Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.63 - APPLICATION PROVISIONS RELATING TO PART 7 OF SCHEDULE 4 TO THE TREASURY LAWS AMENDMENT (2022 MEASURES NO. 1) ACT 2022  

SECTION 1693  

1693   DEFINITIONS  

In this Part:

amending Part
means Part 7 of Schedule 4 to the Treasury Laws Amendment (2022 Measures No. 1) Act 2022 .

commencement day
means the day the amending Part commences.

SECTION 1693A   APPLICATION PROVISION  

1693A(1)    
This section applies to a company if, immediately before the commencement day, the company was exempted from complying with subsection 319(1) of this Act by the ASIC Corporations (Exempt Proprietary Companies) Instrument 2015/840 .

1693A(2)    
Despite the repeals made by the amending Part, that exemption continues to apply to the company in relation to a financial year that ends before the commencement day.

SECTION 1693B   INSTRUMENTS THAT PROVIDE RELIEF FROM REQUIREMENTS OF THIS ACT - LODGEMENT OF ANNUAL REPORTS BY LARGE PROPRIETARY COMPANIES  

1693B(1)    
Despite anything contained in this Act, ASIC may not make a legislative instrument, however described, if that legislative instrument would have the effect of relieving the class of companies referred to in subsection (2) of the requirement to comply with subsection 319(1) of this Act for a financial year.

1693B(2)    
The class of companies is the class of large proprietary companies that was relieved from the requirement to comply with subsection 319(1) of this Act by the ASIC Corporations (Exempt Proprietary Companies) Instrument 2015/840 as in force immediately before the commencement day.