Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 65

65. (1) An excluded corporation is:

   (a)  a corpoi ation that is declared by the Commission, by notice published
        in the Gazette, to be an authorised dealer in the short term money
        market;

   (b)  a corporation that:

        (i)    is a pastoral company in respect of which an exemption granted
               under section 11 of the Banking Act 1959 is in force;

        (ii)   is registered under the Life Insurance Act 1945 or is a
               corporation the whole of the issued shares in which are held
               beneficially by a body corporate so registered; or

        (iii)  is an Australian bank, or a subsidiary of an Australian bank or
               of a pastoral company referred to in subparagraph (i), if the
               repayment of all existing and future deposits with and loans to
               the subsidiary are guaranteed by the Australian bank or
               pastoral company; and is declared by the Commission by notice
               published in the Gazette to be an excluded corporation for the
               purposes of Chapter 7; or

   (c)  a corporation that is declared by the regulations to be an excluded
        corporation, or a corporation that is included in a class of
        corporations that are declared by the regulations to be excluded
        corporations, for the purposes of Chapter 7.

(2) The Commission may, by notice published in the Gazette, vary or revoke a
declaration made under paragraph (1) (a).

(3) The Commission may, by notice published in the Gazette:

   (a)  specify terms and conditions subject to which section 1017 has

   (b)  vary or revoke any declaration or specification made under paragraph
        (1) (b) or under this subsection.