Securities Act (Listed Australian Issuers Employee Share Schemes) Exemption Notice (No 2) 1997 Amendment Notice 1999

  • expired
  • Securities Act (Listed Australian Issuers Employee Share Schemes) Exemption Notice (No 2) 1997 Amendment Notice 1999: expired, on 1 April 2003, pursuant to clause 1(3) of the Securities Act (Listed Australian Issuers Employee Share Schemes) Exemption Notice (No 2) 1997 (SR 1997/263).

1999/417

Securities Act (Listed Australian Issuers Employee Share Schemes) Exemption Notice (No 2) 1997 Amendment Notice 1999

  • Securities Act (Listed Australian Issuers Employee Share Schemes) Exemption Notice (No 2) 1997 Amendment Notice 1999: expired, on 1 April 2003, pursuant to clause 1(3) of the Securities Act (Listed Australian Issuers Employee Share Schemes) Exemption Notice (No 2) 1997 (SR 1997263). (SR 1997/263).


Note

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 (Listed Australian Issuers Employee Share Schemes) Exemption Notice (No 2) 1997 Amendment Notice 1999, and is part of the Securities Act (Listed Australian Issuers Employee Share Schemes) Exemption Notice (No 2) 19971 (the principal notice).

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

2 Interpretation
  • Clause 2(1) of the principal notice is amended by revoking paragraph (a)(ii) of the definition of the term Australian issuer, and substituting the following subparagraph:

    • (ii) Named in Schedule 1; and.

3 Conditions of exemption
  • Clause 4 of the principal notice is amended by omitting the word The in the first place where it appears, and substituting the words Except as otherwise provided in clause 5, the.

4 Modified application of conditions of exemption
  • The principal notice is amended by inserting, after clause 4, the following clause:

    5
    • Nothing in clause 4(b) or (c) applies in respect of any offer of specified securities of a company named in Schedule 2.

5 New Schedules 1 and 2 substituted

Schedule
New Schedules 1 and 2

Cl 5

Schedule 1
Australian Issuers

Cl 2(1)

The Australian Gas Light Company

Schedule 2
Companies subject to modified application of conditions

Cl 5

Corporate Express Australia Limited.

Dated at Wellington this 22nd day of November 1999.

The Common Seal of the Securities Commission was affixed in the presence of:

EH ABERNETHY,

Chairman.

[LS]


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, amends the Securities Act (Listed Australian Issuers Employee Share Schemes) Exemption Notice (No 2) 1997.

This notice modifies the application of certain conditions of the exemption granted by clause 3(1) of the principal notice in the case of companies named in the new Schedule 2.


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

Date of notification in Gazette: 25 November 1999.


  • 1 SR 1997/263