Professional Documents
Culture Documents
CHAPTER 1--Introductory
PART 1.1----PRELIMINARY
1.
2.
3.
4.
5.
5A.
5B.
5C.
Short title
Commencement
Constitutional basis for this Act
Referring States
General territorial application of Act
Application to the Crown
ASIC has general administration of this Act
Application of the Acts Interpretation Act 1901
PART 1.1A----INTERACTION BETWEEN CORPORATIONS LEGISLATION AND STATE AND TERRITORY LAWS
5D.
5E.
5F.
5G.
5H.
5I.
Coverage of Part
Concurrent operation intended
Corporations legislation does not apply to matters declared by State or Territory law to be an excluded matter
Avoiding direct inconsistency arising between the Corporations legislation and State and Territory laws
Registration of body as company on basis of State or Territory law
Regulations may modify operation of the Corporations legislation to deal with interaction between that legislation and State and Terri
PART 1.2----INTERPRETATION
Division 1--General
6.
7.
9.
9AA.
9A.
9B.
10.
11.
12.
13.
15.
16.
17.
Effect of Division
Associates of bodies corporate
References in Chapters 6 to 6C, and other references relating to voting power and takeovers etc.
References in Chapter 7
General
Exclusions
Associates of composite person that carries on a financial services business
Division 3--Carrying on business
18.
19.
20.
21.
45A.
45B.
Proprietary companies
Small companies limited by guarantee
46.
47.
48.
49.
50.
50AAA.
50AA.
What is a subsidiary
Control of a body corporate's board
Matters to be disregarded
References in this Division to a subsidiary
Related bodies corporate
Associated entities
Control
Meaning
Meaning
Meaning
Meaning
Meaning
Meaning
Meaning
of
of
of
of
of
of
of
Doing acts
Signing
Affairs of a body corporate
Business affairs of a body corporate
Business affairs of a natural person
Business affairs of a partnership
Business affairs of a trust
Classes of shares or interests in managed investment schemes
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57A.
58AA.
58B.
59.
60.
64.
64A.
64B.
65.
66A.
70.
73A.
75.
79.
80.
82.
83.
86.
88A.
88B.
89.
90.
92.
95A.
100.
100A.
101.
102.
102B.
102C.
103.
104.
105.
106.
107.
108.
109.
109X.
Object of Part
Division 2--Definitions
111AB.
111AC.
111AD.
111AE.
111AF.
111AFA.
111AG.
111AH.
111AI.
111AJ.
111AK.
111AL.
111AM.
111AN.
111ANA.
111AO.
111AP.
111AQ.
111AQA.
111AR.
111AS.
111AT.
111AU.
111AV.
111AW.
111AX.
Bodies corporate registered under the Australian Charities and Not-for-profits Commission Act 2012
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111L.
111M.
111N.
111P.
111Q.
Types of companies
Proprietary companies
Minimum of 1 member
Restrictions on size of partnerships and associations
Trade unions cannot be registered
Registered office
ASIC may change address of registered office to a director's address
Company's name must be displayed at registered office etc.
Opening hours of registered office of public company
Change of address of principal place of business
Contact address
PART 2B.6----NAMES
Division 1--Selecting and using a name
147.
148.
149.
150.
151.
152.
153.
154.
155.
156.
157.
157A.
158.
159.
160.
161.
161A.
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167.
167AA.
CHAPTER 2C--Registers
180.
181.
182.
183.
184.
185.
186.
187.
188.
189.
190.
190A.
190B.
191.
192.
193.
194.
195.
196.
197.
Directors liable for debts and other obligations incurred by corporation as trustee
Division 4--Powers
198A.
198B.
198C.
198D.
198E.
198F.
200.
200AA.
200AB.
200A.
200B.
200C.
200D.
200E.
200F.
200G.
200H.
200J.
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201A.
201B.
201D.
201E.
201F.
201G.
201H.
201J.
201K.
201L.
201M.
201N.
201P.
201Q.
201R.
201S.
201T.
201U.
Application of Subdivision
Directors must not set board limit unless proposed limit has been approved by general meeting
Requirements for explanatory statement to members
Records of voting on board limit resolution if poll demanded
Notice of resolution to be lodged
Declaration by court of substantial compliance
Consequences of setting board limit in breach of section 201P
Division 2--Remuneration of directors
202A.
202B.
202C.
203A.
203B.
203C.
203D.
203E.
203F.
Director may resign by giving written notice to company (replaceable rule--see section 135)
Signpost to consequences of disqualification from managing corporations
Removal by members--proprietary companies (replaceable rule--see section 135)
Removal by members--public companies
Director cannot be removed by other directors--public companies
Termination of appointment of managing director (replaceable rule--see section 135)
PART 2D.8----REMUNERATION RECOMMENDATIONS IN RELATION TO KEY MANAGEMENT PERSONNEL FOR DISCLOSING ENTITIES
206K.
206L.
206M.
207.
Purpose
210.
211.
212.
213.
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214.
215.
216.
217.
218.
219.
220.
221.
222.
223.
224.
225.
226.
227.
Related parties
Giving a financial benefit
231.
Membership of a company
CHAPTER 2G--Meetings
Circulating resolutions of companies with more than 1 director (replaceable rule see section 135)
Resolutions and declarations of 1 director proprietary companies
Division 2--Directors' meetings
248C.
248D.
248E.
248F.
248G.
249C.
249CA.
249D.
249E.
249F.
249G.
Calling
Calling
Calling
Failure
Calling
Calling
of
of
of
of
of
of
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249H.
249HA.
249J.
249K.
249L.
249LA.
249M.
249N.
249O.
249P.
Members' resolutions
Company giving notice of members' resolutions
Members' statements to be distributed
Purpose
Time and place for meetings of members
Technology
Quorum (replaceable rule--see section 135)
Chairing meetings of members (replaceable rule--see section 135)
Auditor's right to be heard at general meetings
Adjourned meetings
249X.
249Y.
249Z.
250A.
250B.
250BA.
250BB.
250BC.
250BD.
250C.
250D.
Who can appoint a proxy (replaceable rule for proprietary companies and mandatory rule for public companies--see section 135)
Rights of proxies
Company sending appointment forms or lists of proxies must send to all members
Appointing a proxy
Proxy documents
Proxy documents--listed companies
Proxy vote if appointment specifies way to vote
Transfer of non-chair proxy to chair in certain circumstances
Proxy voting by key management personnel or closely related parties
Validity of proxy vote
Body corporate representative
250N.
250P.
250PAA.
250PAB.
250PA.
250R.
250RA.
250S.
250SA.
250T.
Application
Resolution to hold fresh elections for directors at special meeting to be put to vote at AGM
Consequences of spill resolution being passed
Ensuring there are at least 3 directors after spill meeting
Term of office of director reappointed at spill meeting
Minutes
Disclosure of proxy votes--listed companies
Members' access to minutes
Calling
Calling
Failure
Calling
Calling
of
of
of
of
of
meetings of
meetings of
responsible
meetings of
meetings of
252L.
252M.
252N.
Members' resolutions
Responsible entity giving notice of members' resolutions
Members' statements to be distributed
Division 4--Holding meetings of members
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252P.
252Q.
252R.
252S.
252T.
252U.
252V.
252W.
252X.
252Y.
252Z.
253A.
253B.
253C.
253D.
253E.
253F.
253G.
253H.
253J.
253K.
253L.
253M.
253N.
Minutes
Members' access to minutes
CHAPTER 2H--Shares
Liability on
Calls may be
No liability
No liability
No liability
partly-paid shares
limited to when company is externally-administered
companies--calls on shares
companies--forfeiture and sale of shares for failure to meet call
companies--redemption of forfeited shares
Capitalisation of profits
PART 2H.5----DIVIDENDS
254SA.
254T.
254U.
254V.
254W.
Purpose
Division 1--Reductions in share capital not otherwise authorised by law
256B.
256C.
256D.
