Corporations Amendment (Proprietary Company Thresholds) Regulations 2019
(F2019L00538)
5 April 2019
Corporations Act 2001
1 Name
This instrument is the Corporations Amendment (Proprietary Company Thresholds) Regulations 2019.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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Provisions |
Commencement |
Date/Details |
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1. The whole of this instrument |
1 July 2019. |
1 July 2019 |
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under the Corporations Act 2001.
4 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Schedule 1 Amendments
Corporations Regulations 2001
1 After regulation 1.0.02A
Insert:
1.0.02B Proprietary company thresholds (Act s 45A)
(1) For the purposes of paragraphs 45A(2)(a) and (3)(a) of the Act, the amount of $50 million is prescribed.
(2) For the purposes of paragraphs 45A(2)(b) and (3)(b) of the Act, the amount of $25 million is prescribed.
(3) For the purposes of paragraphs 45A(2)(c) and (3)(c) of the Act, the number 100 is prescribed.
2 In the appropriate position in Chapter 10
Insert:
Part 10.30 - Application provisions relating to the Corporations Amendment (Proprietary Company Thresholds) Regulations 2019
10.30.01 Application of amendments - changes to proprietary company thresholds
Regulation 1.0.02B, as inserted by Schedule 1 to the Corporations Amendment (Proprietary Company Thresholds) Regulations 2019, applies in relation to the 2019-20 financial year and later financial years.