Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 10.2.05

  (1)   This regulation applies if:

  (a)   a change is made to the SEGC's operating rules before the FSR commencement; and

  (b)   written notice of the amendment was given in accordance with subsection   928(1) of the old Corporations Act before the FSR commencement; and

  (c)   the period of 28 days in relation to the amendment, mentioned in subsection   928(5) of the old Corporations Act, had not expired before the FSR commencement; and

  (d)   the Minister had not decided, before the FSR commencement, whether to disallow the whole or a specified part of the amendment under subsection   928(5) of the old Corporations Act.

Note:   The period of 28 days in paragraph   (c) is the period in which the Minister may disallow the whole or a specified part of the amendment.

  (2)   On and after the FSR commencement, section   890H of the Act has effect in relation to the amendment as if the amendment were a change to the SEGC's operating rules mentioned in section   890G of the Act.

  (3)   For subregulation   (2):

  (a)   the SEGC is to be treated, under sections   890G and 890H of the Act, as having lodged written notice of the change with ASIC; and

  (b)   ASIC is taken to have complied with its obligations to the Minister under section   890H of the Act; and

  (c)   the Minister is taken to have been given the notice of the change on the day on which written notice of the amendment was given in accordance with subsection   928(1) of the old Corporations Act.