THE CORPORATIONS LAW

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

Division 6 - Changes resulting from the Corporate Law Reform Act 1994

SECTION 1393   APPLICATION OF CHANGES TO PARTS 3.6 AND 3.7  

1393(1)  [Effect on and after amendment date]  

Parts 3.6 and 3.7, as in force after the commencement of item 114 of Schedule 1 to the Amending Act, apply in relation to a body or an undertaking to which prescribed interests relate and:

(a)  the first half-year (if any) of the body or undertaking that begins on or after the commencement of that item; and

(b)  the first accounting period of the body or undertaking that is a financial year and begins on or after the commencement of that item; and

(c)  each later accounting period of the body or undertaking.

1393(2)  [Sec 317A]  

Without limiting subsection (1), section 317A also applies in relation to a company and the first financial year of the company that ends on or after the commencement of that item.

1393(3)  [Effect of unamended Pt 3.6 and 3.7]  

Parts 3.6 and 3.7, as in force before the commencement of that item, continue to apply in relation to a company and a financial year of the company that began before that commencement.