a body corporate in relation to which section 282 of the Companies Act 1981 or the corresponding provision of a law of a participating State or of a participating Territory applies.".

Dealers' accounts
35. Section 78 of the Principal Act is amended—
    (a) by omitting "Companies Ordinance 1962" from paragraph (b) of the definition of "financial year" in sub-section (1) and substituting "Companies Act 1981"; and
    (b) by omitting from sub-section (2) "this Act" and substituting "the Companies Act 1981".

Deposits to be invested by stock exchange
36. Section 97 of the Principal Act is amended—
    (a) by omitting paragraphs (1) (a) and (b) and substituting the following paragraphs:
       "(a) on interest-bearing term deposit with a banking corporation; or
        (b) on deposit with a corporation in respect of which a declaration made under paragraph 97 (7) (b) of the Companies Act 1981 is in force."; and
    (b) by omitting sub-section (2).

Investment of fund
37. Section 110 of the Principal Act is amended by omitting all the words after "corporation" and substituting "in respect of which a declaration made under paragraph 97 (7)