An Act to amend the Totalizator Agency Board Privatisation Act 1997 and other legislation relating to shareholding interests in TAB Limited; and for other purposes.
1 Name of Act
This Act is the Totalizator Agency Board Privatisation Amendment Act 2002.
2 Commencement
This Act commences on the date of assent.
3 Amendments
The Acts and Regulations specified in Schedule 1 are amended as set out in that Schedule.
Schedule 1 Amendments
(Section 3)
Section 33 Prohibited shareholding interest
Omit “5%” from section 33 (1). Insert instead “10%”.
[1] Section 3 Objects of Act
Omit “5%” from section 3 (d). Insert instead “10%”.
[2] Section 38 Prohibited shareholding interest
Omit “5%” from section 38 (1). Insert instead “10%”.
[3] Schedule 5 Savings, transitional and other provisions
Omit clause 1 (1). Insert instead:(1) The regulations may contain provisions of a savings or transitional nature consequent on the enactment of the following Acts:this Act
[4] Schedule 5, clause 1 (2)
Omit “this Act”. Insert instead “the Act concerned”.
Clause 4C Exemption from prohibited shareholding interest provisions—TAB Share Buy-Back: section 36 (7)
Omit the clause.
Clause 4AB Exemption from prohibited shareholding interest provisions—TAB Share Buy-Back: section 31 (7)
Omit the clause.