Commonwealth Numbered Acts

COMPANIES AND SECURITIES LEGISLATION (MISCELLANEOUS AMENDMENTS) ACT 1985 No. 192 of 1985 - SECT 113

113. Section 509 of the Principal Act is amended -

   (a)  by omitting from sub-section (1) "(other than a banking corporation)";

   (b)  by inserting in paragraph (1)(a) ", except in the case of a recognised
company or recognised foreign company that is a banking corporation," after "
company and";
(c) by inserting in paragraph (1) (b) "(other than a banking corporation)"
after "foreign company";

   (d)  by omitting from sub-section (2) "(other than a banking corporation)";

   (e)  by omitting from sub-section (4) "on the outside of every office or
        place in the Territory in which its business is carried on, in a
        conspicuous position and in letters easily legible" and substituting
        ", in a conspicuous position and in letters easily legible, on the
        outside of the office or place that is its principal office in the
        Territory, and on the outside of every other office or place in the
        Territory at which its business is carried on and that is open and
        accessible to the public";

   (f)  by omitting from paragraph (4) (c) "the principal" and substituting
        "its principal"; and

   (g)  by inserting after sub-section (4) the following sub-section:

"(4A) A recognised company or recognised foreign company that is a banking
corporation shall paint or affix its name, and shall keep its name painted or
affixed, in a conspicuous position and in letters easily legible, on the
outside of the office or place that is its principal office in the Territory,
and on the outside of every other office or place in the Territory at which
its business is carried on and that is open and accessible to the public, and,
if default is made in complying with this sub-section, the recognised company
or recognised foreign company is guilty of an offence.
Penalty: $1,000.".