256E.
257A.
257B.
257C.
257D.
257E.
257F.
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257G.
257H.
257J.
258A.
258B.
258C.
258D.
258E.
258F.
Unlimited companies
Right to occupy or use real property
Brokerage or commission
Cancellation of forfeited shares
Other share cancellations
Reductions because of lost capital
Financial assistance by a company for acquiring shares in the company or a holding company
Shareholder approval
Exempted financial assistance
Consequences of failing to comply with section 260A
CHAPTER 2L--Debentures
Duties of borrower
General duties
Duty to notify ASIC of information related to trustee
Register relating to trustees for debenture holders
Duty to replace trustee
Duty to inform trustee about security interests
Duty to give trustee and ASIC quarterly reports
Exceptions to borrower's duty to report to trustee and ASIC
How debentures may be described
Offences for failure to comply with statutory duties
Duties of guarantor
General duties
Duty to inform trustee about security interests
Exceptions to guarantor's duty to inform trustee
Offences for failure to comply with statutory duties
PART 2L.4----TRUSTEE
283DA.
283DB.
283DC.
Trustee's duties
Exemptions and indemnifications of trustee from liability
Indemnity
PART 2L.8----COURT
283HA.
283HB.
PART 2M.1----OVERVIEW
285.
285A.
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302.
303.
304.
305.
306.
Disclosing entity must prepare half-year financial report and directors' report
Contents of half-year financial report
Compliance with accounting standards and regulations
True and fair view
Half-year directors' report
Division 3--Audit and auditor's report
307.
307A.
307B.
307C.
308.
309.
310.
311.
312.
313.
Audit
Audit to be conducted in accordance with auditing standards
Audit working papers to be retained for 7 years
Auditor's independence declaration
Auditor's report on annual financial report
Auditor's report on half-year financial report
Auditor's power to obtain information
Reporting to ASIC
Assisting auditor
Special provisions on audit of debenture issuers and guarantors
314.
315.
316.
316A.
317.
318.
323.
323A.
323B.
323C.
323D.
324BA.
324BB.
324BC.
324BD.
324BE.
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324CA.
324CB.
324CC.
324CD.
324CE.
324CF.
324CG.
324CH.
324CI.
324CJ.
324CK.
324CL.
People who are regarded as officers of a company for the purposes of this Division
Division 4--Deliberately disqualifying auditor
324CM.
324DA.
324DAA.
324DAB.
324DAC.
324DAD.
324DB.
324DC.
324DD.
Limited term for eligibility to play significant role in audit of a listed company or listed registered scheme
Directors may extend eligibility term
Requirements for directors to approve extension of eligibility term
Notifications about approval to extend eligibility term
Approval ineffective unless it complies with requirements
Individual's rotation obligation
Audit firm's rotation obligation
Audit company's rotation obligation
Division 6--Appointment, removal and fees of auditors for companies
Subdivision A--Appointment of company auditors
325.
327A.
327B.
327C.
327D.
327E.
327F.
327G.
327H.
327I.
328A.
328B.
329.
330.
331.
331AAA.
331AAB.
331AAC.
331AAD.
331AC.
331AD.
331AE.
Accounting standards
Equity accounting
Auditing standards
Interpretation of accounting and auditing standards
Evidence of text of accounting standard or auditing standard
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342AA.
342AB.
342AC.
342A.
342B.
343.
Review date
Company or responsible entity may change review date
When choice has effect
350.
351.
352.
353.
354.
Interpretation
Administration of compromises etc.
Information as to compromise with creditors
Provisions for facilitating reconstruction and amalgamation of Part 5.1 bodies
Acquisition of shares of shareholders dissenting from scheme or contract approved by majority
Notification of appointment of scheme manager and power of Court to require report
Definitions
Application of Part
Persons not to act as receivers
Court may declare whether controller is validly acting
Liability of controller
Liability of controller under pre-existing agreement about property used by corporation
Powers of receiver
Controller's duty of care in exercising power of sale
Court may authorise managing controller to dispose of property despite prior security interest
Receiver's power to carry on corporation's business during winding up
Managing controller's duties in relation to bank accounts and financial records
Managing controller to report within 2 months about corporation's affairs
Reports by receiver or managing controller
Supervision of controller
Controller may apply to Court
Court's power to fix receiver's remuneration
Controller has qualified privilege in certain cases
Notification of matters relating to controller
Statement that receiver appointed or other controller acting
Officers to report to controller about corporation's affairs
Controller may require reports
Controller may inspect books
Lodging controller's accounts
Property subject to circulating security interest--payment of certain debts to have priority
Enforcing controller's duty to make returns
Court may remove controller for misconduct
Court may remove redundant controller
Effect of sections 434A and 434B
Appointment of 2 or more receivers of property of a corporation
Appointment of 2 or more receivers and managers of property of a corporation
Appointment of 2 or more controllers of property of a corporation
Appointment of 2 or more managing controllers of property of a corporation
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PART 5.3A----ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT
Division 1--Preliminary
435A.
435B.
435C.
Object of Part
Definitions
When administration begins and ends
Division 2--Appointment of administrator and first meeting of creditors
436A.
436B.
436C.
436D.
436DA.
436E.
436F.
436G.
437A.
437B.
437C.
437D.
437E.
437F.
Role of administrator
Administrator acts as company's agent
Powers of other officers suspended
Only administrator can deal with company's property
Order for compensation where officer involved in void transaction
Effect of administration on company's members
439A.
439B.
439C.
440A.
440B.
440D.
440E.
440F.
440G.
440H.
440J.
440JA.
Winding up company
Restrictions on exercise of third party property rights
Stay of proceedings
Administrator not liable in damages for refusing consent
Suspension of enforcement process
Duties of court officer in relation to property of company
Lis pendens taken to exist
Administration not to trigger liability of director or relative under guarantee of company's liability
Property subject to a banker's lien--exemption from this Division
Application of Division
Subdivision B--Property subject to security interests
441AA.
441A.
441B.
441C.
441D.
441E.
441EA.
441EB.
441F.
441G.
441H.
441J.
Scope of Subdivision
Where recovery of property begins before administration
Recovering perishable property
Court may limit powers of receiver etc. in relation to property used by company
Giving a notice under an agreement about property
Division 8--Powers of administrator
442A.
442B.
442C.
442CA.
442CB.
442CC.
442D.
442E.
442F.
443A.
443B.
443BA.
443C.
General debts
Payments for property used or occupied by, or in the possession of, the company
Certain taxation liabilities
Administrator not otherwise liable for company's debts
443D.
443E.
Right of indemnity
Right of indemnity has priority over other debts
Subdivision B--Indemnity
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443F.
444A.
444B.
444C.
444D.
444DA.
444DB.
444E.
444F.
444G.
444GA.
444H.
444J.
445J.
446A.
446B.
446C.
447A.
447B.
447C.
447D.
447E.
447F.
448A.
448B.
448C.
448D.
449A.
449B.
449C.
449CA.
449D.
449E.
450A.
450B.
450C.
450D.
450E.
450F.
Appointment of administrator
Execution of deed of company arrangement
Failure to execute deed of company arrangement
Termination of deed of company arrangement
Notice in public documents etc. of company
Effect of contravention of this Division
Division 17--Miscellaneous
451A.
451B.
451C.
451D.
459E.
459F.
459G.
459H.
459J.
459K.
459L.
459M.
459N.
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459P.
459Q.
459R.
459S.
459T.
Definitions
Division 1--General
465A.
465B.
465C.
466.
467.
467A.
467B.
468.
468A.
469.
470.
Notice of application
Substitution of applicants
Applicant to be given notice of grounds for opposing application
Payment of preliminary costs etc.
Court's powers on hearing application
Effect of defect or irregularity on application under Part 5.4 or 5.4A
Court may order winding up of company that is being wound up voluntarily
Avoidance of dispositions of property, attachments etc.
Effect of winding up on company's members
Application to be lis pendens
Certain notices to be lodged
471.
