Explanatory Memorandum
(Circulated by authority of the Minister for Financial Services and Regulation, the Honourable J.B. Hockey MP and the Attorney-General, the Honourable Daryl Williams AM QC MP)Chapter 7 - Schedule 4 - Amendments dependent on prior commencement of Administrative Review Tribunal legislation
7.1. This Schedule contains amendments to the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001 that arise as a result of the Administrative Review Tribunal (Consequential and Transitional Provisions) Bill (the ARTCTP Bill) that is before Parliament as at the time of introduction of the Bill. For the most part, they are simple amendments that update references in the new corporations legislation to take account of new titles of, and new references and definitions in, the ARTCTP Bill.
7.2. The amendments in Schedule 4 deal with the situation in which the ARTCTP Bill commences before or at the same time as this Bill. In that case, the ARTCTP Bill will have amended the Corporations Law and the Australian Securities and Investments Commission Act 1989 . This Bill makes corresponding amendments to the new corporations legislation. Schedule 5 covers the situation in which the ARTCTP Bill commences after this Bill (see below).