Corporations Legislation Amendment (Deregulatory and Other Measures) Act 2015 (Cth)

Corporations Legislation Amendment (Deregulatory and Other Measures) Act 2015

No. 19, 2015

An Act to amend the law relating to corporations, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Amendment of the Corporations Act 2001 Schedule 2—Amendment of the Australian Securities and Investments Commission Act 2001 Part 1—Amendments Part 2—Application provisions

Corporations Legislation Amendment (Deregulatory and Other Measures) Act 2015 No. 19, 2015

An Act to amend the law relating to corporations, and for related purposes

[Assented to 19 March 2015]

The Parliament of Australia enacts:

1 Short title This Act may be cited as the Corporations Legislation Amendment (Deregulatory and Other Measures) Act 2015.

2 Commencement This Act commences on the day this Act receives the Royal Assent.

3 Schedules Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Amendment of the Corporations Act 2001

1 Subsection 249D(1) Omit all the words after "the request", substitute "of members with at least 5% of the votes that may be cast at the general meeting".

2 Subsection 249D(1A) Repeal the subsection.

3 Subparagraph 300A(1)(e)(iv) Repeal the subparagraph, substitute: (iv) if options granted to the person as part of their remuneration lapse during the financial year—the number of those options, and the financial year in which those options were granted; and

4 Subparagraph 300A(1)(e)(vi) Repeal the subparagraph.

5 Subsection 300A(2) Omit "disclosing entity", substitute "listed disclosing entity".

6 At the end of subsection 323D(2A) Add: Note: For the purposes of paragraph (b), financial years that, in reliance on subsection (2) or (4), were less than 12 months are disregarded.