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Corporations Amendment Regulations 2004 (No. 5)

Authoritative Version
  • - F2004B00164
  • No longer in force
SR 2004 No. 145 Regulations as made
These Regulations amend the Corporations Regulations 2001.
Administered by: Treasury
General Comments: This instrument was backcaptured in accordance with Section 36 of the Legislative Instruments Act 2003
Made 24 Jun 2004
Registered 01 Jan 2005
Tabled HR 03 Aug 2004
Tabled Senate 03 Aug 2004
Gazetted 25 Jun 2004
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013
Table of contents.

Corporations Amendment Regulations 2004 (No. 5)1

Statutory Rules 2004 No. 1452

I, PHILIP MICHAEL JEFFERY, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Corporations Act 2001.

Dated 24 June 2004

P. M. JEFFERY

Governor-General

By His Excellency’s Command

HELEN COONAN


Contents

                        1     Name of Regulations                                                       2

                        2     Commencement                                                              2

                        3     Amendment of Corporations Regulations 2001                   2

Schedule 1              Amendments commencing on 1 July 2004                     3

Schedule 2              Amendments commencing on 1 October 2004               5

 


1              Name of Regulations

                These Regulations are the Corporations Amendment Regulations 2004 (No. 5).

2              Commencement

                These Regulations commence as follows:

                (a)    on 1 July 2004 — regulations 1 to 3 and Schedule 1;

               (b)    on 1 October 2004 — regulation 4 and Schedule 2.

3              Amendment of Corporations Regulations 2001

                Schedules 1 and 2 amend the Corporations Regulations 2001.

4              Transitional

                Despite the repeals made by Schedule 2, the provisions repealed continue to have effect in relation to:

                (a)    a child account issued before 1 October 2004; and

               (b)    moneys paid in relation to a child account before 1 October 2004; and

                (c)    a right of return in relation to a child account issued before 1 October 2004.



 

Schedule 1        Amendments commencing on 1 July 2004

(regulation 3)

  

[1]           Subregulation 7.9.01 (1), definition of child contributions

substitute

child contributions means contributions that are made to a regulated superannuation fund or an RSA institution in respect of a child, other than:

                (a)    contributions made in respect of the child by, or on behalf of, an employer of the child; and

               (b)    contributions made by a child in respect of himself or herself.

[2]           Subregulation 7.9.01 (1), after definition of remuneration

insert

RSA institution has the meaning given by section 11 of the RSA Act.

[3]           Paragraph 7.9.12A (1) (d)

omit

child.

insert

child;

[4]           After paragraph 7.9.12A (1) (d)

insert

                (e)    the eligible application is made on or before 31 July 2004;

                (f)    the issue or sale is made on or before 31 August 2004.

[5]           After subregulation 7.9.68A (4)

insert

      (4A)   For subsection 1019B (5A) of the Act, the right of return may only be exercised on or before 30 September 2004.


 

Schedule 2        Amendments commencing on 1 October 2004

(regulation 3)

  

[1]           Subregulation 7.9.01 (1), definitions of child account, child contributions and RSA Institution

omit

[2]           Subparagraph 7.9.04 (1) (a) (i)

omit

[3]           Part 7.9, Division 2, Subdivision 2.6

omit

[4]           Regulations 7.9.12A and 7.9.68A

omit

[5]           Subregulation 7.9.74 (3)

omit

Notes

1.       These Regulations amend Statutory Rules 2001 No. 193, as amended by 2001 Nos. 208, 318 and 319 (rr 7.9.10 and 7.9.11 were disallowed by the Senate on 16 September 2002); 2002 Nos. 15, 16 (rr 7.9.10, 7.9.11 (1), 7.9.11 (1) (a), 7.9.11 (1) (b) and 7.9.11 (2) were disallowed by the Senate on 16 September 2002), 41, 53, 126, 145, 182, 265 and 282; 2003 Nos. 31, 48, 85, 126, 127, 194, 202, 282 (Sch 3, items [1] to [4], [6], [8] and [9] were disallowed by the Senate on 24 March 2004), 367, 368 and 369; 2004 Nos. 10, 25, 26 and 36.

2.       Notified in the Commonwealth of Australia Gazette on 25 June 2004.