Commonwealth legislation

Corporations Act 2001 - Proclamation (12/07/2001)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

1/10 complexity

This is a formal Commencement Proclamation that activates the Corporations Act 2001.

What it does

Sets 15 July 2001 as the date the Corporations Act 2001 becomes legally effective (comes into force)
Made by the Governor-General under section 2 of the Act, which provides the power to fix commencement dates

Who it affects

All Australian companies, their directors, officers, and shareholders
Anyone engaging in business with corporations or offering financial services

Why it matters Without this Proclamation, the Corporations Act would remain inactive despite being passed by Parliament. This document formally 'switches on' the primary law governing corporate Australia, replacing the previous Corporations Law scheme.

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Current sections

Direct links to the current provisions in Corporations Act 2001 - Proclamation (12/07/2001).

Corporations Act 2001 - Proclamation (12/07/2001)

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Proclamation

Corporations Act 2001

I, PETER JOHN HOLLINGWORTH, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and under section 2 of the Corporations Act 2001, fix 15 July 2001 as the day on which that Act commences.

Signed and sealed with the Great Seal of Australia on 12 July 2001

PETER HOLLINGWORTH

Governor-General

By His Excellency's Command

JOE HOCKEY

Minister for Financial Services and Regulation

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.