471A.
471B.
471C.
482.
483.
484.
485.
486.
486A.
486B.
487.
488.
489.
489A.
489B.
489C.
489D.
489E.
Definitions
Division 1--Resolution for winding up
490.
491.
493.
493A.
494.
495.
496.
Liquidators
Duty of liquidator where company turns out to be insolvent
Division 3--Creditors' voluntary winding up
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497.
498.
499.
500.
501.
502.
503.
504.
505.
506.
506A.
507.
508.
509.
510.
511.
Application of Part
Definitions
513A.
513B.
513C.
513D.
514.
515.
516.
517.
518.
519.
520.
521.
522.
523.
524.
526.
527.
528.
529.
Division 2--Contributories
Division 3--Liquidators
530.
530AA.
530A.
530B.
530C.
531.
532.
533.
534.
535.
536.
537.
538.
539.
540.
541.
542.
543.
544.
545.
546.
547.
548.
548A.
549.
550.
551.
552.
Convening of meetings by liquidator for appointment of committee of inspection--company not in pooled group
Convening of meeting for appointment of committee of inspection--pooled group
Proceedings of committee of inspection
Vacancies on committee of inspection
Member of committee not to accept extra benefit
Powers of Court where no committee of inspection
Division 6--Proof and ranking of claims
Subdivision A--Admission to proof of debts and claims
553.
553A.
553AA.
553AB.
553B.
553C.
553D.
553E.
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554.
554A.
554B.
554C.
554D.
554E.
554F.
554G.
554H.
554J.
Application of Subdivision
Proof of debt by secured creditor
Redemption of security interest by liquidator
Amendment of valuation
Repayment of excess
Subsequent realisation of security interest
Subdivision D--Priorities
555.
556.
558.
559.
560.
561.
562.
562A.
563.
563AA.
563A.
563AAA.
563B.
563C.
564.
565.
566.
567.
Undue preference
Effect of floating charge
Liquidator's right to recover in respect of certain transactions
569.
570.
Division 8--Pooling
Subdivision A--Pooling determinations
571.
572.
573.
574.
575.
576.
577.
578.
579.
579A.
579B.
579C.
579D.
Pooling determination
Variation of pooling determination
Lodgment of copy of pooling determination etc.
Eligible unsecured creditors must approve the making or variation of a pooling determination
Members' voluntary winding up--copy of notice etc. to be given to each member of the company
Conduct of meeting
Eligible unsecured creditors may decide to approve the determination or variation
When pooling determination comes into force etc.
Duties of liquidator
Court may vary or terminate pooling determination
Court may cancel or confirm variation
When Court may void or validate pooling determination
Effect of termination or avoidance
579E.
579F.
579G.
579H.
579J.
579K.
579L.
Pooling orders
Variation of pooling orders
Court may make ancillary orders etc.
Variation of ancillary orders etc.
Notice of application for pooling order etc.
Notice of pooling order etc.
Consolidated meetings of creditors
580.
581.
Definitions
Courts to act in aid of each other
Division 9--Co-operation between Australian and foreign courts in external administration matters
Application of Part
Winding up Part 5.7 bodies
Insolvency of Part 5.7 body
Contributories in winding up of Part 5.7 body
Power of Court to stay or restrain proceedings
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588.
PART 5.7B----RECOVERING PROPERTY OR COMPENSATION FOR THE BENEFIT OF CREDITORS OF INSOLVENT COMPANY
Division 1--Preliminary
588C.
588D.
588E.
588F.
Definitions
Secured debt may become unsecured
Presumptions to be made in recovery proceedings
Certain taxation liabilities taken to be debts
588FA.
588FB.
588FC.
588FD.
588FDA.
588FE.
588FF.
588FG.
588FGA.
588FGB.
588FH.
588FI.
588FJ.
Unfair preferences
Uncommercial transactions
Insolvent transactions
Unfair loans to a company
Unreasonable director-related transactions
Voidable transactions
Courts may make orders about voidable transactions
Transaction not voidable as against certain persons
Directors to indemnify Commissioner of Taxation if certain payments set aside
Defences in proceedings under section 588FGA
Liquidator may recover from related entity benefit resulting from insolvent transaction
Creditor who gives up benefit of unfair preference may prove for preferred debt
Circulating security interest created within 6 months before relation-back day
588FK.
588FL.
588FM.
588FN.
588FO.
588FP.
588J.
588K.
588L.
588M.
588N.
588P.
588Q.
588R.
588S.
588T.
588U.
588V.
588W.
588X.
588Y.
588Z.
PART 5.8----OFFENCES
589.
590.
592.
593.
594.
595.
596.
PART 5.9----MISCELLANEOUS
Division 1--Examining a person about a corporation
596A.
Mandatory examination
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596B.
596C.
596D.
596E.
596F.
597.
597A.
597B.
598.
600AA.
600A.
600B.
600C.
600D.
600E.
600F.
600G.
600H.
PART 5A.1----DEREGISTRATION
601.
601AA.
601AB.
601AC.
601AD.
601AE.
601AF.
601AG.
601AH.
Definitions
Deregistration--voluntary
Deregistration--ASIC initiated
Deregistration--following amalgamation or winding up
Effect of deregistration
What the Commonwealth or ASIC does with the property
The Commonwealth's and ASIC's power to fulfil outstanding obligations of deregistered company
Claims against insurers of deregistered company
Reinstatement
Transferring registration
Applying to transfer registration
ASIC makes transfer of registration declaration
ASIC to deregister company
601BM.
601BN.
601BP.
601BQ.
601BR.
601BS.
Definitions
601CA.
601CB.
601CC.
When a registrable Australian body may carry on business in this jurisdiction and outside its place of origin
Application for registration
Cessation of business etc.
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601CR.
601CS.
601CTA.
601CT.
601CU.
601CV.
601CW.
601CX.
601CY.
Reserving a name
Acceptable abbreviations
When a name is available
Registered Australian bodies and registered foreign companies can carry on business with some names only
Using a name and ARBN
Exception to requirement to have ARBN on receipts
Regulations may exempt from requirement to set out information on documents
Notice of name change must be given to ASIC
ASIC's power to direct a registered name be changed
Responsible entity to be public company and hold Australian financial services licence
Responsible entity to operate scheme
Duties of responsible entity
Duties of officers of responsible entity
Duties of employees of responsible entity
Surveillance checks by ASIC
Acquisition of interest in scheme by responsible entity
Liquidator etc. of responsible entity entitled to exercise indemnity rights
Division 2--Changing the responsible entity
601FJ.
601FK.
601FL.
601FM.
601FN.
601FP.
601FQ.
601FR.
601FS.
601FT.
Former responsible entity to hand over books and provide reasonable assistance
Rights, obligations and liabilities of former responsible entity
Effect of change of responsible entity on documents etc. to which former responsible entity is party
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601KA.
601KB.
601KC.
601KD.
601KE.
PART 5C.9----WINDING UP
601NA.
601NB.
601NC.
601ND.
601NE.
601NF.
601NG.
PART 5C.10----DEREGISTRATION
601PA.
601PB.
601PC.
Deregistration--voluntary
Deregistration by ASIC
Reinstatement
PART 5D.1----PRELIMINARY
601RAA.
601RAB.
601RAC.
601RAD.
601RAE.
Definitions
Meaning of trustee company and client of trustee company
Meaning of traditional trustee company services and estate management functions
Meaning of person with a proper interest
Interaction between trustee company provisions and State and Territory laws
601TCA. Fees otherwise than for being the trustee or manager of a charitable trust
601TCB. Additional amount for preparation of returns etc.
Division 4--Fees for being trustee or manager of a charitable trust
Subdivision A--New client charitable trusts
601TDA.
601TDB.
601TDC.
601TDD.
601TDE.
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601VBA.
601VBB.
601VBC.
601VBD.
601VBE.
601VBF.
601VBG.
601VBH.
