Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)5. Formal clauses
Clause 1: Short title etc.
5.1 Upon enactment, the Bill will be known as the Company Law Reform Act 1997.
Clause 2: Commencement
5.2 The Bill will commence 6 months after it receives the Royal Assent, unless commenced earlier by Proclamation.
5.3 The amendments made by Schedules 1, 2, 3 and 4 commence in the order specified in clause 2(4) to facilitate the restructuring of the Law to be undertaken by the Bill.
Clause 3: Schedules
5.4 This clause effects the amendments to be made the in Schedules of the Bill to the Corporations Law, the Corporations Act 1989 the Australian Securities Commission Act 1989 and other Commonwealth Acts.
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