Corporations (Consequential Amendments) Bill 2001


Bill No.19

SynopsisThis Bill forms part of the package of corporations Bills that are necessary to support the new arrangements for a national Corporations Law.

The Bill amends over 100 Acts that contain references to the Corporations Law, or to a previous Corporations Law scheme, or that otherwise need amendment because of the change from a State-based to a Commonwealth-based system of Corporations Law.

The schedule makes amendments that fall into distinct categories-
  • amendment of provisions referring to the Corporations Law, or any part of it, so that they refer in future to the proposed Corporations Act 2001 of the Commonwealth, or the relevant part of it;
  • correction of references to particular provisions of the Corporations Law so that they are read in future as references to the correct provisions of the proposed Corporations Act 2001, which includes amendments consequential to the Commonwealth Corporate Law Economic Reform Program Act 1999;
  • similar amendment and correction in relation to existing references to the Companies (Western Australia) Code and other code Acts;
  • in accordance with part 1.1A of the proposed Corporations Act 2001 of the Commonwealth, provisions - dealing with the interaction between Commonwealth legislation and State provisions - to continue certain existing exemptions, exceptions and exclusions from the operation of the Corporations Law that apply under State law;
  • the re-enactment of provisions in Acts that apply particular provisions of the Corporations Law as if they were part of those Acts so that the provisions continue to apply as State law; and
  • other miscellaneous adjustments necessary for the new corporations scheme.

StatusAssented to 06/28/2001
Royal Assent given 28 Jun 2001 as Act No. 10 of 2001. Different sections of this Act come into operation on Royal Assent and Proclamation. For details refer to Commencement Clause of the Bill (see also Assent and Commencement information for Acts)

Current Bill

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Inactive hide details for Previous Versions of this BillPrevious Versions of this Bill




Progress

Legislative Assembly DateNote No.Related Documents
First Reading 06/26/2001  
Second Reading 06/26/2001  
Second Reading Speech   
Second Reading Agreed 06/27/2001  
Third Reading 06/27/2001  


Legislative Council DateNote No.Related Documents
Introduced 05/29/2001  
First Reading 05/29/2001  
Second Reading 05/29/2001 1 
Second Reading Speech   
Second Reading Agreed 06/20/2001  
Committee of the whole 06/21/2001  
Third Reading 06/21/2001  


Other Procedures DateNote No.Related Links
Referred to Standing Committee on Legislation  05/29/2001  


Notes
1. Explanatory memorandum provided.
2. Electronic copies of the following Commonwealth Bills - Corporations Bill 2001 and Australian Securities and Investments Commission Bill 2001 can be viewed on www.aph.gov.au/parlinfo/billsnet/main.htm.