This legislation has been repealed.
Unless the contrary intention appears:
AASB means the Australian Accounting Standards Board.
Account means the Companies Unclaimed Money Account established by section 71 of the Corporations Act 1989.
accounting standard, means:
whether or not the agreement has any other effect or is capable of being varied or discharged before that future time.
Advisory Committee means the Companies and Securities Advisory Committee established by section 145 of the Australian Securities and Investments Commission Act 1989.
affairs, in relation to a body corporate, has, in the provisions referred to in section 53, a meaning affected by that section.
affidavit includes affirmation.
agency means an agency, authority, body or person.
AGM means an annual general meeting of a company that section 250N requires to be held.
ancillary offence, in relation to another offence, means an offence against:
being an offence that is related to that other offence.
application order means an order under section 111A of the Corporations Law of this jurisdiction.
appoint includes re-appoint.
appropriate dealer for a market bid means a member of the relevant securities exchange.
approved foreign bank, in relation to a member of a futures organisation, means a bank, established by or under the law of a foreign country, in relation to which there is in force an approval given by the futures organisation in accordance with its business rules (within the meaning of Chapter 8).
approved securities organisation means a body corporate in relation to which an approval under section 770 of the Corporations Law of this jurisdiction is in force.
APRA means the Australian Prudential Regulation Authority.
arbitrage transaction means a purchase or sale of securities effected in the ordinary course of trading on a stock market together with an offsetting sale or purchase of those securities effected at the same time, or at as nearly the same time as practicable, in the ordinary course of trading on another stock market for the purpose of obtaining a profit from the difference between the prices of those securities in the 2 stock markets.
ARBN (short for "Australian Registered Body Number") is the number given by ASIC to a registrable body on registration under Part 5B.2.
ARSN (short for "Australian Registered Scheme Number") is the number given by ASIC to a registered scheme on registration (see section 601EB).
arrangement, in Part 5.1, includes a reorganisation of the share capital of a body corporate by the consolidation of shares of different classes, by the division of shares into shares of different classes, or by both of those methods.
ASIC means the Australian Securities and Investments Commission.
ASIC database means so much of the national companies database kept by ASIC as consists of:
but does not include ASIC's document imaging system.
Otherwise a person's associates are determined under sections 10 to 17.
Australia includes the coastal sea of each jurisdiction but does not include an external Territory.
Australian ADI means:
Australian law means a law of the Commonwealth or of a State or Territory.
Australian register of a foreign company means a branch register of members kept under section 601CM.
authorised trustee corporation means a body corporate that is declared by the regulations to be an authorised trustee corporation for the purposes of the provision in which the expression appears.
bank or banker includes, but is not limited to, a body corporate that is an ADI (authorised deposit-taking institution) for the purposes of the Banking Act 1959.
banker's books means:
banning order means:
bidder for a takeover bid means the person who makes or proposes to make, or each of the people who make or propose to make, the offers under the bid (whether personally or by an agent or nominee).
bought position means:
business day means a day that is not a Saturday, a Sunday or a public holiday or bank holiday in the place concerned.
buy-back by a company means the acquisition by the company of shares in itself.
buy-back agreement by a company means an agreement by the company to buy back its own shares (whether the agreement is conditional or not).
calendar month means a period commencing at the beginning of a day of one of the 12 months of the year and ending immediately before the beginning of the corresponding day of the next month or, if there is no such corresponding day, ending at the expiration of the next month.
calendar year means a period of 12 months commencing on 1 January.
Capital Territory means the Australian Capital Territory and the Jervis Bay Territory.
carry on has a meaning affected by Division 3.
cash management trust interest means an interest that:
Chapter 8 right has the meaning given by section 55.
charge means a charge created in any way and includes a mortgage and an agreement to give or execute a charge or mortgage, whether on demand or otherwise.
chargeable matter means any of the following:
civil penalty disqualification has the meaning given by subsection 91(4A).
civil penalty order means any of the following:
client, in relation to a futures broker, means, except in Division 2 of Part 8.3, a person on whose behalf the broker deals, or from whom the broker accepts instructions to deal, in futures contracts.
clients' segregated account, in relation to a person who is a member of a futures organisation, means an account that:
Commission Act means the Australian Securities and Investments Commission Act 1989.
