Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Proposed new Australian securities industry copy



Download PDFDownload PDF

PH BACA

DEPARTMENT OF BUSINESS AND CONSUMER AFFAIRS

PROPOSED NEU AUSTRALIAN SECURITIES INDUSTRY CODE 79/158

The M in is te r fo r Business and Consumer A ffa ir s , Mr Ual. F ife , announced today the S e c u ritie s In d u stry B i l l and an explanatory paper on the B i l l are now a v a ila b le to the p u b lic and may be purchased from the A u stra lia n Government P ublishing Service Bookshops in each State c a p ita l.

The M in is te ria l Council fo r Companies and S e c u ritie s announced on 10 November th a t i t had agreed to make the le g is la tio n p u b lic . Comments on the B i l l are requested from the p u b lic by 8 February 1980 and should be forward­ ed to the Corporate A ffa ir s D iv is io n , Department o f Business and Consumer A ffa irs Canberra, A.C.T. 2600.

A fte r consideration o f the comments recieved, a f in a l form o f the B i l l w i l l be d ra fte d and considered by the M in is te ria l C ouncil. I t is expected

th a t the B i l l w i l l be introduced in to the Commonwealth Parliament in the Autumn Session 1980.

' The B i l l w i l l apply new s e c u ritie s in d u s try le g is la tio n to the A u stra lia n

C a p ita l T e rrito ry and w i l l be the substantive le g is la tio n th a t w i l l be applied

in each other ju r is d ic tio n covered by the Formal Agreement on companies and s e c u ritie s to the exclusion o f the present s e c u ritie s in d u stry le g is la tio n .

CANBERRA, A.C.T.

21 November, 1979.