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COMPANY LAW REVIEW ACT 1998 NO. 61, 1998 - SCHEDULE 3--Amendment

of the Corporations Law to relocate provisions and make other structural changes

1 Subsection 6(4)

Omit "9.11", substitute "11.2".

2 Paragraph 8(5)(c)

Repeal the paragraph, substitute:

3 Section 9 (definition of Australian register )

Omit "351", substitute "601CM".

4 Section 9 (definition of child entity )

Omit "Part 3.2A", substitute "Chapter 2E".

5 Section 9 (paragraph (b) of the definition of company )

Omit "Part 3.5", substitute "Chapter 2K".

6 Section 9 (paragraph (b) of the definition of company )

Omit "Part 4.1", substitute "Part 5B.2".

7 Section 9 (paragraph (a) of the definition of entity )

Omit "Part 3.2A", substitute "Chapter 2E".

8 Section 9 (definition of exempt foreign company )

Omit "349(8)", substitute "601CK(8)".

9 Section 9 (definition of exempt foreign company )

Omit "Division 2 of Part 4.1", substitute "Division 2 of Part 5B.2".

10 Section 9 (definition of financial benefit )

Omit "Part 3.2A", substitute "Chapter 2E".

11 Section 9 (definition of local agent )

Omit "346(5)", substitute "601CG(5)".

12 Section 9 (paragraph (b) of the definition of Part 5.1 body )

Omit "4.1", substitute "5B.2".

13 Section 9 (subparagraph (a)(i) of the definition of Part 5.7 body )

Omit "Part 4.1", substitute "Part 5B.2".

14 Section 9 (paragraph (b) of the definition of public company )

Omit "Part 3.2A", substitute "Chapter 2E".

15 Section 9 (paragraph (a) of the definition of registered Australian body )

Omit "Division 1 of Part 4.1", substitute "Division 1 of Part 5B.2".

16 Section 9 (paragraph (b) of the definition of registered Australian body )

Omit "Division 1 of Part 4.1", substitute "Division 1 of Part 5B.2".

17 Section 9 (paragraph (a) of the definition of registered body )

Omit ", subsection 358(2) or section 363 or 364", substitute "or section 601CX or 601CY".

18 Section 9 (paragraph (b) of the definition of registered body )

Omit "Part 4.1", substitute "Part 5B.2".

19 Section 9 (paragraph (a) of the definition of registered foreign company )

Omit "363", substitute "601CX".

20 Section 9 (paragraph (a) of the definition of registered foreign company )

Omit "Part 4.1", substitute "Part 5B.2".

21 Section 9 (paragraph (b) of the definition of registered foreign company )

Omit "Part 4.1", substitute "Part 5B.2".

22 Section 9 (definition of registered office )

Omit "217 or 359", substitute "142 or 601CT".

23 Section 9 (definition of related party )

Omit "Part 3.2A", substitute "Chapter 2E".

24 Section 9 (definition of sibling entity )

Omit "Part 3.2A", substitute "Chapter 2E".

25 Section 53

Omit "260", substitute "246AA".

26 Paragraph 83(2)(a)

Omit "section 217", substitute "subsection 142(1), 145(1) or 145(2)".

27 Subsection 102A(3)

Omit "341 or 344, subsection 383C(1) or section", substitute "601CB, 601CE,".

28 Paragraph 111AH(1)(a)

Omit "216B, 216C, 216D", substitute "169, 170, 171".

29 Section 208

Move to Division 2 of Part 7.13 immediately after section 1096 and renumber as section 1096A.

30 Section 213

Move to immediately after section 1091A and renumber as section 1091C.

31 Part 2.5 (heading)

Repeal the heading, substitute:

Chapter 2C--Registers 32 Sections 216A to 216K

Renumber as sections 168 to 178.

