Commonwealth Numbered Acts

COMPANIES AND SECURITIES LEGISLATION (MISCELLANEOUS AMENDMENTS) ACT 1985 No. 192 of 1985 - SECT 122

122. Section 562 of the Principal Act is amended -
(a) by omitting from sub-section (2) "company" and substituting

"corporation"; and

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

"(4A) A person who, immediately before the commencement of section 122 of the
Companies and Securities Legislation (Miscellaneous  Amendments) Act 1985 ,
was subject to a section 562 order made under this section or under a
corresponding provision of a previous law of the Territory shall not be taken
to contravene or fail to comply with the order by reason only that, after that
commencement, the person is concerned in or takes part in the management of, a
body referred to in paragraph 469 (1) (b), not being a corporation.".