CORPORATIONS REGULATIONS 2001 2001 NO. 193

Commonwealth Numbered Regulations

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CORPORATIONS REGULATIONS 2001 2001 NO. 193

TABLE OF PROVISIONS

PART 1.0--MISCELLANEOUS

1.0.01. Name of Regulations
1.0.01A.Commencement
1.0.02. Interpretation
1.0.03. Approved and prescribed forms
1.0.04. Directions and instructions in forms
1.0.05. Documents and information required by forms
1.0.06. Annexures accompanying forms
1.0.07. General requirements for documents
1.0.08. Information to accompany financial documents lodged for financial years
1.0.09. Information to accompany financial documents etc lodged for half-years
1.0.10. Continuous disclosure notices
1.0.11. Certain documents to be signed by personal representatives etc
1.0.12. Form of notice of resolution
1.0.13. Time for lodging documents
1.0.14. Address of registered office or place of business
1.0.15. Affidavits and statements in writing
1.0.16. Certification and verification of certain documents
1.0.17. Documents signed or sworn in accordance with the rules
1.0.18. Prescribed provisions (Act s 53)
1.0.20. Copies of orders to be lodged
1.0.21. Identification of lodged orders

PART 1.1--PRESCRIBED AMOUNTS

1.1.01. Prescribed amounts

PART 1.2--INTERPRETATION

Division 1--Share ratio contracts

1.2.01. What is a share ratio contract?
1.2.02. Relevant agreements — paragraph 92A (1) (b) of the Act
1.2.03. Application of Chapter 7 of the Act
1.2.04. Application of Division 2A of Part 7.11 of the Act to share ratio contracts
1.2.05. Application of certain provisions of Chapter 7 of the Act to share ratio contracts
1.2.06. Application of Chapters 6D and 7 of the Act
1.2.07. Restrictions on dealers in share ratio contracts
1.2.08. Restrictions on securities licensees in providing investment advice in relation to share ratio contracts
1.2.09. Application of Part 8.3 for certain purposes
1.2.10. Application of Chapter 8 of the Act
1.2.11. Subsection 93 (7) of the Act not to apply in certain circumstances

Division 2--Deliverable bond futures contracts

1.2.12. What is a deliverable bond futures contract?
1.2.13. Prescribed Chapter 8 agreement
1.2.14. Application of Chapters 6D and 7 of the Act
1.2.15. Application of Chapter 8 of the Act
1.2.16. Modification of section 9 of the Act

Division 3--Futures options over deliverable bond futures contracts

1.2.17. What is a futures option over a deliverable bond futures contract?
1.2.18. Prescribed Chapter 8 agreement
1.2.19. Application of Chapters 6D and 7 of the Act
1.2.20. Application of Chapter 8 of the Act

Division 4--Deliverable share futures contracts

1.2.21. What is a deliverable share futures contract?
1.2.22. Prescribed Chapter 8 agreement
1.2.23. Application of Chapters 6D and 7 of the Act
1.2.24. Application of Chapter 8 of the Act
1.2.25. Modification of section 9 of the Act
1.2.26. Modification of subsection 979 (1) of the Act
1.2.27. Modification of Division 1 of Part 8.7 of the Act

Division 5--Futures options over deliverable share futures contracts

1.2.28. What is a futures option over a deliverable share futures contract?
1.2.29. Prescribed Chapter 8 agreement
1.2.30. Application of Chapters 6D and 7 of the Act
1.2.31. Application of Chapter 8 of the Act
1.2.32. Modification of Division 1 of Part 8.7 of the Act

PART 1.2A--DISCLOSING ENTITIES

1.2A.01.Securities declared not to be ED securities
1.2A.02.Foreign companies issuing securities under foreign scrip offers etc exempt from disclosing entity provisions
1.2A.03.Foreign companies issuing securities under employee share scheme exempt from the disclosing entity provisions

PART 2A.1--SIZE OF PARTNERSHIPS OR ASSOCIATIONS (ACT S 115 (2))