Commission delegate has the same meaning as in the ASC Law of this jurisdiction.
committee of creditors, in relation to a company under administration, means a committee of creditors of the company appointed at a meeting convened under section 436E.
at a particular future time of a particular quantity of a particular commodity for a particular price or for a price to be calculated in a particular manner, whether or not:
company limited by guarantee means a company formed on the principle of having the liability of its members limited to the respective amounts that the members undertake to contribute to the property of the company if it is wound up.
company limited by shares means a company formed on the principle of having the liability of its members limited to the amount (if any) unpaid on the shares respectively held by them.
condition, in relation to a licence, means a condition or restriction to which the licence is subject, or will be subject, as the case requires.
Consolidated Revenue Fund means the Consolidated Revenue Fund of the Commonwealth.
constitution means (depending on the context):
continuous disclosure notice means:
and, for these purposes, securities are not in different classes merely because of a temporary difference in the dividend, or distribution rights, attaching to the securities or because different amounts have been paid up on the securities.
contributing member, in relation to a futures organisation, means:
control day, in relation to a controller of property of a corporation, means:
convertible securities: Securities are convertible into another class of securities if the holder may have the other class of securities issued to them by the exercise of rights attached to those securities. An option may be a convertible security even if it is non-renounceable.
corporation has the meaning given by section 57A.
Corporations Law, in relation to a jurisdiction, has the additional meaning given by section 8A.
corresponding, in relation to a law, has the meaning given by section 58.
corresponding previous law has the meaning given by section 58.
court has the meaning given by section 58AA.
Court has the meaning given by section 58AA.
court of summary jurisdiction means any justice or justices of the peace or other magistrate sitting as a court for the making of summary orders or the summary punishment of offences:
current market bid price for securities covered by a market bid is the price specified in the announcement of the bid as increased or decreased during the offer period.
daily newspaper means a newspaper that is ordinarily published on each day that is a business day in the place where the newspaper is published, whether or not the newspaper is ordinarily published on other days.
date of a takeover bid is:
decision period, in relation to a chargee in relation to a charge on property of a company under administration, means the period beginning on the day when:
and ending at the end of the tenth business day after that day.
deed of company arrangement means a deed of company arrangement executed under Part 5.3A or such a deed as varied and in force from time to time.
de facto spouse, in relation to a person, means an individual of the opposite sex to that person who is living with that person as his or her spouse on a genuine domestic basis although not legally married to that person.
defalcation, in Part 7.9, includes a contravention of subsection 870(3).
defeating condition for a takeover bid means a condition that:
Subparagraph (b)(ii) does not apply merely because the directors act on advice given by the person in the proper performance of functions attaching to the person's professional capacity, or the person's business relationship with the directors or the company or body.
* section 249C (power to call meetings of a company's members)
* subsection 251A(3) (signing minutes of meetings)
* section 205B (notice to ASIC of change of address).
disclosure document for an offer of securities means:
dispose of a futures contract has the meaning given by sections 24, 26, 27 and 28. For the purposes of Chapter 6, a person who has a relevant interest in securities disposes of the securities if, and only if, they cease to have a relevant interest in the securities.
and without limiting the generality of the foregoing, includes any summons, order and other legal process and any notice.
domestic corporation means a corporation that is incorporated or formed in Australia or an external Territory.
