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FINANCIAL SECTOR REFORM (AMENDMENTS AND TRANSITIONAL PROVISIONS) ACT 1998 - SCHEDULE 6

Amendment of the Corporations Law set out in section 82 of the Corporations Act 1989 to take account of the Managed Investments Act 1998

Part 1 -- General amendments to take account of Schedule 1 to the Managed Investments Act 1998

1   Subsection 601FF (note)

After " Securities ", insert " and Investments ".

2   Subsection 601FJ(1)

Omit "the ASC's", substitute "ASIC's".

3   Paragraph 601HH(1)(b)

Omit "the ASC's", substitute "ASIC's".


Part 2 -- Changing "ASC" to "ASIC" to take account of Schedule 1 to the Managed Investments Act 1998

4   Amendment of the Corporations Law

The provisions of the Corporations Law specified in this Part are amended by omitting "The ASC" (wherever occurring) and "the ASC" (wherever occurring) and in both cases substituting "ASIC".

Note 1:   The headings to sections 601EC, 601FF, 601FJ, 601FN, 601HD, 601HF, 601NG and 601PB are altered by omitting " ASC " or " the ASC ", and substituting " ASIC ".

Note 2:   The heading to section 601QA is altered by omitting " ASC's " and substituting " ASIC's ".

Note 3:   The headings to subsections 601HE(2) and 601PC(4) are altered by omitting " ASC " and substituting " ASIC ".

5   Subsection 601EA(1)

6   Subsections 601EB(1) to (3)

7   Section 601EC

8   Subsection 601ED(3)

9   Paragraph 601EE(1)(a)

10   Paragraph 601FC(1)(l)

11   Subsections 601FF(1) to (2) (including the note to subsection 601FF(1))

12   Paragraphs 601FL(2)(a) and (c)

13   Paragraphs 601FM(2)(a) and (c)

14   Section 601FN

15   Subsections 601FP(3) to (4)

16   Subsections 601FQ(4) to (5)

17   Subsections 601GC(2) to (3)

18   Subsection 601HB(1)

19   Section 601HC

20   Section 601HD

21   Subsections 601HE(2) to (3)

22   Subsection 601HF(1)

23   Paragraph 601HF(2)(b)

24   Subsections 601HG(4) and (7)

25   Paragraph 601HG(8)(b)

26   Subparagraphs 601HH(2)(a)(i) to (ii)

27   Paragraph 601HH(2)(b)

28   Subsections 601HH(3) to (4)

29   Paragraphs 601HH(5)(b) to (c)

30   Section 601HI

31   Subsections 601JA(3) to (4)

32   Subsections 601JB(5) to (6)

33   Paragraph 601JC(c)

34   Subsection 601JD(2)

35   Section 601JE

36   Subsection 601KB(5)

37   Subsection 601KE(3)

38   Subsection 601NC(2)

39   Paragraph 601ND(2)(d)

40   Paragraph 601NF(3)(d)

41   Section 601NG

42   Subsections 601PA(1) and (3) to (4)

43   Subsection 601PB(1)

44   Subparagraph 601PB(1)(e)(iii)

45   Subsections 601PB(2) to (5)

46   Subsections 601PC(1) to (2) and (4)

47   Subsections 601QA(1) and (3) to (4)

48   Subsection 1454(2)

49   Subsection 1455(2)

50   Subsection 1456(1)

51   Paragraph 1456(2)(c)

52   Paragraph 1457(1)(b)

53   Paragraph 1459(3)(d)

54   Subsection 1460(5)

55   Paragraphs 1460(6)(b) to (c)


Part 3 -- General amendments to take account of Schedule 2 to the Managed Investments Act 1998

56   Section 9 (definition of responsible entity )

Omit "the ASC's", substitute "ASIC's".

57   Subsection 331AC(1)

Omit "the ASC's", substitute "ASIC's".


Part 4 -- Changing "ASC" to "ASIC" to take account of Schedule 2 to the Managed Investments Act 1998

58   Amendment of the Corporations Law

The provisions of the Corporations Law specified in this Part are amended by omitting "The ASC" (wherever occurring) and "the ASC" (wherever occurring) and in both cases substituting "ASIC".

59   Section 9 (definition of ARSN )

60   Paragraph 66(4)(c)

61   Paragraph 172(1A)(d)

62   Subsection 331AB(7)

63   Subparagraphs 331AC(2)(a)(i) to (ii)

64   Paragraph 331AC(2)(b)

65   Subsections 331AC(3) to (4)

66   Paragraphs 331AC(5)(b) to (c)

67   Subsections 331AC(6) to (7)

68   Section 825A

69   Section 1343A




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