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Australian Securities and Investments Commission Corporations Act 2001- Subsections 926A(2), 951B1(1), 992B(1) and 1020F(1) - Declaration

 

Under subsections 926A(2), 951B(1), 992B(1) and 1020F(1) of the Corporations Act

2001 (the Act) the Australian Securities and Investments Commission declares that

until 31 December 2005:

 

1. Parts 7.6 (other than Divisions 4 and 8), 7.7 and 7.9 of the Act apply to all persons as if paragraph 761G(7)(d) were modified or varied by omitting "investor." and substituting "investor or a wholly-owned subsidiary of a professional investor that is a body corporate."; and
2. Part 7.8 of the Act applies to all persons as if its provisions were modified or varied as follows:

(a)                in subsection 992A(3A) omit "client.", substitute "client other than a retail client that is a wholly-owned subsidiary of a professional investor that is a body corporate,"; and

(b)               in paragraph 992AA(2)(a) omit "client;" substitute "client other than a retail client that is a wholly-owned subsidiary of a professional investor that is a body corporate;".

 

 

Commencement

 

This instrument takes effect on gazettal.

 

 

Dated this 23rd day of February 2004

 

 

 

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission