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 11 - Changes resulting from the Managed Investments Act 1998

SECTION 1464   APPLICATION OF PARAGRAPHS 601JA(2)(c) AND 601JB(2)(b) OF NEW LAW TO OFFICERS OR EMPLOYEES OF BODY THAT DOES NOT BECOME SCHEME'S RESPONSIBLE ENTITY  

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1464     If:

(a)  the undertaking becomes a registered scheme; and

(b)  on registration of the scheme, the scheme's responsible entity is one of the bodies referred to in subsection 1455(1);

then, in applying paragraph 601JA(2)(c) or 601JB(2)(b) of the new Law to the scheme, a person who was an officer or employee of the other of those bodies is not, merely because of things they did before the scheme's registration in the performance of their functions or duties as an officer or employee of that body, taken to have been substantially involved in business dealings, or in a professional capacity, with the responsible entity.

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History

S 1464 inserted by No 62 of 1998, Sch 1 (effective 1 July 1998).

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