Document ID: chunk:federal_register_of_legislation:C2004A04501:schedule:3:p2
Version: federal_register_of_legislation:C2004A04501
Segment Type: schedule
Provision Reference: sch 3 (pt 2/17)
Character Range: 495292–498080

specifying its address for service for the purposes of section 335.

"(2) A company may lodge a notice in the prescribed form stating that the company no longer has an address for service for the purposes of section 335.

"(3) A notice lodged under subsection (1) or (2) takes effect at the beginning of:

     (a)     if the notice specifies, as the day on which it is to take effect, a day that is more than 7 days after the day of lodgment—the day so specified; or

   (b)     otherwise—the eighth day after the day of lodgment.

"(4) The Commission may serve a document on a company under subsection 335(2) by leaving it at, or sending it by post to, the address specified in:

     (a)     if only one notice lodged by the company under subsection (1) has taken effect—that notice; or

     (b)     if 2 or more such notices have taken effect—the later or latest such notice to take effect;

unless a notice lodged by the company under subsection (2) has taken effect since the notice referred to in paragraph (a) or (b) of this subsection took effect.

"(5) The address specified in a notice under subsection (1) need not be the address of particular premises, but may be a postal address, for example, a post office box number at a post office.

"(6) This section does not affect the operation of any other provision of this Law or any other law of the Commonwealth or of this jurisdiction that authorises a document to be served otherwise than as provided in subsection (4).".

Exemption of certain companies

178.     Section 337 of the Corporations Law is amended by omitting from subsection (1) "Division" (twice occurring) and substituting "Part".

179.     Before section 1346 of the Corporations Law the following section is inserted in Part 9.9:

Minister may delegate prescribed functions and powers under this Law

"1345A.(1) The Minister may, by signed instrument, delegate to an officer of the Department such of the Minister's functions and powers under this Law as are prescribed.

"(2) A delegate is, in the performance or exercise of a delegated function or power, subject to the Minister's directions.".

                 Division 2—Amendments of the Australian Securities Commission Act 19892

Functions and powers

  180. Section 226 of the Principal Act is amended:

  (a) by inserting after subsection (4) the following subsection:

     "(4A) The Standards Board must, so far as it is reasonably practicable to do so, ensure that the New Zealand authority is consulted in the course of:

       (a)     the development of possible accounting standards; and

       (b)     the review of proposed accounting standards.";

  (b) by inserting in subsection (5) the following definition:

     " 'New Zealand authority' means the person or authority that in New