New South Wales Repealed Regulations

This legislation has been repealed.

SECURITIES INDUSTRY (APPLICATION OF LAWS) REGULATIONS 1989 - REG 7

7 Amendment of Schedule 1 to the Act (clause 16)

Schedule 1 to the Act is amended by omitting clause 16 and by inserting instead the following clause:

16 For section 62S (1) of the Commonwealth Act there were substituted the following sub-section:

(1) This section applies where, immediately before the commencement of section 52 of the Co-operative Scheme Legislation Amendment Act 1989 of the Commonwealth, a person was disqualified, either permanently or for a period, from holding a licence because of:

(a) an order that was made under sub-section 60 (4) of this Code as in force before that commencement, or

(b) an order that was made under section 47 of the Securities Industry Act 1975 , or under a corresponding provision of a previous law or under a provision of a law or a previous law of another State, and the operation of section 60 (5) of this Code as in force before that commencement.