ED securities has the meaning given by section 111AD.
eligible applicant, in relation to a corporation, means:
it appears likely, having regard to all relevant circumstances (other than the respective intentions of the person in the sold position, and the person in the bought position, under the relevant agreement), including, without limiting the generality of the foregoing:
eligible securities conduct means conduct in the course of, for the purposes of, or otherwise in connection with:
employee share scheme for a company means a scheme under which shares (or units in shares) in the company or a holding company may be acquired:
is taken to enter into a transaction in relation to the shares or securities. Enter into, in relation to a futures contract, has a meaning affected by subsection 72(2).
estate includes any estate or interest, charge, right, title, claim, demand, lien or incumbrance, at law or in equity.
event includes any happening, circumstance or state of affairs.
examinable affairs, in relation to a corporation means:
exchange member, in relation to a futures exchange, means:
excluded security means:
Executive Council means the Federal Executive Council.
executive officer of a body corporate means a person who is concerned in, or takes part in, the management of the body (regardless of the person's designation and whether or not the person is a director of the body).
exempt body has the meaning given by section 66A.
exempt broker means a person who is an exempt broker by virtue of section 67.
exempt dealer has the meaning given by section 68.
exempt foreign company means a foreign company of a kind referred to in subsection 601CK(8), whether or not Division 2 of Part 5B.2 applies to it.
exempt futures market means a futures market in relation to which a declaration under section 1127 is in force.
exempt investment adviser has the meaning given by section 68.
exempt managed investment scheme interest has the meaning given by section 68A.
exempt public authority means a body corporate that is incorporated within Australia or an external Territory and is:
expert, in relation to a matter, means a person whose profession or reputation gives authority to a statement made by him or her in relation to that matter.
extend, in relation to a period:
extraordinary resolution, in relation to a registered scheme, means a resolution:
Federal Court means the Federal Court of Australia.
fee, in Part 9.10, includes a fee that is a tax.
fidelity fund means:
financial corporation means a financial corporation within the meaning of paragraph 51(20) of the Constitution.
financial records includes:
financial year has the meaning given by section 323D.
find, in the case of a reference to a court finding a person guilty of an offence, has a meaning affected by section 73A.
floating charge includes a charge that conferred a floating security at the time of its creation but has since become a fixed or specific charge.
for, in relation to a fee or tax, includes in respect of.
foreign companies law, in relation to a State, Territory or excluded Territory, means the law, or a previous law, of that State, Territory or excluded Territory relating to foreign companies within the meaning of that law or previous law.
foreign company means:
foreign holder of securities means a holder of the securities whose address, as shown in the register in which details of their holding is recorded, is a place outside Australia and the external Territories.
franchise means an arrangement under which a person earns profits or income by exploiting a right, conferred by the owner of the right, to use a trade mark or design or other intellectual property or the goodwill attached to it in connection with the supply of goods or services. An arrangement is not a franchise if the person engages the owner of the right, or an associate of the owner, to exploit the right on the person's behalf.
fully paid share means a share on which no amount remains unpaid.
function includes a duty.
Fund means the National Guarantee Fund established under section 69 of the Corporations Act 1989.
futures advice business has the meaning given by section 71.
futures adviser means a person who carries on, or 2 or more persons who together carry on, a futures advice business.
futures advisers licence means:
futures contract has the meaning given by section 72.
futures exchange means:
futures licence means a futures brokers licence or a futures advisers licence.
futures licensee means a person who holds a futures licence.
futures market means a market, exchange or other place at which, or a facility by means of which, futures contracts are regularly acquired or disposed of.
futures option means an option or Chapter 8 right to assume, at a specified price or value and within a specified period, a bought position, or a sold position, in relation to an eligible commodity agreement or in relation to an adjustment agreement.
futures organisation means:
futures representative has the meaning given by section 73.
Gazette means the Commonwealth of Australia Gazette.
Gazette notice means a notice published in the Gazette.
general law means the principles and rules of the common law and equity.
