Commonwealth Numbered Acts

CORPORATE LAW REFORM ACT 1992 No. 210 of 1992 - SECT 176

176. Section 187 of the Corporations Law is amended:

   (a)  by omitting from subsection (3) everything after "contract in
        writing," and substituting the following:

"the company must:

   (a)  lodge with the return the contract evidencing the allottee's
        entitlement, or a certified copy of that contract; and

   (b)  lodge:

        (i)    if the regulations prescribe for the purposes of this paragraph
               a period ending after the return is lodged - within that
               period; or

        (ii)   otherwise - with the return; a certificate to the effect that
               the contract referred to in paragraph (a) has been duly stamped
               as required by any applicable law relating to stamp duty.";

   (b)  by omitting subsection (4) and substituting the following subsections:

"(4) If the Commission considers it appropriate to do so in a particular case,
the Commission may by writing authorise a company to lodge a certificate under
paragraph (3)(b) within a period that is specified in the authorisation and
ends after:

   (a)  if subparagraph (3)(b)(i) applies - the period referred to in that
        subparagraph; or

   (b)  otherwise - the return is lodged.

"(4A) An authorisation under subsection (4) has effect despite paragraph
(3)(b), but the company must lodge the certificate within the period specified
in the authorisation.".