The following table sets out how the renumbering affects individual section numbers:

Old

216A

216B

216C

216D

216E

216F

216G

216H

216I

New

168

169

170

171

172

173

174

175

176

Old

216J

216K








New

177

178








33 Paragraph 216A(1)(a)

Omit "216B", substitute "169".

34 Paragraph 216A(1)(b)

Omit "216C", substitute "170".

35 Paragraph 216A(1)(c)

Omit "216D", substitute "171".

36 Subsection 216A(2)

Omit "Part", substitute "Chapter".

37 Subsection 216D(1) (note)

Omit "216A(2)", substitute "168(2)".

38 Subsection 216F(1)

Omit "Part", substitute "Chapter".

39 Subsection 216F(2)

Omit "Part", substitute "Chapter".

40 Subsection 216F(4)

Omit "216C(3)", substitute "170(3)".

41 Section 216G

Omit "Part" (wherever occurring), substitute "Chapter".

42 Subsection 216H(1)

Omit "Part", substitute "Chapter".

43 Section 216I

Omit "Part" (twice occurring), substitute "Chapter".

44 Paragraph 216J(1)(a)

Omit "Part", substitute "Chapter".

45 Paragraph 216K(2)(a)

Omit "216B", substitute "169".

46 Chapter 3 (heading)

Repeal the heading.

47 Part 3.2 (heading)

Repeal the heading, substitute:

Chapter 2D--Officers 48 Part 3.2A (heading)

Repeal the heading, substitute:

Chapter 2E--Financial benefits to related parties 49 Division 1 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.1--Object and outline of Part 50 Section 243A

Omit "Part", substitute "Chapter".

51 Subsection 243B(1)

Omit "Division 2", substitute "Part 2E.2".

52 Subsection 243B(1)

Omit "Part", substitute "Chapter".

53 Subsection 243B(2)

Omit "Division 3", substitute "Part 2E.3".

54 Subsection 243B(2)

Omit "Part", substitute "Chapter".

55 Subsection 243B(3)

Omit "Division 4", substitute "Part 2E.4".

56 Subsection 243B(3)

Omit "Part", substitute "Chapter".

57 Subsection 243B(4)

Omit "Division 5", substitute "Part 2E.5".

58 Subsection 243B(5)

Omit "Division 6", substitute "Part 2E.6".

59 Subsection 243B(5)

Omit "Part", substitute "Chapter".

60 Division 2 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.2--The meaning of expressions 61 Division 3 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.3--The prohibitions 62 Subsection 243H(1)

Omit "Division 4 or 5", substitute "Part 2E.4 or 2E.5".

63 Subsection 243H(2)

Omit "Division 4 or 5", substitute "Part 2E.4 or 2E.5".

64 Division 4 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.4--General exceptions 65 Subsection 243L(2)

Omit "this Division", substitute "this Part".

66 Subsection 243L(2)

Omit "Division 5", substitute "Part 2E.5".

67 Division 5 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.5--Financial benefits approved by general meeting of public company 68 Subdivision A of Division 5 of Part 3.2A (heading)

Repeal the heading, substitute:

Division 1--Exceptions from the prohibitions 69 Paragraph 243Q(c)

Omit "Subdivision B", substitute "Division 2".

70 Paragraph 243R(1)(c)

Omit "Subdivision B", substitute "Division 2".

71 Subsection 243R(2)

Omit "Division", substitute "Part".

72 Section 243S

Omit "Division", substitute "Part".

73 Subsection 243T(1)

Omit "Division", substitute "Part".

74 Subsection 243T(2)

Omit "this Division" (wherever occurring), substitute "this Part".

75 Section 243T (example)

Omit "Division 4", substitute "Part 2E.4".

76 Subdivision B of Division 5 of Part 3.2A (heading)

Repeal the heading, substitute:

Division 2--Conditions to be satisfied 77 Subsection 243ZD(1)

Omit "Subdivision", substitute "Division".

78 Division 6 of Part 3.2A (heading)

Repeal the heading, substitute:

Part 2E.6--Enforcement 79 Subsection 243ZF(1)

Omit "Division 5", substitute "Part 2E.5".