Government Printer includes any person printing for the Government of the Commonwealth.
guarantor, in relation to a debenture, means a body that has guaranteed, or has agreed to guarantee, the repayment of any money deposited or lent to the borrower under the debenture.
guilty, in the case of a reference to a court finding a person guilty of an offence, has a meaning affected by section 73A.
half-year has the meaning given by subsection 323D(5).
have, in relation to information, includes be in possession of the information.
highest outside purchase price for a takeover bid is the highest amount paid or payable by the bidder for a security in the bid class under a purchase made outside the bid and during the bid period.
hold, in relation to a person, in relation to a document that is, or purports to be, a copy of a licence, means have in the person's possession.
holding company, in relation to a body corporate, means a body corporate of which the first body corporate is a subsidiary.
included, in relation to an official list, has the meaning given by section 75.
incorporated in Australia, in relation to a body corporate, includes incorporated by or under a law of the Commonwealth, a State or the Capital Territory.
industrial instrument means:
information service means:
inside information, in relation to a futures contract, means information that is not generally available but, if it were generally available, would be likely to affect materially the price for dealing in:
insolvent transaction has the meaning given by section 588FC.
insolvent under administration means a person who:
internal Territory means the Capital Territory or the Northern Territory.
invalid futures authority has the meaning given by subsection 87(2).
invalid securities authority has the meaning given by subsection 88(2).
investment advice business has the meaning given by section 77.
investment adviser means a person who carries on, or 2 or more persons who together carry on, an investment advice business.
investment advisers licence means:
involved, in relation to a contravention, has the meaning given by section 79.
Jervis Bay Territory means the Territory referred to in the Jervis Bay Territory Acceptance Act 1915.
Judge means a judge of the Court.
jurisdiction means a State or the Capital Territory and, in the case of a State, includes the coastal sea of the State.
justice of the peace includes a justice of the peace for a State or part of a State or for a Territory.
land includes messuages, tenements and hereditaments, corporeal and incorporeal, of any tenure or description, and whatever may be the estate or interest therein.
large proprietary company has the meaning given by subsection 45A(3).
law, in relation to a jurisdiction, means, subject to section 58, a law of, or a law in force in, that jurisdiction and, in the case of the Capital Territory, includes, without limitation:
lawyer means a duly qualified legal practitioner and, in relation to a person, means such a practitioner acting for the person.
leave of absence means long service leave, extended leave, recreation leave, annual leave, sick leave or any other form of leave of absence from employment.
linked: the incurring of a debt and a contravention of section 596AB are linked if they are linked under subsection 596AB(4).
liquidating trade means a transaction whereby, for the purpose of closing out a futures contract, the person in the bought position, or sold position, under the futures contract assumes an offsetting sold position, or offsetting bought position, as the case may be, under another futures contract.
liquidator, in Chapters 7 and 8, includes a provisional liquidator.
listed: A company, managed investment scheme or other body is listed if it is included in the official list of a securities exchange.
listed corporation means a body corporate that is included in an official list of a securities exchange (as defined, for the purposes of this definition, by the regulations) in Australia or an external Territory.
listed disclosing entity has the meaning given by subsection 111AL(1).
listing rules, when used in Chapter 7, has the meaning given by section 761.
local agent, in relation to a foreign company, means a person who is a local agent of the foreign company by virtue of subsection 601CG(5).
local corporation means:
local futures exchange means a body corporate in relation to which an approval under section 1126 of the Corporations Law of this jurisdiction is in force.
local securities exchange means a local stock exchange or an approved securities organisation.
local stock exchange means:
machine-copy, in relation to a document, means a copy made of the document by any machine in which, or process by which, an image of the contents of the document is reproduced.
magistrate means a magistrate who is remunerated by salary or otherwise.
managed investment scheme means:
but does not include the following:
managing controller, in relation to property of a corporation, means:
market bid means a takeover bid made under Chapter 6 as a market bid (see section 616).
member organisation means:
minerals means minerals in any form, whether solid, liquefied or gaseous and whether organic or inorganic.
minimum holding buy-back means a buy-back of all of a holder's shares in a listed corporation if the shares are less than a marketable parcel within the meaning of the rules of the relevant securities exchange.
mining purposes means any or all of the following purposes:
whether in Australia or elsewhere, but does not include quarrying operations for the sole purpose of obtaining stone for building, roadmaking or similar purposes.
