Reg 13.08 repealed by SLI No 343 of 2007, reg 3 and Sch 1 item 20, effective 24 September 2007. Reg 13.08 formerly read:
REGULATION 13.08 MODIFICATION OF THE ACT CORPORATIONS LAW AND REGULATIONS
13.08(1)
For the purposes of subsection
376(3)
of the Act, during the transitional period (within the meaning of section
373
of the Act), the following provisions, namely:
(a)
Division 5 of Part 7.12 of the Corporations Law of the Australian Capital Territory as in force on 30 November 1993 (the A.C.T. Corporations Law); and
(b)
Part 7.12 of the Corporations Regulations of the Australian Capital Territory as in force on 30 November 1993 (the A.C.T. Corporations Regulations);
as modified in accordance with this regulation and regulation
13.09
, apply in relation to a Part
31
entity.
13.08(2)
The A.C.T. Corporations Law is modified by omitting subsection 1063(2), sections 1064, 1065, 1066, 1067 and 1068, subsections 1069(8), (9), (9A) and (10) and 1070(3) and sections 1071 and 1075.
13.08(3)
The A.C.T. Corporations Law is further modified:
(a)
by omitting
"
an approved deed,
"
from subsection 1069(12) and substituting
"
the deed of the entity,
"
; and
(b)
by omitting
"
or (9A)
"
from paragraph 1073(1A)(b); and
(c)
by inserting after section 1074 the following section:
1074A Part 31 entities to be constituted by deed
A Part 31 entity (within the meaning of Division
2
of Part
31
of the
Superannuation Industry (Supervision) Act 1993
) must be constituted by a deed.
13.08(4)
The A.C.T. Corporations Regulations are modified by omitting regulations 7.12.02, 7.12.03 and 7.12.04, regulations 7.12.07 to 7.12.14 (both inclusive), paragraphs 7.12.15(1)(a), (b) and (e) and 7.12.15(2)(c) and (h), subregulations 7.12.15(4), (5), (5A) and (5B), paragraphs 7.12.15(6)(ba), (c), (h) and (j) and 7.12.15(8)(e), subregulation 7.12.15(7), paragraph 7.12.15(10)(h) and regulations 7.12.15A to 7.12.17 (both inclusive).
13.08(5)
The A.C.T. Corporations Regulations are further modified:
(a)
by omitting the definitions of
approved deposit fund
and
superannuation fund
from regulation 7.12.01; and
(b)
by omitting paragraph 7.12.15(6)(b) and substituting the following paragraph:
(b)
a covenant that the management company will, on receipt of application moneys, pay the moneys to the trustee as soon as practicable after receipt and in any event by the close of business on the next working day after the day of receipt;
Reg 13.08 inserted by SR No 189 of 1994.
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