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