Ministerial Council means the Ministerial Council for Companies and Securities established by the Agreement made on 22 December 1978 between the Commonwealth and the States a copy of which is set out in the Schedule to the National Companies and Securities Commission Act 1979, being that agreement as amended or affected by any other agreement.
misconduct includes fraud, negligence, default, breach of trust and breach of duty.
modifications includes additions, omissions and substitutions.
money includes a payment order.
month means calendar month.
national business names register means the record or records of information identified by the Minister in a notice under section 70 of the Corporations Act 1989.
national newspaper means a daily newspaper that circulates generally in each State, the Capital Territory and the Northern Territory.
NCSC means the National Companies and Securities Commission.
necessary transfer documents for the transfer of securities to a person means the documents that are sufficient to enable the person to become the holder of the securities.
negotiable instrument, in relation to a body corporate, means:
of, or purporting to be issued or signed by or on behalf of, the body.
no liability company means a company that is registered as, or converts to, a no liability company under this Law.
Note 2: A no liability company must have solely mining purposes and have no contractual right to recover unpaid calls (see subsection 112(2).
non-broker means a person who is neither a futures broker nor one of 2 or more persons who together constitute a futures broker.
non-dealer means a person who is neither a dealer nor one of 2 or more persons who together constitute a dealer.
non-voting share, in relation to a body corporate, means an issued share in the body that is not a voting share in the body.
Northern Territory means the Northern Territory of Australia.
notice includes a circular and an advertisement.
NSEGC means the National Securities Exchanges Guarantee Corporation referred to in a previous law corresponding to Part 7.10.
oath includes affirmation.
of, in relation to securities, means, in the case of interests in a managed investment scheme, made available by.
offence means an offence against a law of the Commonwealth or a State or Territory.
offer information statement means an offer information statement that is lodged with ASIC.
offer period for a takeover bid is the period for which offers under the bid remain open.
office, in relation to the Commission, means an office of the Commission in this jurisdiction or elsewhere.
officer of a corporation means:
official manager means a person appointed as an official manager under Part 5.3.
off-market bid means a takeover bid made under Chapter 6 as an off-market bid (see section 616).
on, in relation to a stock market or futures market, includes at or by means of.
on behalf of includes on the instructions of.
on-market: a transaction of any kind is an on-market transaction if it is effected on a stock market of a securities exchange and is:
option contract, in Chapter 7, means:
other jurisdictions means 2 or more jurisdictions other than this jurisdiction.
outstanding property, in relation to a body corporate that has been dissolved or deregistered, means outstanding property (other than unpaid capital, whether called or uncalled) that was vested in the body, to which it was entitled, or over which it had a disposing power, when it was dissolved or deregistered, but that neither the body nor its liquidator got in, realised on or otherwise disposed of or dealt with.
own account has:
Parliament means the Parliament of the Commonwealth.
Part 5.1 body means:
payment order means a cheque (including a cheque that a bank or other institution draws on itself), bank draft, money order or postal order.
penalty unit means $100.
power includes an authority.
previous Fund means the National Guarantee Fund that was established under subsection 122CA(1) of the Securities Industry Act 1980.
price, in relation to a commodity agreement or a futures contract, or in Chapter 8, includes any amount payable for the delivery of a commodity under an agreement.
printed includes type-written, lithographed or reproduced by any mechanical means.