2A.1.01.Size of partnerships or associations

PART 2A.2--CHANGE OF PLACE OF REGISTRATION OF COMPANY (ACT S 119A (3))

2A.2.01.Approval of application for change of place of registration
2A.2.02.Special resolution may be set aside by Court order
2A.2.03.Application for change of place of registration
2A.2.04.Change of place of registration

PART 2B.6--NAMES

2B.6.01.Availability of names (Act s 147)
2B.6.02.Consents required for use of certain letters, words and expressions
2B.6.03.Exemptions from requirement to set out name and ACN on certain documents (Act s 155)
2C.1.01.Securities exchange (Act s 170 (3))
2C.1.02.Form of notice (Act s 172 (2))
2D.1.02.Securities exchange (Act s 205G)

PART 2K.2--REGISTRATION

2K.2.01.Lien or charge on crop, wool or stock mortgage that is a registrable security: prescribed law
2K.2.02.Time period for the provisional registration of charges

PART 2M.4--AUDITOR

2M.4.01.Notice of appointment of auditors

PART 2M.6--MODIFICATION OF THE OPERATION OF CHAPTER 2M OF THE ACT

2M.6.01.Modifications (Act s 343)
2M.6.03.Financial reporting — Australian banks and life offices

PART 5.1--ARRANGEMENTS AND RECONSTRUCTIONS

5.1.01. Prescribed information for paragraph 411 (3) (b) and subparagraph 412 (1) (a) (ii) of the Act
5.1.02. Giving notice under subsection 414 (2) or (9) of the Act

PART 5.2--RECEIVERS, AND OTHER CONTROLLERS, OF CORPORATIONS

5.2.001.Controller's notice to owner or lessor of property — how given
5.2.01. Certified copies of reports

PART 5.3A--ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT

5.3A.01.Administrator's notice of ending of administration
5.3A.02.Administrator to specify voidable transactions in statement
5.3A.03.Administrator to lodge notice of appointment
5.3A.04.Notice of change of administrator's address
5.3A.05.Administrator's notice to owner or lessor of property — how given
5.3A.06.Provisions included in deed of company arrangement
5.3A.07.Administrator becomes liquidator — additional cases
5.3A.08.Publication of notice of failure to execute instrument of terms of deed
5.3A.09.Publication of notice of termination of deed by creditors

