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

View history reference

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

View history note

Division 12 - Changes resulting from the Corporate Law Economic Reform Program Act 1999

CCH Note: No 156 of 1999 said to insert Div 12 of Pt 11.2 after Div 11 of Pt 11.2. CCH has inserted Div 12 after Div 11A so as to avoid the divisions occuring in the order of Div 11, Div 12 and Div 11A.

View history note

SECTION 1481 DEBENTURES - APPLICATION AND TRANSITIONAL PROVISIONS

View history reference

1481(1) [Provision relating to power to issue debentures]

Paragraph 124(1)(b) of the new Law applies to all debentures or trust deeds regardless of whether they were issued or made before or after commencement.

1481(2) [Provision relating to redemption of debentures]

Section 563AAA applies in relation to the issue of debentures regardless of whether that event occurs before or after commencement.

1481(3) [Provision relating to liability of trustees]

A provision in force immediately before the date of commencement of section 1062 of the old Law is not void under section 260JB of the new Law if a trustee who was entitled to the benefit of the provision before that date remains a trustee of the trust deed concerned.

1481(4) [Provision relating to indemnification of trustee]

Subsection 260JB(1) does not deprive a trustee of an exemption or right to be indemnified for anything done or omitted to be done by the trustee while a term or provision was in force even if that provision later becomes void under subsection 260JB(1).

1481(5) [Trust deed]

On commencement, each of the provisions required by section 260FB is taken to be included in a trust deed that:

(a) is required by section 260FA; and

(b) is in effect immediately before commencement; and

(c) would not otherwise include that provision.

View history note

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.