Proclamation means Proclamation by the Governor-General published in the Gazette.
procure includes cause.
profile statement means a profile statement that is lodged with ASIC.
proper authority has:
proportional takeover approval provisions, in relation to a company, means provisions of the kind referred to in subsection 648D(1) that are contained in, or that it is proposed to insert in, the constitution of the company.
proportional takeover bid means an off-market bid for a specified proportion of the securities in the bid class (see paragraph 618(1)(b)).
proprietary company has the meaning given by subsection 45A(1).
prospectus means a prospectus that is lodged with ASIC.
prove includes establish in any way (for example, but without limitation, through the operation of a presumption for which this Law or any other law of this jurisdiction provides).
providing finance means
qualified accountant means a member of a professional body that is approved by ASIC in writing for the purposes of this definition.
qualified privilege has the meaning given by section 89.
quarter day means 31 March, 30 June, 30 September or 31 December.
quotation, in relation to securities, in relation to a stock market of a securities exchange, or of a stock exchange, within the meaning of the provision where the expression occurs, includes the displaying or providing, on a stock market of the securities exchange or stock exchange, of information concerning:
quoted right has the meaning given by section 1097A.
receiver and manager has a meaning affected by section 90.
recognised company means a body corporate that, because of the definition of company in section 9 of the Corporations Law of another jurisdiction, is a company for the purposes of that section of that Law.
recognised futures exchange means a body corporate that:
redeemable preference share means a preference share in a body corporate that is, or at the body's option is to be, liable to be redeemed.
register means register under this Law.
registered Australian body means:
and, in relation to a body corporate that is not a company, includes a person qualified to act as the body's auditor under the law of the body's incorporation.
registered scheme means a managed investment scheme that is registered under section 601EB.
registrable Australian body means:
but does not include a foreign company.
registrable local body means a registrable Australian body that:
related body corporate, in relation to a body corporate, means a body corporate that is related to the first-mentioned body by virtue of section 50.
related entity, in relation to a body corporate, means any of the following:
relation-back day, in relation to a winding up of a company or Part 5.7 body, means:
relevant agreement means an agreement, arrangement or understanding:
relevant previous law, in relation to a jurisdiction, means:
resolution, in relation to creditors or contributories, means a resolution passed at a meeting of the creditors or contributories.
resolution for voluntary winding up means the special resolution referred to in section 491.
responsible entity of a registered scheme means the company named in ASIC's record of the scheme's registration as the responsible entity or temporary responsible entity of the scheme.
responsible officer means:
revoke, in relation to an accounting standard, means, in the case of a provision of an accounting standard, vary the last-mentioned accounting standard by omitting the provision.
as the case requires.
same kind, in relation to a Chapter 8 agreement, has the meaning given by section 54.
SCH is short for securities clearing house.
SCH business rules means the business rules (within the meaning of Chapter 7) of the securities clearing house.
SCH certificate cancellation provisions means the provisions of the SCH business rules that deal with:
Note 2: For provisions that are relevant to paragraph (b), see subsections 177(4), 1317HA(1A), 1317HB(3) and 1317HD(3) of this Law and subsection 93A(5) of the ASC Law.
SCH-regulated transfer means a transfer (within the meaning of Division 3 of Part 7.13) of a quoted security or a quoted right that, according to the SCH business rules, is an SCH-regulated transfer.
SCH subregister means a subregister of quoted securities or quoted rights maintained by the SCH under the SCH business rules.
scrip means documents that are, or are documents of title to, securities.
section 513C day, in relation to the administration of a company, has the meaning given by section 513C.
section 770A stock market means a stock market in relation to which an approval under section 770A is in force.
securities has the meaning given by section 92.
securities adviser means a dealer, an investment adviser or a securities representative of a dealer or of an investment adviser.
securities business has the meaning given by section 93.
securities exchange means:
securities licence means a dealers licence or an investment advisers licence.
securities licensee means a person who holds a securities licence.
securities recommendation means a recommendation with respect to securities or a class of securities, whether made expressly or by implication.
securities report means an analysis or report about securities.
securities representative has the meaning given by section 94.
