Commonwealth Numbered Regulations

1991 No. 218 CORPORATIONS REGULATIONS (AMENDMENT) - REG 8

  8.1   Subregulation 7.12.15 (4):
Omit the subregulation, substitute:

"(4) For the purposes of paragraph 1069 (1) (n) of the Corporations Law, the
following covenant is prescribed to bind:

   (a)  a holder of prescribed interests who, in another capacity, may benefit
        if the proposed transaction referred to in paragraph (5) (n) is
        approved at a meeting referred to in that paragraph; and

   (b)  an associate of the holder, being an associate who is the holder of
        prescribed interests; namely, that neither the holder nor the
        associate will vote at the meeting in relation to the approval.".
  8.2   Paragraph 7.12.15 (5) (d):

After "trustee will" insert "instruct the valuer to".
  8.3   Subparagraphs 7.12.15 (5) (g) (i) and (ii):
Omit "less", substitute "more".
  8.4   Paragraph 7.12.15 (6) (f):
Omit "or its associate".
  8.5   Subparagraph 7.12.15 (6) (h) (i):
Omit the subparagraph, substitute:

"(i) is the holder of a dealers licence granted under Part 7.3 of the
Corporations Law or a corresponding law; or".
  8.6   Sub-subparagraph 7.12.15 (6) (h) (v) (a):
Omit the sub-subparagraph, substitute:

"(a) the holder of an investment advisers licence granted under Part 7.3 of
the Corporations Law or a corresponding law; or".
  8.7   Subparagraph 7.12.15 (9) (b) (ii):
Omit the subparagraph, substitute:

"(ii) calling for the retirement of the trustee in relation to the scheme
concerned or the representative of the holders of prescribed interests in
respect of the scheme; or".
  8.8   Subparagraph 7.12.15 (9) (b) (v):
Add at the end "or the representative".