Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p129
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 129/212)
Character Range: 340954–343807

prescribed or the circumstances require, as if:

     (a) it were a security lodged and maintained in accordance with section 1284; and

     (b) the Commission were substituted for the local authority as a party to the security; and

     (c) a reference in the security to the local authority were a reference to the Commission.

"(3) Without limiting subsection 1284 (2), regulations for the purposes of that subsection may provide for the security to be applied in connection with an act done, an omission or event occurring, or a matter arising, before that commencement.".

Paragraph 1285 (1) (e):

  Before "law" (wherever occurring) insect "previous".

SCHEDULE 1—continued

Subparagraphs 1286 (1) (a) (v) and (1) (b) (vi):

  Before "law" (wherever occurring) insert "previous".

Subsections 1288 (1), (2) and (3):

  Omit the subsections, substitute:

"(1) A person who is, under subsection 1278, taken to be registered as an auditor or liquidator under this Division must lodge a statement relating to the relevant period setting out such information as is prescribed.

  "(2) A statement under subsection (1) must be lodged:

     (a) within the period in which the person would have been required to lodge an equivalent statement under a corresponding provision of a previous law if this Law had not commenced; and

     (b) within one month after the end of each subsequent relevant period.

"(3) A person who is a registered company auditor or registered liquidator (other than a person to whom subsection (1) applies) must, within one month after the end of:

     (a) the period of 3 years beginning on the day on which the person's registration begins; and

   (b) each subsequent period of 3 years;

lodge a statement in respect of that period of 3 years setting out such information as is prescribed.".

Subsection 1288 (4):

  Omit "(2)", substitute "(1)".

Section 1288:

  Add at the end:

  "(6) In this section:

'relevant period', in relation to a person who is taken to be registered as an auditor or liquidator under this Division, means:

     (a) the period starting before this Law commenced in respect of which the person would have been required to lodge a statement under corresponding to this section a previous law if this Law had not commenced; and

  (b) each subsequent period of 3 years.".

Paragraphs 1292 (1) (a), (b) and (c), (2) (a), (b) and (c) and (3) (a), (b) and (c):

  Before "law" insert "previous".

SCHEDULE 1—continued

Section 1293:

  Repeal the section, substitute:

Effect in certain cases of cancellation or suspension of registration under corresponding previous law

"1293. (1) This section applies where a registration (in this section called the 'corresponding registration') of a person under a previous law corresponding to Division 2:

  (a) is cancelled after the commencement of this