Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 774

774. (1) As soon as practicable after:

   (a)  an amendment is made, by way of rescission, alteration or addition, to
        the business rules of a securities exchange; or

   (b)  a securities exchange makes or adopts an amendment, by way of
        rescission, alteration or addition, to its listing rules; the
        securities exchange shall lodge written notice of the amendment.

(2) The notice shall:

   (a)  set out the text of the amendment;

   (b)  specify the date on which the amendment was made or adopted; and

   (c)  contain an explanation of the purpose of the amendment.

(3) If the notice is not given within 21 days after the amendment is made or
adopted, the amendment ceases to have effect.

(4) As soon as practicable after receiving a notice, the Commission shall send
a copy to the Minister.

(5) Within 28 days after the receipt of a notice by the Commission, the
Minister may disallow the whole or a specified part of the amendment to which
the notice relates.

(6) As soon as practicable after the whole or a part of an amendment is
disallowed, the Commission shall give notice of the disallowance to the
securities exchange and, upon receipt by the securities exchange of the
notice, the amendment, to the extent of the disallowance, ceases to have
effect.

(7) If:

   (a)  a notice was duly given by a securities exchange to the NCSC before
        the commencement of this Part under a law corresponding to this
        section;

   (b)  a period of 28 days after the receipt of the notice by the NCSC had
        not elapsed before that commencement; and

   (c)  the Ministerial Council had not before that commencement disallowed
        the whole or a part of the amendment to which the notice related; this
        section (other than paragraph (2) (b)) applies as if the amendment had
        been made or adopted, as the case may be on the date of commencement
        of this Part.