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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 774

ASIC to be notified of amendments to rules

(1) As soon as practicable after:

an amendment is made, by way of rescission, alteration or addition, to the business rules of a securities exchange; or

a securities exchange makes or adopts an amendment, by way of rescission, alteration or addition, to its listing rules;

the securities exchange must lodge written notice of the amendment.

(2) The notice must:

set out the text of the amendment; and

specify the date on which the amendment was made or adopted; and

contain an explanation of the purpose of the amendment.

(3) If no notice is lodged under subsection (1) within 21 days after the amendment is made or adopted, the amendment ceases to have effect. (4) As soon as practicable after receiving a notice, ASIC must send a copy to the Minister. (5) Within 28 days after the receipt of a notice by ASIC under subsection (4), the Minister may disallow the whole or a specified part of the amendment to which the notice relates. (6) As soon as practicable after the whole or a part of an amendment is disallowed under subsection (5), ASIC must give notice of the disallowance to the securities exchange and, upon receipt by the securities exchange of the notice, the amendment, to the extent of the disallowance, ceases to have effect.

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