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Corporations Legislation Amendment (Simpler Regulatory System) Bill 2007

2004-2005-2006-2007

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Corporations Legislation Amendment (Simpler Regulatory System) Bill 2007

 

No.      , 2007

 

(Treasury)

 

 

 

A Bill for an Act to amend the law relating to corporations, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 2

Schedule 1—Amendments                                                                                                 3

Part 1—Amendments commencing on Royal Assent                                    3

Corporations Act 2001                                                                                                3

Social Security Act 1991                                                                                           50

Veterans’ Entitlements Act 1986                                                                             51

Part 2—Amendments commencing on 1 July 2007                                      52

Corporations Act 2001                                                                                              52

Part 3—Amendments commencing on Proclamation                                  55

Corporations Act 2001                                                                                              55

Income Tax Assessment Act 1936                                                                             60

Part 4—Amendment commencing on 1 July 2008                                        61

Corporations Act 2001                                                                                              61

Part 5—Amendments commencing on 1 January 2009                              62

Corporations Act 2001                                                                                              62

Part 6—Application and saving provisions                                                       63

 



A Bill for an Act to amend the law relating to corporations, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Corporations Legislation Amendment (Simpler Regulatory System) Act 2007 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day on which this Act receives the Royal Assent.

 

2. Schedule 1, Part 1

The day on which this Act receives the Royal Assent.

 

3. Schedule 1, Part 2

1 July 2007.

1 July 2007

4. Schedule 1, Part 3

A day or days to be fixed by Proclamation.

However, if any of the provision(s) do not commence within the period of 6 months beginning on the day on which this Act receives the Royal Assent, they commence on the first day after the end of that period.

 

5. Schedule 1, Part 4

1 July 2008.

1 July 2008

6. Schedule 1, Part 5

1 January 2009.

1 January 2009

7. Schedule 1, Part 6

The day on which this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally passed by both Houses of the Parliament and assented to. It will not be expanded to deal with provisions inserted in this Act after assent.

             (2)  Column 3 of the table contains additional information that is not part of this Act. Information in this column may be added to or edited in any published version of this Act.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.