Commonwealth legislation

Corporations Amendment (Financial Market Supervision) Act 2010 - Proclamation

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This Act has been repealed and is no longer in force. It is retained for historical reference.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 document is a commencement proclamation — essentially the "on switch" for part of a law that Parliament already passed.

What it does:

Sets 1 August 2010 as the date when Schedule 1 of the Corporations Amendment (Financial Market Supervision) Act 2010 starts being legally effective.
Issued by the Governor-General under the commencement provisions of that Act.

Why it matters: Laws often aren’t active immediately after passing Parliament. This formal notice tells businesses, regulators, and the public exactly when the new financial market supervision rules actually kick in (in this case, about three weeks after the proclamation was signed on 8 July 2010).

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Current sections

Direct links to the current provisions in Corporations Amendment (Financial Market Supervision) Act 2010 - Proclamation.

Corporations Amendment (Financial Market Supervision) Act 2010 - Proclamation

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Proclamation

Corporations Amendment (Financial Market Supervision) Act 2010

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and under item 2 of the table in subsection 2 (1) of the Corporations Amendment (Financial Market Supervision) Act 2010, fix 1 August 2010 as the day on which Schedule 1 to that Act commences.

Signed and sealed with the Great Seal of Australia on 8 July 2010

QUENTIN BRYCE Governor-General

By Her Excellency’s Command

CHRIS BOWEN

Minister for Financial Services, Superannuation and Corporate Law

Source text

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