80 Section 243ZH

Omit "Division 5", substitute "Part 2E.5".

81 Paragraph 243ZI(2)(a)

Omit "Part", substitute "Chapter".

82 Subsection 243ZI(3)

Omit "Part", substitute "Chapter".

83 Subsection 243ZI(4)

Omit "Part" (twice occurring), substitute "Chapter".

84 Part 3.4 (heading)

Repeal the heading.

85 Section 260

Move to Part 2F.1 and renumber as section 246AA.

86 Part 3.5 (heading)

Repeal the heading, substitute:

Chapter 2K--Charges 87 Division 1 of Part 3.5 (heading)

Repeal the heading, substitute:

Part 2K.1--Preliminary 88 Subsection 261(1)

Omit "In this Part", substitute "In this Chapter".

89 Subsection 261(1) (definition of registrable charge )

Omit "Part", substitute "Chapter".

90 Subsection 261(2)

Omit "Part", substitute "Chapter".

91 Subsection 261(4)

Omit "Part", substitute "Chapter".

92 Division 2 of Part 3.5 (heading)

Repeal the heading, substitute:

Part 2K.2--Registration 93 Subsection 262(1)

Omit "Part", substitute "Chapter".

94 Subsection 262(2)

Omit "Part", substitute "Chapter".

95 Subsection 262(8)

Omit "Part", substitute "Chapter".

96 Subsection 262(9)

Omit "Part", substitute "Chapter".

97 Subsection 262(10)

Omit "Part", substitute "Chapter".

98 Subsection 262(11)

Omit "Division", substitute "Part".

99 Subsection 263(3)

Omit "Division 3 of Part 2.2", substitute "Part 5B.1".

100 Subsection 263(3)

Omit "Part 4.1", substitute "Part 5B.2".

101 Subsection 263(3)

Omit "this Division if the body were a Division 3 company, or a body", substitute "this Part if the body were already registered under Part 5B.1, or Part 5B.2".

102 Subsection 265(11)

Omit "Division", substitute "Part".

103 Subsection 265(12)

Omit "Division", substitute "Part".

104 Subsection 265(13)

Omit "Division", substitute "Part".

105 Paragraph 266(1)(e)

Omit "Division 3 of Part 2.2", substitute "Part 5B.1".

106 Paragraph 266(1)(e)

Omit "Part 4.1", substitute "Part 5B.2".

107 Paragraph 266(2)(b)

Omit "Division 3 of Part 2.2", substitute "Part 5B.1".

108 Paragraph 266(2)(b)

Omit "Part 4.1", substitute "Part 5B.2".

109 Subsection 266(4)

Omit "Division", substitute "Part".

110 Subsection 266(5)

Omit "Division", substitute "Part".

111 Subsection 269(1)

Omit "Division", substitute "Part".

112 Subsection 270(4)

Omit "Division", substitute "Part".

113 Subsection 271(1)

Omit "Division" (twice occurring), substitute "Part".

114 Subsection 272(1)

Omit "Division", substitute "Part".

115 Subsection 272(3)

Omit "Division" (twice occurring), substitute "Part".

116 Subsection 272(4)

Omit "Division 2 of Part 3.5 of that Law", substitute "Part 2K.2 of that Law".

117 Subsection 273(1)

Omit "Division", substitute "Part".

118 Paragraph 273(2)(b)

Omit "Division", substitute "Part".

119 Paragraph 273(2)(c)

Omit "Division", substitute "Part".

120 Paragraph 273(3)(b)

Omit "Division", substitute "Part".

121 Paragraph 273(3)(c)

Omit "Division", substitute "Part".

122 Subsection 273(4)

Omit "Part", substitute "Chapter".

123 Subsection 273(4)

Omit "Division", substitute "Part".

