14. December 2010 11:07
Now that the substantive provisions of the Corporations Amendment (No 1) Act 2010 have commenced, amending regulations have been made in support of the new regime.
The Corporations Amendment Regulations 2010 (No 10) make amendments to prescribe improper purposes for the use of information in a copy of the register, and create a new fee structure for obtaining such copies. The explanatory statement is available on Comlaw.
The Australian Securities and Investments Commission Amendment Regulations 2010 (No 5) substitute the definition of “financial service” in reg 2C. Their object is to ensure that ASIC can take action against parties under the investor protection provisions. The explanatory statement is available on Comlaw.