Futures Industry (Application of Laws) Act 1987 (Tas)

Futures Industry (Application of Laws) Act 1987

An Act relating to the futures industry in Tasmania [Royal Assent 15 April 1987]

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:

PART I - Preliminary

1. Short title This Act may be cited as the Futures Industry (Application of Laws) Act 1987 .

2. Commencement (1) This section and section 1 shall commence on the day on which this Act receives the Royal Assent. (2) Except as provided in subsection (1) , this Act shall commence on such day 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, as amended or affected by subsequent agreements; Commission means the National Companies and Securities Commission established by the National Companies and Securities Commission Act 1979 of the Commonwealth; Commissioner for Corporate Affairs means the person holding office as Commissioner for Corporate Affairs under section 4 of the Commissioner for Corporate Affairs Act 1980 and includes any person holding that office in an acting capacity; Ministerial Council means the Ministerial Council for Companies and Securities established by the Agreement; the applied provisions means the provisions applying by reason of sections 5 and 6 ; the Commonwealth Act means the Futures Industry Act 1986 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.