Companies (Acquisition of Shares) (Application of Laws) Act 1981 (Tas)

Companies (Acquisition of Shares) (Application of Laws) Act 1981

An Act relating to the application of laws to regulate the acquisition of shares in companies incorporated in Tasmania and matters connected therewith, to amend the Companies Act 1962 , and for other purposes [Royal Assent 20 May 1981]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1. Short title This Act may be cited as the Companies (Acquisition of Shares) (Application of Laws) Act 1981 .

2. Commencement (1) This section and section 1 shall commence on the date of assent to this Act. (2) Except as provided in subsection (1) , this Act shall commence on such date as may be fixed by proclamation.

3. Interpretation (1) In this Act, unless the contrary intention appears – Agreement means the agreement made on 22nd December 1978 between the Commonwealth and the States in relation to a proposed scheme for the co-operative regulation of companies and the securities industry, or, if that agreement is or has been amended or affected by another agreement, that agreement as so amended or affected; Commission means the National Companies and Securities Commission established by the National Companies and Securities Commission Act 1979 of the Commonwealth; Ministerial Council means the Ministerial Council for Companies and Securities established by the Agreement; Tasmania means the State of Tasmania and its Dependencies; the applied provisions means the provisions applying by reason of sections 4 and 6 ; the Commonwealth Act means the Companies (Acquisition of Shares) Act 1980 of the Commonwealth. (2) In this Act, a reference to a Commonwealth Act shall be construed as including a reference to that Act as amended and in force for the time being and to an Act passed in substitution for that Act.