124 Subsection 275(1)

Omit "under Division 2 of Part 2.2", substitute "according to section 1362CB".

125 Subsection 275(2)

Omit "the company's registration day, this Part", substitute "1 January 1991, this Chapter".

126 Paragraph 275(2)(c)

Omit "Part", substitute "Chapter".

127 Paragraph 275(2)(d)

Omit "Part", substitute "Chapter".

128 Subsection 275(4)

Omit "the company's registration day", substitute "1 January 1991".

129 Subsection 275(4)

Omit "Division", substitute "Part".

130 Subsection 275(5)

Omit "At the commencement of the company's registration day", substitute "At the beginning of 1 January 1991".

131 Subsection 275A(1)

Repeal the subsection, substitute:

132 Subsection 275A(2)

Omit "This Part", substitute "This Chapter".

133 Paragraph 275A(2)(c)

Omit "Part", substitute "Chapter".

134 Paragraph 275A(2)(d)

Omit "Part", substitute "Chapter".

135 Subsection 275A(4)

Omit "Division", substitute "Part".

136 Section 276

Omit "Where, immediately before a Division 3 company's registration day", substitute "If, immediately before the day on which a body corporate was registered as a company under Part 5B.1, or a previous law of this jurisdiction corresponding to a provision of that Part".

137 Section 276

Omit "this Division", (twice occurring), substitute "this Part".

138 Section 276AA

Omit "Where, immediately before a Division 4 company's registration day:", substitute "If, immediately before the day on which a recognised company was registered as a company under section 1362B or a previous law of this jurisdiction corresponding to that section:".

139 Paragraph 276AA(b)

Omit "Division 2 of Part 3.5 of that Law and was not also registered under this Division", substitute "Part 2K.2 of that Law and was not also registered under this Part".

140 Section 276AA

Omit "the charge under Division 2 of Part 3.5", substitute "the charge under Part 2K.2".

141 Section 276A

Omit "Part 3.5", substitute "Chapter 2K".

142 Section 276A

Omit "purposes of that Part", substitute "purposes of that Chapter".

143 Paragraph 276A(a)

Omit "Part", substitute "Chapter".

144 Paragraph 276A(b)

Omit "Division 2 of Part 4.1", substitute "Division 2 of Part 5B.2".

145 Division 3 of Part 3.5 (heading)

Repeal the heading, substitute:

Part 2K.3--Order of priority 146 Subsection 278(1)

Omit "this Division", substitute "this Part".

147 Subsection 278(1)

Omit "Division 2" (wherever occurring), substitute "Part 2K.2".

148 Subsection 278(2)

Omit "Division", substitute "Part".

149 Subsection 278(3)

Omit "Division", substitute "Part".

150 Subsection 282(1)

Omit "Division", substitute "Part".

151 Subsection 282(2)

Omit "Division", substitute "Part".

152 Subsection 282(3)

Omit "Division", substitute "Part".

153 Paragraph 282(4)(c)

Omit "Division", substitute "Part".

154 Paragraph 282(4)(d)

Omit "Division", substitute "Part".

155 Part 3.7 (heading)

Repeal the heading.

156 Division 1 of Part 3.7 (heading)

Repeal the heading, substitute:

Part 2M.4--Auditor 157 Chapter 4 (heading)

Repeal the heading.

158 Part 4.1

(1) Move to after Part 5B.1.

(2) Renumber the sections of the Part as sections 601CA-601CY.

The following table shows how the renumbering affects individual section numbers:

Old

340

341

342

343

344

345

346

New

601CA

601CB

601CC

601CD

601CE

601CF

601CG

Old

347

348

349

350

351

353

354

New

601CH

601CJ

601CK

601CL

601CM

601CN

601CP

Old

355

356

357

359

360

361

362

New

601CQ

601CR

601CS

601CT

601CU

601CV

601CW

Old

363

364






New

601CX

601CY






(3) Repeal the Part heading, substitute:

Part 5B.2--Registrable bodies 159 Paragraph 341(c)

Omit "242(3)", substitute "242(2)".

