Securities Act (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Amendment Notice 2004

  • expired
  • Securities Act (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Amendment Notice 2004: expired, on 1 July 2009, pursuant to clause 1(3) of the Securities Act (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Notice 1999 (SR 1999/387).

Reprint
as at 1 July 2009

Securities Act (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Amendment Notice 2004

(SR 2004/193)

  • Securities Act (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Amendment Notice 2004: expired, on 1 July 2009, pursuant to clause 1(3) of the Securities Act (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Notice 1999 (SR 1999/387).


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 by the Securities Commission.


Pursuant to the Securities Act 1978, the Securities Commission gives the following notice (to which is appended a statement of reasons of the Securities Commission).

Notice

1 Title
2 Commencement
  • This notice comes into force on the day after the date of its notification in the Gazette.

3 Expiry
  • Clause 1(3) of the principal notice is amended by omitting the expression 30 June 2004, and substituting the expression 30 June 2009.

Dated at Wellington this 25th day of June 2004.

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

[Seal]

J Diplock,
Chairperson.


Statement of reasons

This notice, which comes into force on the day after the date of its notification in the Gazette, amends the Securities Act (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Notice 1999 ( the principal notice) by extending the expiry date of the notice from 30 June 2004 to 30 June 2009.

The Securities Commission considers it appropriate to extend the term of the principal notice so that the exemptions continue to apply to Macquarie Investment Services Limited (Macquarie), because—

  • in relation to the exemption from section 51 of the Securities Act 1978, which requires issuers to keep registers in New Zealand, Macquarie is based in Australia, and it is more efficient for it to maintain its principal register in the country in which it is based. The conditions of the exemption maintain protection of investors by requiring that the entity keeps a register of unit holders, and that a copy be kept at its New Zealand office, which unit holders may inspect. The constitution for Macquarie's Australasian Trusts requires Macquarie to provide the statutory supervisor with a copy of the register; and

  • in relation to the exemption from section 54 of the Securities Act 1978, which relates to a requirement to send the security or certificate of the security to the security holder after allotment or receipt of a registrable transfer, the effect of the condition of the exemption is that an investor can obtain an account of the investor's holding at any time on request; and

  • the applicant has advised the Securities Commission that there have been no material changes to the constitution for Macquarie's Australasian Trusts to which the exemption applies.


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

Date of notification in Gazette: 29 June 2004.


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 (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Amendment Notice 2004. It incorporates all the amendments to the notice as at 1 July 2009. 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 (Macquarie Investment Services Limited Gilt Edge Access Account) Exemption Notice 1999 (SR 1999/387): clause 1(3)