601VBI.
Transfer determinations
When consent of receiving company is in force
Complementary State or Territory legislation
Minister's power to decide that his or her consent is not required
Determinations may impose conditions
Notice of determination
Certificate of transfer
Notice of certificate
Time and effect of transfer
Substitution of trustee company
Liabilities for breach of trust and other matters not affected by this Part
Division 3--Other matters related to the transfer of estate assets and liabilities
601WCA.
601WCB.
601WCC.
601WCD.
601WCE.
601WCF.
601WCG.
601WCH.
CHAPTER 6--Takeovers
602.
602A.
603.
604.
605.
Purposes of Chapter
Substantial interest concept
Chapter extends to some listed bodies that are not companies
Chapter extends to listed managed investment schemes
Classes of securities
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607.
608.
609.
610.
621.
622.
623.
Consideration offered
Escalation agreements
Collateral benefits not allowed
Division 3--The offer period
624.
Offer period
625.
626.
627.
628.
629.
630.
Conditional offers--general
Maximum acceptance conditions in off-market bids
Discriminatory conditions not allowed for off-market bids
Conditions requiring payments to officers of target not allowed in off-market bids
Conditions turning on bidder's or associate's opinion not allowed in off-market bids
Defeating conditions
636.
637.
638.
639.
640.
641.
642.
643.
644.
645.
646.
647.
Division 4--Updating and correcting the bidder's statement and target's statement
Experts' reports
Subdivision B--Sending documents to holders of securities
648B.
648C.
648D.
648E.
648F.
648G.
648H.
General
Market bids--raising bid price
Market bids--extending the offer period
Division 2--Off-market bids (express variation by bidder)
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650A.
650B.
650C.
650D.
650E.
650F.
650G.
651A.
651B.
651C.
PART 6.8----ACCEPTANCES
653A.
653B.
656A.
656B.
657A.
657B.
657C.
657D.
657E.
657EA.
657EB.
657F.
657G.
657H.
658A.
658B.
658C.
658D.
659A.
659AA.
659B.
659C.
660A.
660B.
662A.
662B.
662C.
Bidder must offer to buy out remaining holders of bid class securities
Bidder to tell remaining holders of their right to be bought out
Right of remaining holder of securities in the bid class to be bought out
Division 3--Compulsory buy-out of convertible securities
663A.
663B.
663C.
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664A.
664AA.
664B.
664C.
664D.
664E.
664F.
664G.
665A.
665B.
665C.
Expert's report
Expert to be nominated
Expert must not be an associate and must disclose prior dealings and relationships
Valuation of securities
670A.
670B.
670C.
670D.
670E.
670F.
Misstatements in, or omissions from, takeover and compulsory acquisition and buy-out documents
Right to recover for loss or damage resulting from contravention
People liable on takeover or compulsory acquisition statement to inform maker about deficiencies in the statement
Defences against prosecutions under subsection 670A(3) and actions under section 670B
Liability for proposing a bid or not carrying through with bid
Defences
CHAPTER 6C--Information about ownership of listed companies and managed investment schemes
671A.
Information about substantial holdings must be given to company, responsible entity and relevant market operator
Civil liability
Disclosure notices
Disclosure by member of relevant interests and instructions
ASIC may pass information on to person who made request
Fee for complying with a direction given by a company or scheme under this Part
Register of information about relevant interests in listed company or listed managed investment scheme
No notice of rights
Civil liability
674.
675.
676.
677.
678.
Continuous disclosure--listed disclosing entity bound by a disclosure requirement in market listing rules
Continuous disclosure--other disclosing entities
Sections 674 and 675--when information is generally available
Sections 674 and 675--material effect on price or value
Application of Criminal Code to offences based on subsection 674(2), 674(5) or 675(2)
CHAPTER 6D--Fundraising
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706.
707.
708.
708AA.
708A.
709.
710.
711.
712.
713.
713A.
713B.
713C.
713D.
713E.
714.
715.
715A.
716.
737.
738.
PART 6D.5----MISCELLANEOUS
742.
PART 7.1----PRELIMINARY
Division 1--Object of Chapter and outline of Chapter
760A.
760B.
Object of Chapter
Outline of Chapter
Division 2--Definitions
761A.
761B.
761C.
761CA.
761D.
761E.
761EA.
761F.
761FA.
761G.
761GA.
761H.
Definitions
Meaning of arrangement--2 or more arrangements that together form a derivative or other financial product
Meaning of carry on a financial services business
Meaning of class and kind of financial products and financial services
Meaning of derivative
Meaning of issued, issuer, acquire and provide in relation to financial products
Meaning of margin lending facility, margin call and associated expressions
Meaning of person--generally includes a partnership
Meaning of person--generally includes multiple trustees
Meaning of retail client and wholesale client
Meaning of retail client--sophisticated investors
References to this Chapter include references to regulations or other instruments made for the purposes of this Chapter
Division 3--What is a financial product
Subdivision A--Preliminary
762A.
762B.
762C.
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763A.
763B.
763C.
763D.
763E.
764A.
765A.
766A.
766B.
766C.
766D.
766E.
767A.
768A.
Definition
791A.
791B.
791C.
791D.
General obligations
Obligation to notify ASIC of certain matters
Giving ASIC information about a listed disclosing entity
Obligation to assist ASIC
Obligation to give ASIC access to market facilities
Annual report
Obligations to notify people about clearing and settlement arrangements in certain circumstances
Change of country by foreign licensee
Making information about compensation arrangements publicly available
Subdivision B--The market's operating rules and procedures
793A.
793B.
793C.
793D.
793E.
794A.
794B.
794C.
794D.
794E.
795A.
795B.
795C.
795D.
795E.
796A.
797A.
797B.
797C.
797D.
797E.
797F.
797G.
Varying licences
Immediate suspension or cancellation
Suspension or cancellation following hearing and report
Effect of suspension
Variation or revocation of suspension
Publication of notice of licence suspension or cancellation
Suspension and cancellation only in accordance with this Subdivision
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798A.
798B.
798C.
798D.
798DA.
798E.
821A.
821B.
821BA.
821C.
821D.
821E.
821F.
General obligations
Obligation to notify ASIC of certain matters
Obligation to notify Reserve Bank of certain matters
Obligation to assist
Obligation to give ASIC access to the facility
Annual report
Change of country by foreign licensee
Subdivision B--The facility's operating rules and procedures
822A.
822B.
822C.
822D.
822E.
823A.
823B.
823C.
823CA.
823D.
823E.
824A.
824B.
824C.
824D.
824E.
825A.
Varying licences
Immediate suspension or cancellation
Suspension or cancellation following hearing and report
Effect of suspension
Variation or revocation of suspension
Publication of notice of licence suspension or cancellation
Suspension and cancellation only in accordance with this Subdivision
Division 4--Other matters
827A.
827B.
827C.
827D.
Scope of Division
Meaning of unacceptable control situation
Acquisitions of shares
Remedial orders
Injunctions
851A.
851B.
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851C.
851D.
851E.
851F.
851G.
851H.
851I.
852A.
852B.
Acquisition of property
Anti-avoidance
Division 2--Individuals who are not fit and proper are disqualified
853A.
853B.
853C.
853D.
853E.
853F.
853G.
Who is disqualified
When an individual is involved in an operator
Declaration by ASIC
Procedure for declaration
Revoking a declaration
Obligations on disqualified individuals
Notification by ASIC
Division 3--Miscellaneous
854A.
854B.
Part does not apply to markets licensed under special provisions about overseas markets
Definitions
881A.
881B.
881C.
881D.
How to get
How to get
Revocation
Minister's
883A.
883B.
883C.
883D.
Division 3 arrangements must generally only be changed in accordance with this Subdivision
Changing Division 3 arrangements--matters required to be dealt with in the compensation rules
Changing Division 3 arrangements--matters not required to be dealt with in the compensation rules
Subdivision D--Are compensation arrangements adequate
885A.
