THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.2 - SECURITIES EXCHANGES AND STOCK MARKETS

SECTION 771   EXEMPT STOCK MARKET  

771(1)  [Declaration by Minister]  

The Minister may by writing declare a specified stock market to be, subject to any specified conditions, an exempt stock market.

771(2)  [Variation or revocation of declaration]  

Without limiting the matters to which the Minister may have regard in considering whether or not to vary or revoke a declaration in force under subsection (1), he or she may, in so considering, have regard to a breach of a condition specified in the declaration.

771(3)  [Declaration under previous corresponding law]  

A declaration by the Ministerial Council, under a previous law corresponding to subsection (1), of a stock market as an exempt stock market that was in force immediately before the commencement of this Part has effect as if it were a declaration by the Minister under that subsection.