160 Paragraph 341(d)

Omit "Part 3.5", substitute "Chapter 2K".

161 Paragraph 341(f)

Omit "359", substitute "601CT".

162 Paragraph 344(e)

Omit "Part 3.5", substitute "Chapter 2K".

163 Paragraph 344(g)

Omit "359", substitute "601CT".

164 Subsection 345(2)

Omit "346", substitute "601CG".

165 Paragraph 346(5)(a)

Omit "347", substitute "601CH".

166 Subsection 353(1)

Omit "351", substitute "601CM".

167 Paragraph 354(a)

Omit "351", substitute "601CM".

168 Paragraph 354(c)

Omit "351", substitute "601CM".

169 Paragraph 355(b)

Omit "351", substitute "601CM".

170 Section 355

Omit "351, 353 and 354", substitute "601CM, 601CN and 601CP".

171 Section 356

Omit "Subsection 216B(2) and sections 216F, 216G and 216J", substitute "Subsection 169(2) and sections 173, 174 and 177".

172 Section 356

Omit "351", substitute "601CM".

173 Section 357

Omit "351", substitute "601CM".

174 Subsection 360(1)

Omit "subsection 358(3)", substitute "section 601DH or 601DJ".

175 Subparagraph 363(1)(b)(i)

Omit "346(1)", substitute "601CG(1)".

176 Subparagraph 363(1)(b)(ii)

Omit "subsection 361(1)", substitute "subsection 601CV(1)".

177 Paragraph 363(2)(a)

Omit "341(e) or 344(g)", substitute "601CB(e) or 601CE(g)".

178 Paragraph 363(2)(b)

Omit "359(3)", substitute "601CT(3)".

179 Paragraph 363(2)(c)

Omit "359(3)", substitute "601CT(3)".

180 Subsection 363(2)

Omit "notice under subsection 359(3)", substitute "notice under subsection 601CT(3)".

181 Section 417

Omit "9.11", substitute "11.2".

182 Section 459B

Omit "260", substitute "246AA".

183 Paragraph 459C(1)(a)

Omit "260", substitute "246AA".

184 Section 467B

Omit "260", substitute "246AA".

185 Section 513A

Omit "260", substitute "246AA".

186 Paragraph 513D(a)

Omit "260", substitute "246AA".

187 Subsection 582(1)

Omit "342 and 350", substitute "601CC and 601CL".

188 Subsection 766D (note)

Omit "216B", substitute "169".

189 Paragraph 1056(1)(c)

Omit "Part 3.5", substitute "Chapter 2K".

190 Subsection 1070(2)

Omit "The provisions of Part 2.5 (other than sections 216E and 216K)", substitute "The provisions of Chapter 2C (other than sections 172 and 178)".

191 Subsection 1083(2) (definition of prescribed provision )

Omit "216A(1)(c)", substitute "168(1)(c)".

192 Paragraph 1085(3)(a)

Omit "216B", substitute "169".

193 Paragraph 1085(3)(b)

Omit "216K", substitute "178".

194 Subparagraph 1274(2)(a)(iaa)

Omit "242(6)", substitute "242AA(3)".

195 After subsection 1311(1)

Insert:

(1A) Paragraphs (1)(a), (b) and (c) only apply to a provision in the following list if a penalty, pecuniary or otherwise, is set out in Schedule 3 immediately under a heading referring to that provision, or to a provision or provisions in which that provision is included:

196 Subsection 1311(3A)

Omit "9.11", substitute "11.2".

197 Paragraphs 1317C(d) and (e)

Omit "342 or 350" (wherever occurring), substitute "601CC or 601CL".

198 Heading to Part 9.11

Repeal the heading, substitute:

Part 11.2--Commencement and application of certain changes to this Law Application of certain changes to this Law 199 Section 1362A

Renumber as section 1362D.



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