THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 11 - APPLICATION AND TRANSITIONAL PROVISIONS

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PART 11.2 - COMMENCEMENT AND APPLICATION OF CERTAIN CHANGES TO THIS LAW

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History

Heading amended by No 61 of 1998, Sch 3 (effective 1 July 1998).

Pt 11.2 was renumbered from Pt 9.11 by No 61 of 1998, Sch 3 (effective 1 July 1998).

Division 10 - Changes resulting from the Company Law Review Act 1998

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Div 10 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

SECTION 1438   DEREGISTRATION - PROPERTY VESTED IN ASIC UNDER PREVIOUS LAWS  

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1438(1)  [Division 8 of Part 5.6]  

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If property vested in ASIC before commencement under Division 8 of Part 5.6, ASIC may deal with the property under Chapter 5A as if the property were vested in it under section 601AD.

1438(2)  [ASC and NCSC]  

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If:

(a)  property was vested in ASC under section 254 of the ASIC Law; and

(b)  the property was previously vested in the NCSC:

(i) because of the previous law of this jurisdiction corresponding to section 576 of the old Law; and

(ii) not under section 43 of the National Companies and Securities Commission Act 1979;

ASIC may deal with the property under Chapter 5A as if it were vested in it under section 601AD.

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S 1438(2) amended by No 156 of 1999, s 3, Sch 11, Pt 1 [1] and [18] (effective 25 November 2000).

1438(3)  [Section 601AD]  

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If property vested, or vests, in ASIC under section 601, ASIC may deal with the property under Chapter 5A as if the property were vested in it under section 601AD.

1438(4)  [Section 601]  

This section has effect despite section 601.

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History

S 1438 amended by No 54 of 1998, Sch 5, Pt 2 (effective 1 July 1998).

S 1438 inserted by No 61 of 1998, Sch 1 (effective 1 July 1998).

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