THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 3 - The National Guarantee Fund

SECTION 936   MINIMUM AMOUNT OF FUND  

936(1)  [Minister may approve minimum amount of fund]  

SEGC may, with the written approval of the Minister, determine, by notice published in the Gazette, an amount (whether greater than, or less than, $15,000,000) to be the minimum amount of the Fund for the purposes of the Fund provisions.

936(2)  [Deemed approval]  

A written approval given by the Ministerial Council before the commencement of this Part under a corresponding previous law in relation to the previous Fund shall be deemed to be an approval duly given by the Minister under this section in relation to the Fund.