885B.
885C.
885D.
885E.
885F.
885G.
885H.
885I.
885J.
886A.
886B.
887A.
888A.
888B.
888C.
888D.
888E.
888F.
888G.
888H.
888I.
888J.
888K.
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889A.
889B.
889C.
889D.
889E.
889F.
889G.
889H.
889I.
889J.
889K.
890A.
890B.
890C.
890D.
890E.
890F.
890G.
890H.
891A.
891B.
891C.
Payment out of the NGF to prescribed body with arrangements covering clearing and settlement facility support
Markets operated by bodies corporate that become members of the SEGC--regulations may deal with transitional provisions and other matt
Regulations may make different provision in respect of different markets etc.
Division 5--Provisions common to both kinds of compensation arrangements
892A.
892B.
892C.
892D.
892E.
892F.
892G.
892H.
892I.
892J.
892K.
Definitions
How regulated funds are to be kept
Money in regulated funds may be invested
Powers of relevant authority to require production or delivery of documents or statements
Power to require assistance for purpose of dealing with a claim
Relevant authority's right of subrogation if compensation is paid
Excess money in compensation funds
Accounting and reporting for regulated funds
Division 3 arrangements--reporting in situations where compensation does not come out of a regulated fund
Regulations may provide for qualified privilege in respect of certain matters
Risk assessment report
893A.
Division 6--Miscellaneous
901A.
901B.
901C.
901D.
901E.
901F.
901G.
901H.
901J.
901K.
901L.
901M.
902A.
903D.
903E.
903F.
903G.
903H.
903J.
903K.
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904A.
904B.
904C.
904D.
904E.
904F.
904G.
904H.
904J.
904K.
905A.
905B.
905C.
905D.
905E.
905F.
Varying licences
Immediate suspension or cancellation
Suspension or cancellation following hearing and report
Effect of suspension
Variation or revocation of suspension
Publication of notice of licence suspension or cancellation
Suspension and cancellation only in accordance with this Subdivision
Subdivision E--Other matters
905P.
906A.
907A.
907B.
907C.
907D.
907E.
Definitions
Division 2--Requirement to be licensed or authorised
911A.
911B.
911C.
911D.
912A.
912B.
912C.
912CA.
912D.
912E.
912F.
General obligations
Compensation arrangements if financial services provided to persons as retail clients
Direction to provide a statement
Regulations may require information to be provided
Obligation to notify ASIC of certain matters
Surveillance checks by ASIC
Obligation to cite licence number in documents
Division 4--Australian financial services licences
Subdivision A--How to get a licence
913A.
913B.
913C.
914A.
915A.
915B.
915C.
915D.
915E.
915F.
915G.
915H.
915I.
Varying licences
Immediate suspension or cancellation
Suspension or cancellation after offering a hearing
Effect of suspension
Revocation of suspension
Date of effect and publication of cancellation or suspension
Statement of reasons
ASIC may allow licence to continue in effect
Special procedures for APRA-regulated bodies
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915J.
916A.
916B.
916C.
916D.
916E.
916F.
916G.
Application of Division
Responsibility if representative of only one licensee
Representatives of multiple licensees
Exception if lack of authority is disclosed to client
Responsibility extends to loss or damage suffered by client
Effect of Division
Division 8--Banning or disqualification of persons from providing financial services
Subdivision A--Banning orders
920A.
920B.
920C.
920D.
920E.
920F.
921A.
922A.
922B.
924A.
925A.
925B.
925C.
925D.
925E.
925F.
925G.
925H.
925I.
Division 12--Miscellaneous
926A.
926B.
941A.
941B.
941C.
941D.
941E.
941F.
Obligation on financial services licensee to give a Financial Services Guide if financial service provided to person as a retail clien
Obligation on authorised representative to give a Financial Services Guide if financial service provided to person as a retail client
Situations in which a Financial Services Guide is not required
Timing of giving Financial Services Guide
Information must be up to date
Obligation to give updated Financial Services Guide
Subdivision B--Content and authorisation of Financial Services Guide
942A.
942B.
942C.
942D.
942DA.
942E.
943A.
943B.
943C.
943D.
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943E.
943F.
944A.
946A.
946AA.
946B.
946C.
947A.
947B.
947C.
947D.
947E.
948A.
949A.
949B.
General advice provided to retail client--obligation to warn client that advice does not take account of client's objectives, financia
Regulations may impose disclosure requirements in certain situations
Division 6--Miscellaneous
951A.
951B.
951C.
952A.
952B.
952C.
952D.
952E.
952F.
952G.
952H.
952I.
952J.
952K.
952L.
952M.
Overview
Definitions
Offence of failing to give a disclosure document or statement
Offence of giving a disclosure document or statement knowing it to be defective
Offence of giving a defective disclosure document or statement (whether or not known to be defective)
Offences of financial services licensee knowingly providing defective disclosure material to an authorised representative
Offences of financial services licensee providing disclosure material to an authorised representative (whether or not known to be defe
Offence of financial services licensee failing to ensure authorised representative gives disclosure documents or statements as require
Offences if a Financial Services Guide (or Supplementary FSG) does not comply with certain requirements
Offence if a Statement of Advice does not comply with certain requirements
Offence if authorised representative gives out unauthorised Financial Services Guide (or Supplementary FSG)
Offences if financial services licensee or authorised representative becomes aware that a Financial Services Guide (or Supplementary F
Offence of unauthorised alteration of Financial Services Guide or Supplementary Financial Services Guide
Subdivision B--Civil liability
953A.
953B.
953C.
Definitions
Civil action for loss or damage
Additional powers of court to make orders
Definitions
No contracting out
Obligations under this Part in addition to other obligations
Division 2--Best interests obligations
Subdivision A--Preliminary
961.
961A.
961B.
961C.
961D.
961E.
961F.
961G.
961H.
961J.
Conflict between client's interests and those of provider, licensee, authorised representative or associates
Subdivision F--Responsibilities of licensees under this Division
961K.
961L.
961M.
961N.
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961P.
Responsible licensee
961Q.
962D.
962E.
962F.
962G.
962H.
962J.
962K.
962L.
962M.
962N.
962P.
962Q.
962R.
962S.
963.
963A.
963B.
963C.
963D.
Conflicted remuneration
Monetary benefit given in certain circumstances not conflicted remuneration
Non-monetary benefit given in certain circumstances not conflicted remuneration
Benefits for employees etc. of ADIs
Subdivision C--Ban on conflicted remuneration
963E.
963F.
963G.
963H.
963J.
963K.
963L.
964.
964A.
Application
Platform operator must not accept volume-based shelf-space fees
Subdivision B--Asset-based fees on borrowed amounts
964B.
964C.
964D.
964E.
964F.
964G.
964H.
Application
Application to a financial services licensee acting as an authorised representative
Financial services licensees must not charge asset-based fees on borrowed amounts
Authorised representatives must not charge asset-based fees on borrowed amounts
What is an asset-based fee?
Meaning of borrowed
When is something reasonably apparent?
965.
Anti-avoidance
Division 6--Anti-avoidance
Division 7--Transition
966.
967.
968.
Transition period
Best interests obligations and remuneration provisions to apply during transition period
Notice to clients in transition period
PART 7.8----OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT D
Division 1--Preliminary
980A.
980B.
981A.
981B.
981C.
981D.
981E.
981F.
981G.
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981H.
982A.
982B.
982C.
982D.
984A.
984B.
985A.
985B.
985C.
985D.
Definitions etc.
Status of amounts paid to financial services licensees in respect of contracts of insurance
Regulations may impose other requirements etc. if financial services licensee is not the insurer
Financial services licensees etc. not to deal in general insurance products from unauthorised insurers etc.
Division 4A--Special provisions relating to margin lending facilities
Subdivision A--Responsible lending conduct for margin lending facilities
985EA.
985E.
985F.
985G.
985H.
985J.
985K.
985L.
985M.