SEGC means a body corporate in relation to which a nomination as the Securities Exchanges Guarantee Corporation is in force under subsection 67(1) of the Corporations Act 1989 or is taken because of subsection 67(5) of that Act to be so in force.
selective buy-back means a buy-back that is none of the following:
small proprietary company has the meaning given by subsection 45A(2).
sold position means:
solvent has the meaning given by subsection 95A(1).
special resolution means:
standardised agreement means a Chapter 8 agreement that is one of 2 or more Chapter 8 agreements each of which is a Chapter 8 agreement of the same kind as the other, or as each of the others, as the case may be.
standard opening hours means 10 am to 12 noon and 2 pm to 4 pm each business day.
State means a State of the Commonwealth and includes the Northern Territory.
State Fair Trading Act means the following Acts for each jurisdiction:
State Fair Trading Acts
New South Wales
Fair Trading Act 1987 (NSW)
Fair Trading Act 1985
Fair Trading Act 1987
Fair Trading Act 1987
Fair Trading Act 1987
Fair Trading Act 1990
Fair Trading Act 1990
Australian Capital Territory
Fair Trading Act 1992
statutory declaration means a declaration made by virtue of any Act of the Commonwealth, of a State or of a Territory authorising a declaration to be made otherwise than in the course of a judicial proceeding.
statutory demand means:
substantial holding: A person has a substantial holding in a body corporate, or listed registered managed investment scheme, if:
suspend, in relation to a licence, includes, except in sections 827 and 1192, make under section 827 or 1192, as the case requires, an order prohibiting the licensee as mentioned in paragraph 827(1)(d) or 1192(1)(d).
swear, in relation to an affidavit, means, in the case of an affirmation, affirm.
takeover bid means an off-market bid or market bid made under Chapter 6.
takeover contract means a contract that results from the acceptance of an offer made under a takeover bid.
target for a takeover bid means the company, listed body or managed investment scheme whose securities are to be acquired under the bid.
target's statement means a target's statement under sections 638 to 640 as supplemented.
Territory means a Territory referred to in section 122 of the Constitution, other than the Northern Territory.
Territory means the Capital Territory or an external Territory.
this jurisdiction includes the coastal sea of this jurisdiction.
this Law has the additional meaning given by sections 8 and 8A.
time-sharing scheme means a scheme, undertaking or enterprise, whether in Australia or elsewhere:
trading floor, in relation to a futures market conducted by a body corporate, means a place or facility that the body maintains or provides for the acquisition or disposal of futures contracts by members of the body, or by such members and other persons.
transaction, in Part 5.7B, in relation to a body corporate or Part 5.7 body, means a transaction to which the body is a party, for example (but without limitation):
and includes such a transaction that has been completed or given effect to, or that has terminated.
ultimate holding company, in relation to a body corporate, means a body corporate that:
unauthorised stock market means a stock market that is not:
but does not include income that the Minister has applied under subsection 1339(3).
underlying securities means:
underwrite includes sub-underwrite.
unfair loan has the meaning given by section 588FD.
unfair preference has the meaning given by section 588FA.
unit, in relation to a share, debenture or other interest, means a right or interest, whether legal or equitable, in the share, debenture or other interest, by whatever term called, and includes an option to acquire such a right or interest in the share, debenture or other interest.
unlimited company means a company whose members have no limit placed on their liability.
unlisted disclosing entity has the meaning given by subsection 111AL(2).
unsecured, in relation to a debt, has in Part 5.7B a meaning affected by section 588D.
value, in relation to an asset, includes amount.
voting interest, in relation to a managed investment scheme, means an issued interest in the scheme that confers a right to vote, not being a right to vote that is exercisable only in one or more of the following circumstances:
voting share in a body corporate means an issued share in the body that carries any voting rights beyond the following:
wages, in relation to a company, means amounts payable to or in respect of an employee of the company (whether the employee is remunerated by salary, wages, commission or otherwise) under an industrial instrument, including amounts payable by way of allowance or reimbursement but excluding amounts payable in respect of leave of absence.
wholly-owned subsidiary, in relation to a body corporate, means a body corporate none of whose members is a person other than:
wound up by the Court includes wound up in insolvency.
writing includes any mode of representing or reproducing words, figures, drawings or symbols in a visible form.
[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]