Securities Act (AMP/Ergo Mortgage and Savings Limited) Exemption Notice 1996

  • revoked
  • Securities Act (AMP/Ergo Mortgage and Savings Limited) Exemption Notice 1996: revoked, on 21 September 2007, by clause 4(b) of the Securities Act (Extension of Term, Amendment, and Revocation of Certain Exemptions) Exemption Notice 2007 (SR 2007/277).

Reprint
as at 21 September 2007

Securities Act (AMP/Ergo Mortgage and Savings Limited) Exemption Notice 1996

(SR 1996/287)

  • Securities Act (AMP/Ergo Mortgage and Savings Limited) Exemption Notice 1996: revoked, on 21 September 2007, by clause 4(b) of the Securities Act (Extension of Term, Amendment, and Revocation of Certain Exemptions) Exemption Notice 2007 (SR 2007/277).


Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this eprint.

A general outline of these changes is set out in the notes at the end of this eprint, together with other explanatory material about this eprint.

This notice is administered in the Securities Commission.


PURSUANT to the Securities Act 1978, the Securities Commission gives the following notice.

1 Title and commencement
  • (1) This notice may be cited as the Securities Act (AMP/Ergo Mortgage and Savings Limited) Exemption Notice 1996.

    (2) This notice shall come into force on the day after the date of its notification in the Gazette.

2 Interpretation
  • (1) In this notice, unless the context otherwise requires,—

    The Act means the Securities Act 1978

    Company means AMP/Ergo Mortgage and Savings Limited

    The Regulations means the Securities Regulations 1983.

    (2) Any term or expression that is not defined in this notice, but that is defined in the Act or the Regulations, has the meaning given to it by the Act or the Regulations.

3 AMP/Ergo Mortgage and Savings Limited exempted from clause 8(2)(c) of Schedule 2 to Securities Regulations 1983
  • (1) Subject to subclause (2) of this clause, the company and every person acting on its behalf are exempted from compliance with the provisions of clause 8(2)(c) of Schedule 2 to the Regulations in respect of any offer of debt securities made by the company.

    (2) The exemption granted by subclause (1) of this clause is subject to the condition that the registered prospectus relating to the offer of the debt securities contains the following information:

    • (a) A maturity profile of the company's monetary assets; and

    • (b) The average yield of the mortgages acquired from Australian Mutual Provident Society and the ability of the company to adjust that yield; and

    • (c) The incidence of default on mortgages acquired from Australian Mutual Provident Society; and

    • (d) Particulars of any material matters relating to those mortgages (other than matters elsewhere set out in the registered prospectus or referred to in paragraphs (a) to (c) of this subclause).


Explanatory note

This note is not part of the notice, but is intended to indicate its general effect.

This notice, which comes into force on the day after the date of its notification in the Gazette, exempts AMP/Ergo Mortgage and Savings Limited, subject to conditions, from compliance with clause 8(2)(c) of Schedule 2 to the Securities Regulations 1983 in respect of offers of debt securities.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 27 September 1996.


Contents

  • 1General

  • 2About this eprint

  • 3List of amendments incorporated in this eprint (most recent first)


Notes
1 General
  • This is an eprint of the Securities Act (AMP/Ergo Mortgage and Savings Limited) Exemption Notice 1996. It incorporates all the amendments to the Securities Act (AMP/Ergo Mortgage and Savings Limited) Exemption Notice 1996 as at 21 September 2007. The list of amendments at the end of these notes specifies all the amendments incorporated into this eprint since 3 September 2007. Relevant provisions of any amending enactments that contain transitional, savings, or application provisions are also included, after the Principal enactment, in chronological order.

2 About this eprint
  • This eprint has not been officialised. For more information about officialisation, please see "Making online legislation official" under "Status of legislation on this site" in the About section of this website.

3 List of amendments incorporated in this eprint
(most recent first)
  • Securities Act (Extension of Term, Amendment, and Revocation of Certain Exemptions) Exemption Notice 2007 (SR 2007/277): clause 4(b)