Issue of margin lending facility must not be conditional on agreement to receive communications through agent
Notification of margin calls
Division 5--Obligations to report
986A.
986B.
Reporting in relation to money to which Subdivision A or B of Division 2 applies or property to which Division 3 applies
Reporting in relation to dealings in derivatives
Division 6--Financial records, statements and audit
Subdivision A--Preliminary
987A.
Application of Division
Subdivision B--Financial records of financial services licensees
988A.
988B.
988C.
988D.
988E.
988F.
988G.
989A.
989B.
989C.
989CA.
989D.
990A.
990B.
990C.
990D.
990E.
990F.
990G.
990H.
990I.
990J.
990K.
990L.
992A.
992AA.
992B.
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992C.
993A.
993B.
993C.
993D.
Overview
Offence of failing to pay client money into an account as required
Offence of failing to comply with requirements relating to client money account
Offence of failing to pay loan money into an account as required
Division 9--Enforcement
PART 7.9----FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE, SALE AND PURCHASE OF FINANCIAL PRODUCTS
Division 1--Preliminary
1010A.
1010B.
1010BA.
1010C.
1010D.
1011A.
1011B.
1011C.
1012A. Obligation to give Product Disclosure Statement--personal advice recommending particular financial product
1012B. Obligation to give Product Disclosure Statement--situations related to issue of financial products
1012C. Obligation to give Product Disclosure Statement--offers related to sale of financial products
1012D. Situations in which Product Disclosure Statement is not required
1012DAA.Rights issues for which Product Disclosure Statement is not required
1012DA. Product Disclosure Statement not required for sale amounting to indirect issue
1012E. Small scale offerings of managed investment and other prescribed financial products (20 issues or sales in 12 months)
1012F. Product Disclosure Statement for certain superannuation products may be provided later
1012G. Product Disclosure Statement may sometimes be provided later
1012H. Obligation to take reasonable steps to ensure that Product Disclosure Statement is given to person electing to be covered by group fin
1012I. Obligation to give employer a Product Disclosure Statement in relation to certain superannuation products and RSA products
1012IA. Treatment of arrangements under which a person can instruct another person to acquire a financial product
1012J. Information must be up to date
1012K. Anti-avoidance determinations
Subdivision C--Preparation and content of Product Disclosure Statements
1013A.
1013B.
1013C.
1013D.
1013DA.
1013E.
1013F.
1013FA.
1013G.
1013H.
1013I.
1013J.
1013K.
1013L.
1013M.
1014A.
1014B.
1014C.
1014D.
1014E.
1014F.
1014G.
1014H.
1014J.
1014K.
1014L.
1015A.
1015B.
1015C.
1015D.
1015E.
Subdivision applies to Product Disclosure Statements and Supplementary Product Disclosure Statements
Some Statements must be lodged with ASIC
How a Statement is to be given
Notice, retention and access requirements for Statement that does not need to be lodged
Altering a Statement after its preparation and before giving it to a person
Subdivision F--Other rights and obligations related to Product Disclosure Statements
1016A.
1016B.
1016C.
1016D.
1016E.
1016F.
1017A.
1017B.
1017BA.
1017BB.
1017BC.
1017BD.
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1017BE.
1017C.
1017D.
1017DA.
1017E.
1017F.
1017G.
Obligations relating to investment of assets of registrable superannuation entities--giving notice to acquirers under custodial arrang
Information for existing holders of superannuation products and RSA products
Periodic statements for retail clients for financial products that have an investment component
Trustees of superannuation entities--regulations may specify additional obligations to provide information
Dealing with money received for financial product before the product is issued
Confirming transactions
Certain product issuers and regulated persons must meet appropriate dispute resolution requirements
Division 4--Advertising for financial products
1018A.
1018B.
Advertising or other promotional material for financial product must refer to Product Disclosure Statement
Prohibition on advertising personal offers covered by section 1012E
Division 5--Cooling-off periods
1019A.
1019B.
1019C.
1019D.
1019E.
1019F.
1019G.
1019H.
1019I.
1019J.
1019K.
Definitions
Offers to which this Division applies
How offers are to be made
Prohibition on inviting offers to sell
Duration and withdrawal of offers
Terms of offer cannot be varied
Contents of offer document
Obligation to update market value
Rights if requirements of Division not complied with
Division 5B--Disclosure etc
1020AA.
1020AB.
1020AC.
1020AD.
1020AE.
1020AF.
Definitions
Seller disclosure
Licensee disclosure
Public disclosure of information
Licensee's obligation to ask seller about short sale
Regulations
Division 5C--Information about CGS depository interests
1020AG.
1020AH.
1020AI.
1020AJ.
1020AK.
1020AL.
1020A.
1020B.
1020D.
1020E.
1020F.
1020G.
Offers etc. relating to certain managed investment schemes not to be made in certain circumstances
Prohibition of certain short sales of securities, managed investment products and certain other financial products
Part cannot be contracted out of
Stop orders by ASIC
Exemptions and modifications by ASIC
Exemptions and modifications by regulations
Division 7--Enforcement
Subdivision A--Offences
1021A.
1021B.
1021C.
1021D.
1021E.
1021F.
1021FA.
1021FB.
1021G.
1021H.
1021I.
1021J.
1021K.
1021L.
1021M.
1021N.
1021NA.
1021NB.
1021NC.
1021O.
1021P.
Overview
Definitions
Offence of failing to give etc. a disclosure document or statement
Offence of preparer of defective disclosure document or statement giving the document or statement knowing it to be defective
Offence of preparer of defective disclosure document or statement giving the document or statement (whether or not known to be defecti
Offence of regulated person (other than preparer) giving disclosure document or statement knowing it to be defective
Paragraph 1012G(3)(a) obligation--offences relating to communication of information
Paragraph 1012G(3)(a) obligation--offences relating to information provided by product issuer for communication by another person
Offence of financial services licensee failing to ensure authorised representative gives etc. disclosure documents or statements as re
Offences if a Product Disclosure Statement (or Supplementary PDS) does not comply with certain requirements
Offence of giving disclosure document or statement that has not been prepared by the appropriate person
Offences if preparer etc. of disclosure document or statement becomes aware that it is defective
Offence of unauthorised alteration of Product Disclosure Statement (or Supplementary PDS)
Offences of giving, or failing to withdraw, consent to inclusion of defective statement
Offences relating to keeping and providing copies of Product Disclosure Statements (or Supplementary PDSs)
Offence of failing to provide additional information requested under section 1017A
Offences relating to obligation to make product dashboard publicly available
Offences relating to obligation to make superannuation investment information publicly available
Offences relating to obligations under sections 1017BC, 1017BD and 1017BE
Offences of issuer or seller of financial product failing to pay money into an account as required
Offences relating to offers to which Division 5A applies
1022A.
1022B.
1022C.
Definitions
Civil action for loss or damage
Additional powers of court to make orders
PART 7.10----MARKET MISCONDUCT AND OTHER PROHIBITED CONDUCT RELATING TO FINANCIAL PRODUCTS AND FINANCIAL SERVICES
Division 1--Preliminary
1040A.
Content of Part
Division 2--The prohibited conduct (other than insider trading prohibitions)
1041A.
1041B.
1041C.
1041D.
1041E.
1041F.
1041G.
Market manipulation
False trading and market rigging--creating a false or misleading appearance of active trading etc.
False trading and market rigging--artificially maintaining etc. trading price
Dissemination of information about illegal transactions
False or misleading statements
Inducing persons to deal
Dishonest conduct
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1041H.
1041I.
1041J.
1041K.
1041L.
1041M.
1041N.
1041O.
1041P.
1041Q.
1041R.
1041S.
Application of Division
Certain concurrent wrongdoers not to have benefit of apportionment
Proportionate liability for apportionable claims
Defendant to notify plaintiff of concurrent wrongdoer of whom defendant aware
Contribution not recoverable from defendant
Subsequent actions
Joining non-party concurrent wrongdoer in the action
Application of Division
Division 3--The insider trading prohibitions
Subdivision A--Preliminary
1042A.
