Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p77
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 77/212)
Character Range: 202824–205943

be the situation of the company's registered office for the purposes of a previous law of this jurisdiction corresponding to subsection 220 (1).

"(2) Section 217 and subsections 218 (4) and 220 (2) apply in relation to a Division 2 company as if a reference in them to a provision of this Law included a reference to a previous law of this jurisdiction corresponding to that provision of this Law.".

Subsection 220 (3):

  Omit the subsection.

Subsections 224 (2), (3), (4), (5), (6) and (7):

  After "corresponding" (wherever occurring) insert "previous".

Subsection 226 (2):

  After "corresponding" insert "previous".

Subsections 229 (1) and (2):

  Omit the subsections, substitute:

"(1) An insolvent under administration must not, without the leave of the Court, manage a corporation.".

Paragraphs 229 (3) (a) and (b):

  Omit the paragraphs, substitute:

      "(a) on indictment of an offence against an Australian law, or any other law, in connection with the promotion, formation or management of a body corporate or corporation; or

   (b) of serious fraud; or".

Paragraph 229 (3) (c):

Omit "a corresponding law", substitute "a previous law corresponding to any of those provisions".

Subsection 229 (3):

  Omit all the words after "Court,", substitute "manage a corporation".

After subsection 229 (3):

  Insert:

"(3a) Section 91a defines what, for the purposes of this section, constitutes managing a corporation.".

SCHEDULE 1—continued

Subsection 229 (8):

  Omit "law", substitute "previous law of this jurisdiction".

Subparagraph 230 (1) (a) (i):

   (a) Omit "relevant body corporate", substitute "body corporate".

   (b) Omit "company", substitute "body corporate".

Subparagraph 230 (1) (b) (i):

  Omit "relevant bodies corporate", substitute "bodies corporate".

Subparagraph 230 (1) (c) (ii):

Omit "relevant body corporate" (wherever occurring), substitute "body corporate".

Paragraph 230 (1) (d):

  Omit "relevant body corporate", substitute "body corporate".

Subsection 230 (1):

Omit "relevant body corporate" (last occurring), substitute "corporation".

Subsection 230 (3):

  Omit the subsection, substitute:

"(3) A person who is subject to a section 230 order (whether made before or after the commencement of this section) must not manage a corporation.

"(3a) Section 91a defines what, for the purposes of this section, constitutes managing a corporation.".

Subsection 230 (4):

  Omit the subsection, substitute:

"(4) In this section, a reference to a period in which a person has been or was a relevant officer of a body corporate includes a reference to such a period that elapsed, or part of which elapsed, before the commencement of this Part.".

Subsection 230 (6):

  Insert:

" 'body corporate' includes an unincorporated registrable body;".

Subsection 230 (6) (definition of "relevant body corporate"):

  Omit the definition.

SCHEDULE 1—continued

Subsection 230 (6) (definition of "relevant enactment"):

  Omit the definition, substitute:

" 'relevant enactment' means this Law or a previous law corresponding to provisions of this Law;".

Subsection