PART 5.4--WINDING UP IN INSOLVENCY

5.4.01. Application to Court for winding up — prescribed agency

PART 5.6--WINDING UP GENERALLY

5.6.01. Matters for entry in liquidator's or provisional liquidator's books
5.6.02. Inspection of books kept under section 531 of the Act
5.6.06. Payment into liquidator's general account
5.6.07. Deposit of securities
5.6.08. Delivery of securities
5.6.09. Special bank account
5.6.10. Payments out of liquidator's general account
5.6.11. Application
5.6.12. Notice of meeting
5.6.13. Proof of notice
5.6.13A.If telephone conference facilities are available
5.6.13B.Persons, or their proxies or attorneys, participating by telephone
5.6.14. Time and place of meeting
5.6.14A.Advertisement of a meeting
5.6.14B.Meetings not convened in accordance with regulations
5.6.15. Costs of convening meetings of creditors etc
5.6.16. Quorum
5.6.17. Chairperson
5.6.18. Adjournment of meeting
5.6.19. Voting on resolutions
5.6.20. Taking a poll
5.6.21. Carrying of resolutions after a poll has been demanded at a meeting of creditors
5.6.22. Carrying of resolution after a poll has been demanded at a meeting of contributories or members
5.6.23. Creditors who may vote
5.6.24. Votes of secured creditors
5.6.26. Admission and rejection of proofs for purposes of voting
5.6.27. Minutes of meeting
5.6.28. Appointment of proxies
5.6.29. Form of proxies
5.6.30. Instruments of proxy
5.6.31. Proxy forms to accompany notice of meetings
5.6.31A.Person may attend and vote by attorney
5.6.32. Liquidator etc may act as proxy
5.6.33. Voting by proxy if financially interested
5.6.34. Liquidator etc may appoint deputy
5.6.36. Time for lodging proxies
5.6.36A.Facsimile copies of proxies
5.6.37. Establishing title to priority
5.6.39. Notice to submit particulars of debt or claim
5.6.40. Preparation of a proof of debt or claim
5.6.41. Disclosure of security
5.6.42. Discounts
5.6.43. Periodical payments
5.6.43A.Debt or claim of uncertain value — appeal to Court
5.6.44. Debt discount rate (Act s 554B)
5.6.45. Employees' wages
5.6.46. Production of bill of exchange and promissory note
5.6.47. Admission of debt or claim without formal proof
5.6.48. Notice to creditors to submit formal proof
5.6.49. Formal proof of debt or claim
5.6.50. Contents of formal proof of debt or claim
5.6.51. Costs of proof
5.6.52. Liquidator to notify receipt of proof of debt or claim
5.6.53. Time for liquidator to deal with proofs
5.6.54. Grounds of rejection and notice to creditor
5.6.55. Revocation or amendment of decision of liquidator
5.6.56. Withdrawal or variation of proof of debt or claim
5.6.57. Oaths
5.6.58. Liquidator to make out provisional list of contributories
5.6.59. Time and place for settlement of list
5.6.60. Settlement of list of contributories
5.6.61. Supplementary list
5.6.62. Notice to contributories
5.6.63. Dividend payable only on admission of a debt or claim
5.6.64. Application of regulations 5.6.37 to 5.6.57
5.6.65. Liquidator to give notice of intention to declare a dividend
5.6.66. Time allowed for dealing with formal proof of debt or claim
5.6.67. Declaration and distribution of dividend
5.6.68. Rights of creditor who has not proved debt before declaration of dividend
5.6.69. Postponement of declaration
5.6.70. Payment of dividend to a person named
5.6.70A.Prescribed rate of interest on debts and claims from relevant date to date of payment
5.6.71. Distribution of surplus in a winding up by the Court
5.6.72. Distribution of surplus as directed
5.6.74. Interpretation: prescribed countries

PART 5B.2--REGISTRABLE BODIES

5B.2.01.Certified copies of certificates of incorporation etc
5B.2.02.Manner of certifying constituent documents
5B.2.03.Manner of sending letters (Act ss 601CC (2) and 601CL (3))
5B.2.04.Manner of sending notices (Act ss 601CC (3) and 601CL (4))
5B.2.06.Notices (Act s 601CV (1))

PART 5B.3--NAMES OF REGISTRABLE AUSTRALIAN BODIES AND FOREIGN COMPANIES

5B.3.01.Availability of names (Act s 601DC)
5B.3.02.Consents required for use of certain letters, words and expressions
5B.3.03.Exemptions from requirement to set out ARBN etc on certain documents (Act s 601DG)
5B.3.04.Notices (Act s 601DH (1))

PART 5C.1--REGISTRATION OF MANAGED INVESTMENT SCHEMES

5C.1.01.Applying for registration
5C.1.02.Change of name of registered schemes
5C.1.03.Modification (Act s 601QB)

PART 5C.2--THE RESPONSIBLE ENTITY

5C.2.01.Duty of responsible entities' agents — surveillance checks
5C.2.02.Appointment of temporary responsible entities
5C.2.03.Form of notices (Act ss 601FL (2) and 601FM (2))
5C.2.04.Notice of appointment of temporary responsible entities
5C.2.05.Form of notices (Act s 601FP (3))

PART 5C.4--THE COMPLIANCE PLAN

5C.4.01.Agents' authorities to be lodged
5C.4.02.Agents to assist auditors of compliance plans