1042B.
1042C.
1042D.
1042E.
1042F.
1042G.
1042H.
Definitions
Application of Division
When information is generally available
When a reasonable person would take information to have a material effect on price or value of Division 3 financial products
Division 3 financial products taken to be able to be traded despite suspensions or section 794D directions
Inciting, inducing or encouraging an act or omission constitutes procuring the omission
Information in possession of officer of body corporate
Information in possession of partner or employee of partnership
Subdivision B--The prohibited conduct
1043A.
1043B.
1043C.
1043D.
1043E.
1043F.
1043G.
1043H.
1043I.
1043J.
1043K.
1043L.
1043M.
1043N.
1043O.
1044A.
1044B.
1045A.
Division 5--Miscellaneous
1071A.
1071B.
1071C.
1071D.
1071E.
1071F.
1071G.
1071H.
1072A.
1072B.
1072C.
1072D.
1072E.
1072F.
1072G.
1072H.
1073A.
1073B.
1073C.
1073D.
1073E.
1073F.
1074A.
1074B.
1074C.
1074D.
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1074E.
1074F.
1074G.
1075A.
PART 7.12----MISCELLANEOUS
Division 1--Qualified privilege
1100A.
1100B.
1100C.
1100D.
Qualified
Qualified
Qualified
Extension
PART 8.1----PRELIMINARY
1200A.
Definitions
1200F.
1200G.
1200H.
1200J.
Offering conditions
Address for service condition
Dispute resolution condition
1200N.
1200P.
1200Q.
Stop orders
Ban on making subsequent recognised offers
Offence of breaching an ongoing condition
Division 6--Miscellaneous
1200R.
Service of documents
Notice to ASIC
Extension of this Act to recognised jurisdictions
ASIC stop order for advertising in a recognised jurisdiction
CHAPTER 9--Miscellaneous
Registers
Register of disqualified company directors and other officers
Obtaining information from certain registers
Use, in court proceedings, of information from ASIC's national database
ASIC certificate
Relodging of lost registered documents
Definitions
Division 2--Registration
1279.
1280.
1280A.
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1281.
1282.
1283.
1284.
1285.
1286.
1287.
1287A.
1288.
1289.
1289A.
1299H.
1299I.
1299J.
1299K.
1299L.
1299M.
PART 9.3----BOOKS
1300.
1301.
1303.
1304.
1305.
1306.
1307.
Inspection of books
Location of books on computers
Court may compel compliance
Translations of instruments
Admissibility of books in evidence
Form and evidentiary value of books
Falsification of books
PART 9.4----OFFENCES
Division 1A--Application of the Criminal Code
1308A.
1308.
1309.
1310.
1311.
1312.
1313.
1313A.
1314.
1315.
1316.
1316A.
1317.
Definitions
Applications for review
Excluded decisions
Notice of reviewable decision and review rights
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Definitions
Declarations of contravention
Declaration of contravention is conclusive evidence
Pecuniary penalty orders
Refund orders--contravention of section 962P
Compensation orders--corporation/scheme civil penalty provisions
Compensation orders--financial services civil penalty provisions
Compensation orders--market integrity rules
Who may apply for a declaration or order
Time limit for application for a declaration or order
Civil evidence and procedure rules for declarations of contravention and civil penalty orders
Civil proceedings after criminal proceedings
Criminal proceedings during civil proceedings
Criminal proceedings after civil proceedings
Evidence given in proceedings for penalty not admissible in criminal proceedings
ASIC requiring person to assist
Relief from liability for contravention of civil penalty provision
PART 9.6----PROCEEDINGS
1330.
1331.
1332.
1333.
1335.
1336.
Operation of Division
Subdivision B--Conferral of jurisdiction
1337B.
1337C.
1337D.
1337E.
1337F.
1337G.
1337H.
1337J.
1337K.
1337L.
1337M.
1337N.
1337P.
1337Q.
1337R.
Transfer of proceedings by the Federal Court and State and Territory Supreme Courts
Transfer of proceedings by Family Court and State Family Courts
Transfer of proceedings in lower courts
Further matters for a court to consider when deciding whether to transfer a proceeding
Transfer may be made at any stage
Transfer of documents
Conduct of proceedings
Rights of appearance
Limitation on appeals
Subdivision D--Rules of court
1337S.
1337T.
1337U.
1338A.
1338B.
1338C.
Operation of Division
Jurisdiction of courts
Laws to be applied
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1343A.
PART 9.9----MISCELLANEOUS
1344.
1345A.
1346.
1348.
1349.
1350.
Use of ABN
Minister may delegate prescribed functions and powers under this Act
Non-application of rule against perpetuities to certain schemes
Operation of Life Insurance Act
Privilege against exposure to penalty--disqualification etc.
Compensation for compulsory acquisition
PART 9.10----FEES IMPOSED BY THE CORPORATIONS (FEES) ACT 2001 AND THE CORPORATIONS (REVIEW FEES) ACT 2003
1351.
1354.
1355.
1356.
1359.
1360.
1362.
PART 9.12----REGULATIONS
1363.
1364.
1365.
1366.
1367.
1367A.
1368.
1369.
1369A.
Definitions
Power to make regulations
Scope of particular regulations
Verifying or certifying documents
Documents lodged by an agent
Publication in the prescribed manner
Exemptions from Chapter 6D or 7
Penalty notices
State termination of reference
Object of Part
Definitions
Relationship of Part with State validation Acts
References to things taken or deemed to be the case etc.
Existence of several versions of old corporations legislation does not result in this Part operating to take same thing to be done sev
Penalty units in respect of pre-commencement conduct remain at $100
Ceasing to be a referring State does not affect previous operation of this Part
Division 2--Carrying over registration of companies
1377.
1378.
1379.
1380.
1381.
1382.
1383.
1384.
1384A.
1384B.
1385.
1397.
1398.
1399.
1400.
1401.
1402.
1403.
1404.
1405.
1406.
1407.
1408.
PART 10.2----TRANSITIONAL PROVISIONS RELATING TO THE FINANCIAL SERVICES REFORM ACT 2001
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1410.
Definitions
Subdivision B--Treatment of existing markets
1411.
1412.
1413.
1414.
1415.
1416.
1417.
1418.
1419.
1420.
1421.
1422.
1423.
1424.
1424A.
1425.
1426.
1427.
1428.
1429.
When is a clearing and settlement facility being operated immediately before the FSR commencement?
Treatment of proposed clearing and settlement facilities that have not started to operate by the FSR commencement
Treatment of unregulated clearing and settlement facilities operated by holders of old Corporations Act approvals
Obligation of Minister to grant licences covering main existing facilities
Section 1425 facilities--effect of licences and conditions
Section 1425 facilities--powers for regulations to change how the old and new Corporations Act apply during the transition period
Section 1425 facilities--additional provisions relating to previously unregulated services
Treatment of other clearing and settlement facilities
Subdivision D--Treatment of people who carry on financial services businesses and their representatives
1430.
1431.
1432.
1433.
1434.
1435.
1436.
1436A.
1437.
1438.
1439.
1440.
1441.
1442.
New product disclosure provisions do not apply to existing products during transition period
Offences against new product disclosure provisions--additional element for prosecution to prove if conduct occurs after opting-in and
Continued application of certain provisions of old disclosure regimes during transition period
Certain persons who are not yet covered by Parts 7.6, 7.7 and 7.8 of the amended Corporations Act are required to comply with Part 7.9
Exemptions and modifications by ASIC
1442A.
1442B.
Definitions
Regulations may deal with transitional, saving or application matters
ASIC determinations may deal with transitional, saving or application matters
PART 10.3----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS LEGISLATION AMENDMENT ACT 2003
1447.
1448.
PART 10.4----TRANSITIONAL PROVISIONS RELATING TO THE FINANCIAL SERVICES REFORM AMENDMENT ACT 2003
1449.
