Document ID: chunk:federal_register_of_legislation:C2004A04707:front:0:p11
Version: federal_register_of_legislation:C2004A04707
Segment Type: other
Provision Reference: 
Character Range: 25753–28929

requires them to comply with certain obligations in the listing rules of a securities exchange requiring the notification of information.

"(3) Section 1001B applies to unlisted disclosing entities and requires them to lodge documents containing information.

Prospectus relief

"111AQ. Section 1022AA applies (subject to certain qualifications) to prospectuses for quoted ED securities of disclosing entities. The section's requirements for the content of prospectuses are less comprehensive than those that apply to other prospectuses under section 1022.

"Division 4—Exemptions and modifications

Meaning of "disclosing entity provisions"

"111AR.(1) For the purposes of this Division, the disclosing entity provisions are the provisions of the following:

     (a) Parts 3.6 and 3.7 as they apply in relation to companies that are disclosing entities;

     (b) Parts 3.6 and 3.7 and section 287 as they apply because of section 323A;

  (c) Division 11 of Part 3.6;

  (d) sections 1001A and 1001B;

SCHEDULE 1—continued

     (e) paragraphs 1069(1)(ea) and (f) as they apply to deeds relating to prescribed interests that are ED securities.

"(2) A reference in subsection (1) to a Part, Division or section includes a reference to regulations in force for the purposes of the Part, Division or section.

Exemptions by regulations

"111AS.(1) The regulations may exempt specified persons from all or specified disclosing entity provisions:

  (a) either generally or as otherwise specified; and

  (b) either unconditionally or subject to specified conditions.

"(2) Without limiting subsection (1), an exemption may relate to specified securities.

Exemptions by the Commission

"111AT.(1) The Commission may, by writing, exempt specified persons from all or specified disclosing entity provisions:

  (a) either generally or as otherwise specified; and

  (b) either unconditionally or subject to specified conditions.

"(2) Without limiting subsection (1), an exemption may relate to specified securities.

"(3) The Commission must cause a copy of an exemption to be published in the Gazette.

Enforcing conditions of exemptions

"111AU.(1) A person must not intentionally or recklessly contravene a condition to which an exemption under section 111AS or 111AT is subject.

"(2) If a person contravenes such a condition, the Court may, on the application of the Commission, order the person to comply with the condition.

Modifications by regulations

"111AV.(1) The regulations may make modifications of all or specified disclosing entity provisions.

"(2) Without limiting subsection (1), a modification may relate to specified securities.

Exemptions and modifications have effect

"111AW. Exemptions and modifications under this Division have effect accordingly.

SCHEDULE 1—continued

Effect of Division

"111AX. Nothing in this Division limits, or is limited by, any other exemption or modification power (for example, section 313 or 1084).".

27. Subsection 284(1):

  Omit the subsection.

28. Subsection 284(3):

  Omit the subsection, substitute:

"(3) Without limiting the generality of subsection (2), an accounting standard's application may be limited