PART 5C.5--THE COMPLIANCE COMMITTEE

5C.5.01.Responsible entities etc to assist compliance committees

PART 5C.9--WINDING UP

5C.9.01.Notice of commencement of winding up

PART 5C.11--EXEMPTIONS AND MODIFICATIONS

Division 1--Exemptions

5C.11.01.Certain funds not managed investment funds

Division 2--Modifications

5C.11.02.Modifications
5C.11.03.Register of members of registered schemes (Act s 169 (1))
5C.11.04.Names of registered schemes (Act s 601EB (1))
5C.11.05A.Schemes not required to be registered (Act s 601ED)
5C.11.06.Liability of responsible entities (Act s 601FB (4))

PART 6.2--EXCEPTIONS TO THE PROHIBITION

6.2.01. Prescribed circumstances (Act s 611)
6.2.02. Other prescribed circumstances (Act s 611)

PART 6.10--REVIEW AND INTERVENTION

6.10.01.Application for review of Panel decision (Act s 657EA)

PART 6D.2--DISCLOSURE TO INVESTORS ABOUT SECURITIES

6D.2.01.Exemption — member shares
6D.2.02.Exemption — foreign companies

PART 7.1--INTERPRETATION

7.1.01. Definition of authorised trustee corporation
7.1.03. Option contract — prescribed indexes

PART 7.2--SECURITIES EXCHANGES

7.2.01. Securities Exchanges — information exempt from lodgement requirements
7.2.02. Compliance monitoring — section 770A stock markets

PART 7.3--PARTICIPANTS IN THE SECURITIES INDUSTRY

7.3.01. Licensee to notify events adversely affecting financial position
7.3.01A.Exemptions from Chapter 7 of the Act
7.3.01B.Exemptions from Chapter 7 of the Act — dealings by the Exchange or OCH
7.3.02. Conditions to which licences are subject
7.3.02B.Licence conditions — investment advice to retail investors
7.3.02C.Licence conditions — personal securities recommendations to retail investors
7.3.02D.Licence conditions — general securities advice to investor or prospective investor
7.3.03. Amount of security
7.3.04. Application of security under subsection 786 (9) of the Act
7.3.05. Prescribed form: s 790 of the Act
7.3.06. Discharge, return or release of security
7.3.07. Effect of discharge of security
7.3.08. Register of holders of proper authorities: prescribed information
7.3.09. Licensees to notify Commission of location and contents of registers
7.3.10. Exemptions from licensing for lenders etc
7.3.10A.Exemption from licensing — certain dealings
7.3.11. Exemption from licensing — managed investment schemes
7.3.12. Exemption from licensing — dealings in own securities and sub-underwriting
7.3.13. Exemptions from licensing — superannuation schemes, life offices and friendly societies
7.3.13A.Action by representatives of certain friendly societies
7.3.13B.Friendly society dealing in interests in friendly society benefit fund
7.3.13C.Authorisation to deal in interests in certain friendly societies
7.3.14. Exemption from licensing etc — Australian ADIs
7.3.14A.Exemptions from licensing
7.3.15. Sale of forfeited shares exempt (Act s 30)
7.3.16. Exemption from Chapter 7 — transactions in option contracts on the NZFOE market (Act s 30)
7.3.17. Application of certain provisions of Act to section 770A stock markets
7.3.18. Supervisors have qualified privilege in certain circumstances

PART 7.4--CONDUCT OF SECURITIES BUSINESS

7.4.01. Exempt dealer
7.4.01A.Exemption from certain requirements in relation to contract notes
7.4.02. Exempt securities and interests
7.4.03. Transactions in prescribed circumstances
7.4.04. Exempted transaction
7.4.04A.Charging brokerage on principal transactions
7.4.05. Exemption from subsection 844 (2) of the Act
7.4.06. Dealings by employees of holders of licences
7.4.07. Exemption of sale of exchange traded options
7.4.08. Exemption of short sale covered by exchange traded options

