Commonwealth Numbered Acts

COMPANIES AND SECURITIES LEGISLATION (MISCELLANEOUS AMENDMENTS) ACT 1985 No. 192 of 1985 - SECT 183

183. Section 37 of the Principal Act is amended -
(a) by omitting from sub-section (1) "not the stock market of a stock
exchange" and substituting "neither a stock market of a securities exchange
nor an exempt stock market"; and

   (b)  by inserting after sub-section (1) the following sub-sections:

"(1A) The Ministerial Council may, by instrument in writing, declare that a
specified stock market, or a stock market included in a specified class of
stock markets, is, subject to any specified conditions, an exempt stock market
for the purposes of this Act.

"(1B) Without limiting the matters to which the Ministerial Council may have
regard in considering whether to vary or revoke a declaration in force under
sub-section (1A), the Ministerial Council may, in so considering, have regard
to a breach of a condition specified in the declaration.".