1450.
1451.
1452.
Definition
Application of Part 10.2 to Chapter 7 as amended by Schedule 2 to the amending Act
Provisions relating to the scope of the amendments of Chapter 7 made by Schedule 2
Amendments of section 1274
PART 10.5----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATE LAW ECONOMIC REFORM PROGRAM (AUDIT REFORM AND CORPORATE DISCLOSURE) ACT 2004
1453.
1454.
1455.
1456.
1457.
1458.
1459.
1460.
1461.
1462.
1463.
1464.
1465.
1466A.
1466.
1467.
1468.
1469.
1470.
1471.
Definitions
Audit reforms in Schedule 1 to the amending Act (auditing standards and audit working papers retention rules)
Audit reforms in Schedule 1 to the amending Act (adoption of auditing standards made by accounting profession before commencement)
Audit reforms in Schedule 1 to the amending Act (new competency standard provisions)
Audit reforms in Schedule 1 to the amending Act (new annual statement requirements for auditors)
Audit reforms in Schedule 1 to the amending Act (imposition of conditions on existing registration as company auditor)
Audit reforms in Schedule 1 to the amending Act (application of items 62 and 63)
Audit reforms in Schedule 1 to the amending Act (non-audit services disclosure)
Audit reforms in Schedule 1 to the amending Act (auditor appointment)
Audit reforms in Schedule 1 to the amending Act (auditor independence)
Audit reforms in Schedule 1 to the amending Act (auditor rotation)
Audit reforms in Schedule 1 to the amending Act (listed company AGMs)
Schedule 2 to the amending Act (financial reporting)
Schedule 2A to the amending Act (true and fair view)
Schedule 3 to the amending Act (proportionate liability)
Schedule 4 to the amending Act (enforcement)
Schedule 5 to the amending Act (remuneration of directors and executives)
Schedule 6 to the amending Act (continuous disclosure)
Schedule 7 to the amending Act (disclosure rules)
Schedule 8 to the amending Act (shareholder participation and information)
PART 10.8----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (TAKEOVERS) ACT 2007
1478.
PART 10.9----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (INSOLVENCY) ACT 2007
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1479.
1480.
1481.
1482.
1483.
to
to
to
to
the
the
the
the
amending
amending
amending
amending
Act
Act
Act
Act
PART 10.10--TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (SHORT SELLING) ACT 2008
1484.
PART 10.11----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (NO. 1) ACT 2009
1485.
1486.
PART 10.12----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS LEGISLATION AMENDMENT (FINANCIAL SERVICES MODERNISATION) ACT 2009
Division 1--Transitional provisions relating to Schedule 1 to the Corporations Legislation Amendment (Financial Services Modernisation
1487.
1488.
1489.
1490.
1491.
1492.
Definitions
Application of amendments--general
Applications of amendments--application for and grant of licences etc. authorising margin lending financial services
Application of amendments--between 6 and 12 months after commencement
Acquisition of property
Regulations
Division 2--Transitional provisions relating to Schedule 2 to the Corporations Legislation Amendment (Financial Services Modernisation
1493.
1494.
1495.
1496.
Definitions
Transitional provisions relating to limit on control of trustee companies
Transitional provisions relating to the amendments of Chapter 7
General power for regulations to deal with transitional matters
Division 3--Transitional provisions relating to Schedule 3 to the Corporations Legislation Amendment (Financial Services Modernisation
1497.
1498.
Definitions
Application of amendments
PART 10.13----TRANSITIONAL PROVISIONS RELATING TO THE PERSONAL PROPERTY SECURITIES (CORPORATIONS AND OTHER AMENDMENTS) ACT 2009
1499.
1500.
1501.
1501A.
1501B.
1502.
1503.
1504.
1505.
1506.
1507.
1508.
1509.
1510.
Definitions
Charges, liens and pledges--continuation of restriction of references
Charges, liens, pledges and third party property--application
References to the whole or substantially the whole of a company's property
Constructive notice of registrable charges
Repeal of Chapter 2K (charges)--general
Repeal of Chapter 2K (charges)--cessation of requirements in relation to documents or notices
Repeal of Chapter 2K (charges)--application of section 266
Repeal of Chapter 2K (charges)--cessation of company registration requirements
Repeal of Chapter 2K (charges)--priority between registrable charges
New section 440B (restrictions on third party property rights)
New subsection 442CB(1) (administrator's duty of care)
New section 588FP (security interests in favour of an officer of a company etc. void)
Winding up applied for before the commencement time
PART 10.14----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (CORPORATE REPORTING REFORM) ACT 2010
1510A.
1510B.
Definition
Application of Part 1 of Schedule 1 to the amending Act
PART 10.15----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (FINANCIAL MARKET SUPERVISION) ACT 2010
1511.
1512.
1513.
Definition
Application of amendments
Regulations may deal with transitional matters
PART 10.16----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (NO. 1) ACT 2010
1516.
Application of amendments
PART 10.17----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (IMPROVING ACCOUNTABILITY ON DIRECTOR AND EXECUTIVE REMUNERATION)
1517.
1518.
1519.
1520.
1521.
1522.
1523.
1524.
1525.
Application
Application
Application
Application
Application
Application
Application
Application
Application
of
of
of
of
of
of
of
of
of
PART 10.18----TRANSITIONAL AND APPLICATION PROVISIONS RELATING TO THE FUTURE OF FINANCIAL ADVICE MEASURES
Division 1--Provisions relating to the Corporations Amendment (Further Future of Financial Advice Measures) Act 2012
1526.
1527.
1528.
1529.
1530.
1531.
Definitions
Application
Application
Application
Regulations
Application
of
of
of
do
of
1531A.
1531B.
1531C.
1531D.
1531E.
Definitions
Best interests obligation
Renewal notices (opt-in requirement)
Disclosure statements
Conflicted remuneration
Division 2--Provisions relating to the Corporations Amendment (Financial Advice Measures) Act 2016
PART 10.19----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS AMENDMENT (PHOENIXING AND OTHER MEASURES) ACT 2012
1532.
Definition
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1533.
1534.
1535.
PART 10.20----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS LEGISLATION AMENDMENT (AUDIT ENHANCEMENT) ACT 2012
1536.
1537.
Definitions
Application of amendments relating to annual transparency reports
PART 10.21----TRANSITIONAL PROVISION RELATING TO THE CORPORATIONS LEGISLATION AMENDMENT (FINANCIAL REPORTING PANEL) ACT 2012
1538.
PART 10.21A----TRANSITIONAL PROVISIONS RELATING TO THE SUPERANNUATION LEGISLATION AMENDMENT (SERVICE PROVIDERS AND OTHER GOVERNANCE MEASURES)
1538A.
1538B.
PART 10.22----TRANSITIONAL PROVISIONS RELATING TO THE SUPERANNUATION LEGISLATION AMENDMENT (FURTHER MYSUPER AND TRANSPARENCY MEASURES) ACT 201
1539.
1540.
1541.
PART 10.23----TRANSITIONAL PROVISIONS RELATING TO THE CLEAN ENERGY LEGISLATION (CARBON TAX REPEAL) ACT 2014
1542.
1543.
1544.
1545.
1546.
Definition
Transitional--carbon units issued before the designated carbon unit day
Transitional--variation of conditions on Australian financial services licences
Transitional--immediate cancellation of Australian financial services licences
Transitional--statements of reasons for cancellation of Australian financial services licences
PART 10.24----TRANSITIONAL PROVISIONS RELATING TO THE CORPORATIONS LEGISLATION AMENDMENT (DEREGULATORY AND OTHER MEASURES) ACT 2014
1547.
1548.
1549.
Definitions
Application of amendments relating to calling of general meetings
Application of amendments relating to directors' reports for listed companies
SCHEDULE 3 Penalties
SCHEDULE 4 Transfer of financial institutions and friendly societies
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