1 Short Title

• This Act may be cited as the Securities Amendment Act 1986, and shall be read together with and deemed part of the Securities Act 1978 (hereinafter referred to as the principal Act).

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5 New sections substituted

• (1) This subsection substituted sections 14 and 14A of the principal Act.

  (2) Section 6 of the Higher Salaries Commission Amendment Act 1980 is hereby consequentially repealed.

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• 12 [Repealed]

  Section 12 was repealed, as from 21 December 1988, by section 51(2) Securities Amendment Act 1988 (1988 No 234).

13 Alternate members of Commission deemed to be members of Commission

• (1) Every person appointed as an alternate member of the Commission and holding office immediately before the commencement of this Act shall be deemed to be a member of the Commission appointed under section 11 of the principal Act.

  (2) The term of office of every person deemed under subsection (1) of this section to have been appointed a member of the Commission shall expire on the date on which the term of office of the member of the Commission in respect of whom that person was appointed an alternate member expires.

14 Savings

• The provisions of subsection (2) and subsection (3) of section 28 of the principal Act, as in force immediately before the commencement of this Act, shall, notwithstanding the amendment to those subsections made by subsection (1) and subsection (2) of section 8 of this Act respectively, continue to apply in respect of any person holding office immediately before the commencement of this Act as an alternate member of the Commission.