Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p128
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 128/212)
Character Range: 338146–341209

eligible", substitute "a".

  (b) Omit "Act", substitute "Law".

Paragraph 1271 (1) (b):

  Omit "in Australia", substitute "in this jurisdiction".

Subsection 1271 (2):

  Omit "Act" (twice occurring), substitute "Law or the ASC Law".

SCHEDULE 1—continued

Amendments of Chapter 9

Subsection 1274 (5):

Omit "a proceeding in an Australian court", substitute "any proceeding".

Subsection 1274 (7):

     (a) Omit "a proceeding in an Australian court", substitute "any proceeding".

  (b) Omit "Act" (wherever occurring), substitute "Law".

Paragraph 1274 (8) (a):

  Omit "an Australian".

Subsection 1274 (14):

  Omit "an Australian", substitute "any".

Section 1277:

Omit "a law of a State or Territory", substitute "another law of this jurisdiction".

Section 1278:

  Repeal the section, substitute:

Auditor or liquidator registered under corresponding previous law

"1278. For the purposes of this Law, where, immediately before the commencement of this section, a person was registered as an auditor, as a liquidator, as a liquidator of a specified body corporate, or as an official liquidator, under a previous law of this jurisdiction corresponding to this Division (whether or not the person's registration was suspended at that commencement), the Commission is taken to have registered the person, at that commencement, under this Division as an auditor, as a liquidator, as a liquidator of that body, or as an official liquidator, as the case may be.".

Section 1279:

  Add at the end:

"(3) An application that was duly made to the NCSC, before the commencement of this section, under a previous law of this jurisdiction corresponding to subsection (1), and that the NCSC had not dealt with before that commencement, is taken to be an application duly made to the Commission under this section.".

Subsection 1280 (1):

  Omit the subsection.

SCHEDULE 1—continued

Subsection 1280 (2):

  Omit "(not being an application to which subsection (1) applies)".

Subparagraphs 1280 (2) (a) (i) and 1282 (2) (a) (i):

Omit "Accountants" (second occurring), substitute "Certified Practising Accountants".

Subsection 1280 (6):

  Omit the subsection.

Subsection 1282 (1):

  Omit the subsection.

Subsection 1282 (2):

  Omit "(not being an application to which subsection (1) applies)".

Subsection 1282 (7):

  Omit the subsection.

Subsection 1282 (8):

  Omit "(1) or".

After section 1284:

  Insert:

Security given under previous law

"1284a. (1) This section applies where, immediately before the commencement of this section, a person maintained a security, under a previous law of this jurisdiction corresponding to section 1284, with the local authority within the meaning of that previous law.

"(2) After that commencement, the security has effect, with such modifications as are 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