PART 7.5--DEALER'S ACCOUNT AND AUDIT

7.5.01. Auditor's report

PART 7.6--MONEY AND SCRIP OF DEALER'S CLIENTS

7.6.01. Dealer's trust accounts: exempt

PART 7.7--REGISTERS OF INTERESTS IN SECURITIES

7.7.01. Register of interests in securities
7.7.02. Entry of particulars in Register

PART 7.10--THE NATIONAL GUARANTEE FUND

7.10.01.Prescribed rate of interest: subsection 972 (2) of the Act

PART 7.11--CONDUCT IN RELATION TO SECURITIES

7.11.01.Prohibition of dealings in securities by insiders

PART 7.13--TITLE TO, AND TRANSFER OF, SECURITIES

7.13.01.Details to be included in instruments of transfer
7.13.02.Marketable securities (Act s 1097 (1))
7.13.03.Eligible body: subsection 1097 (1) of the Act

PART 7.14--MISCELLANEOUS

7.14.01.Period for which documents are to be retained
7.14.02.Futures contracts

PART 7.15--NOTIFICATION ABOUT PAYMENT OF LEVIES

7.15.01.Notification about payment of levies

PART 8.1--INTERPRETATION

8.1.01. Exemption from Parts 8.3, 8.4 and 8.5 of the Act
8.1.01A.Exemption of transactions relating to sporting events from Chapter 8 of the Act
8.1.02. Eligible exchange-traded options

PART 8.2--FUTURES EXCHANGES, CLEARING HOUSES AND FUTURES ASSOCIATIONS

8.2.01. Applications for licences in sealed envelopes
8.2.02. Recognised futures exchanges — prescribed bodies corporate
8.2.03. Exemption: Section 1121 and Division 2 of Part 8.2: Comex Clearing Association of New York

PART 8.3--PARTICIPANTS IN THE FUTURES INDUSTRY

8.3.01. Exemption: Divisions 1 and 2 of Part 8.3, sections 1206, 1207 and 1208 and Part 8.5: clearing houses
8.3.02. Exemption: Part 8.3 — certain futures contracts
8.3.03. Conditions of licence: general
8.3.04. Notifying change in particulars
8.3.05. Register of holders of proper authorities: prescribed information
8.3.06. Licensee to notify Commission of location and contents of register

PART 8.4--CONDUCT OF FUTURES BUSINESS

8.4.01. Exemption of certain transactions from subsection 1206 (1) of the Act
8.4.01A.Which futures broker to comply with subsection 1206 (1) of the Act in relation to certain transactions?
8.4.01B.Exemption from certain requirements in relation to contract notes
8.4.02. Waiver of paragraph 1206 (1) (b) of the Act
8.4.03. Exemption of certain transactions from subsection 1207 (1) of the Act
8.4.03A.Which futures broker to comply with subsection 1207 (1) of the Act in relation to certain transactions
8.4.03B.Sending a monthly statement electronically
8.4.04. Exemption of certain transactions from paragraphs 1207 (1) (g) and (h) of the Act

PART 8.6--FIDELITY FUNDS

8.6.01. Fidelity fund — prescribed rate of interest

PART 8.7--OFFENCES

8.7.01. Prescribed particulars in respect of transmission and execution of orders
8.7.02. Futures brokers that are banks — credit to employees to deal in futures contracts
8.7.03. Period for which Commission is required to retain documents

PART 9.1--REGISTERS AND REGISTRATION OF DOCUMENTS

9.1.01. Prescribed registers
9.1.02. Prescribed information

PART 9.2--REGISTRATION OF AUDITORS AND LIQUIDATORS

9.2.01. Prescribed bodies
9.2.02. Prescribed universities
9.2.03. Prescribed institutions
9.2.04. Practical experience in auditing (Act s 1280 (2))
9.2.05. Application of security under subsection 1284 (2) of the Act
9.2.06. Discharge, return or release of security
9.2.07. Effect of discharge of security

PART 9.4--PENALTY NOTICE OFFENCES AND PENALTIES

9.4.01. Prescribed offences (Act s 1313)
9.4.02. Prescribed penalties (Act s 1313)

PART 9.4A--REGISTER AND INDEX

9.4A.01.Definitions for Part 9.4A
9.4A.02.Register and index must be kept up to date: subsection 1306 (4A) of the Act

