Federal Register of Legislation - Australian Government

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Australian Securities Commission Amendment Act 1990

  • - C2004A03972
  • No longer in force
Act No. 41 of 1990 as made
An Act to amend the Australian Securities Commission Act 1989 and the National Companies and Securities Commission Act 1979
Date of Assent 16 Jun 1990
Date of repeal 10 Mar 2016
Repealed by Amending Acts 1990 to 1999 Repeal Act 2016
 

AUSTRALIAN SECURITIES COMMISSION AMENDMENT ACT 1990 No. 41, 1990

AUSTRALIAN SECURITIES COMMISSION AMENDMENT ACT 1990 No. 41 of 1990 - LONG TITLE

An Act to amend the Australian Securities Commission Act 1989 and the
National Companies and Securities Commission Act 1979

AUSTRALIAN SECURITIES COMMISSION AMENDMENT ACT 1990 No. 41 of 1990 - SECT 1
Short title

(Assented to 16 June 1990)
1. This Act may be cited as the Australian Securities Commission Amendment Act 1990.

(Minister's second reading speech in-
House of Representatives on 16 May 1990
Senate on 31 May 1990)

AUSTRALIAN SECURITIES COMMISSION AMENDMENT ACT 1990 No. 41 of 1990 - SECT 2
Commencement

2. This Act commences on a day to be fixed by Proclamation.

AUSTRALIAN SECURITIES COMMISSION AMENDMENT ACT 1990 No. 41 of 1990 - SECT 3
Amendment of Australian Securities Commission Act 1989

3. (1) In this section, "Principal Act" means the Australian Securities Commission Act 1989.*1*

(2) Section 9 of the Principal Act is amended by inserting after subsection (3) the following subsection:

"(3A) Nothing in this Act or any other law prevents a person appointed as a full-time member from holding an appointment as a full-time member of the National Companies and Securities Commission under the National Companies and Securities Commission Act 1979.". *1* No. 90, 1989.

AUSTRALIAN SECURITIES COMMISSION AMENDMENT ACT 1990 No. 41 of 1990 - SECT 4
Amendment of National Companies and Securities Commission Act 1979

4. (1) In this section, "Principal Act" means the National Companies and Securities Commission Act 1979.*2*

(2) Section 11 of the Principal Act is amended by inserting after subsection (3) the following subsection:

"(3A) Nothing in this Act or any other law prevents a person appointed as a full-time member from holding an appointment as a full-time member of the Australian Securities Commission under the Australian Securities Commission Act 1989.". *2* No. 173, 1979, as amended. For previous amendments, see Nos. 1 and 153, 1981; No. 108, 1983; No. 63, 1984; No. 192, 1985; No. 74, 1986; Nos. 6 and 141, 1987; and No. 136, 1988.