PART 9.5--DELEGATION OF POWERS AND FUNCTIONS UNDER THE ACT

9.5.01. Prescribed functions (Law s 1345A (1))

PART 10.1--OLD CORPORATIONS REGULATIONS

10.1.01.Repeal of Corporations Regulations 1990
10.1.02.Repeal of Partnerships and Associations Application Order 1999 (No. 1)

PART 12.1--PRELIMINARY

12.1.01.Definitions for Chapter 12
12.1.02.Application of this Chapter to previous governing Codes etc
12.1.03.Interpretation of applied provisions

PART 12.2--TRANSITIONAL MATTERS -- GENERAL

Division 2--Other matters

12.2.08.Lodgment of certain documents with ASIC
12.2.10.Certain appointments of auditors continue
12.2.12.Converted shares

PART 12.4--NOTICE OF MEETINGS OF CERTAIN BODIES CORPORATE

12.4.01.Application of Part
12.4.02.Modification of certain provisions of Act
12.4.03.Members etc may elect to be notified of meetings
12.4.04.Notice of meetings to be published in press
12.4.05.Copies of notices to be displayed
12.4.06.Members may request notice of meetings at any time
12.4.07.Records to be kept about notices

PART 12.5--DETERMINATIONS AND DECLARATIONS IN RELATION TO CERTAIN INSTRUMENTS

12.5.01.Definition for Part 12.5
12.5.02.Application, variation, revocation and modification
12.5.03.Effect of determinations and declarations
12.5.04.Publication of determinations and declarations
12.5.05.When determinations and declarations take effect
12.5.06.Inspection and purchase of copies of instruments

PART 12.6--FINANCIAL REPORTING BY CERTAIN BODIES CORPORATE

12.6.01.Application of Part
12.6.02.Modification of certain provisions of Act
12.6.03.Members etc may elect to receive reports
12.6.04.Copies of reports to be available to members
12.6.05.Records to be kept about notices

PART 12.7--OTHER DISCLOSURE

Division 1--Preliminary

12.7.01.Definitions for Part 12.7
12.7.02.Declarations by ASIC

Division 2--Continued application of certain provisions

12.7.03.Continuation of certain provisions of previous governing Codes
12.7.04.Continuation of ASIC transitional standards
12.7.05.Exemption from, and modification of, certain provisions

PART 12.8--SHARES IN CERTAIN BODIES CORPORATE

Division 1--Preliminary

12.8.02.Application of Part 12.8
12.8.03.What is a member share
12.8.04.Declarations by ASIC

Division 2--Member shares

12.8.05.Notice requirements
12.8.06.Registers of members
12.8.06A.Member shares — liability to pay calls
12.8.07.Disclosure in annual returns
12.8.08.Member shares — numbering and certificates
12.8.09.Member shares — unclaimed property

Division 3--Certain shares in transferring building societies and credit unions

12.8.10.Definitions for Division 3
12.8.11.Transferring building societies may issue shares equivalent to membership shares
12.8.12.Transferring credit unions may issue shares equivalent to withdrawable shares

PART 12.9--WINDING UP AND DEREGISTRATION OF CERTAIN TRANSFERRING FINANCIAL INSTITUTIONS

12.9.01.Application of Part 12.9
12.9.02.Winding up
12.9.03.Deregistration
SCHEDULE 1 List of forms in Schedule 2
SCHEDULE 2 Forms
SCHEDULE 3 Specified offices
SCHEDULE 4 Prescribed amounts
SCHEDULE 5A Financial reporting - Australian banks and life offices
SCHEDULE 6 Availability of names
SCHEDULE 7 Exemptions from requirements to set out certain corporate particulars
SCHEDULE 8 Schemes of arrangement under Part 5.1 of the Act
SCHEDULE 8A Deed of company arrangement - prescribed provisions
SCHEDULE 9 Authorised trustee corporations
SCHEDULE 11 Recognised futures exchanges
SCHEDULE 12 ASIC transitional standards

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