2 — 506. (1) The Commonwealth will not introduce a Bill that would repeal or amend the national law, or make a regulation under the national law unless, before its introduction or making, the Forum has been consulted about it and, except as provided by this Part, has approved it. (2) The Commonwealth is not obliged to introduce, make or support any legislation, or proceed with any legislative proposal, with which it does not concur. 507. (1) The approval of the Forum is not required for a Commonwealth Bill or regulation, so far as it relates to: (a) subject matters for which Chapters 2L, 5C, 6, 6A, 6B, 6C, 6D, 7 and 8 of the Corporations Law as in force on 1 July 2000 made provision, in particular: debentures; managed investment schemes; takeovers, compulsory acquisitions and buy-outs, and rights and liabilities in relation to matters; information about ownership of listed companies and managed investment schemes; fundraising; the securities industry; and the futures industry; and (b) subject-matters for which Chapter 9.10 of the Corporations Law as so in force made provision; and (c) subject-matters for which the other provisions of Chapter 9 of the Corporations Law as so in force made provision, to the extent that those other provisions apply to the chapters referred to in paragraph (a) or the subject-matters referred to in paragraph (f); and
2 — 506. (1) The Commonwealth will not introduce a Bill that would repeal or amend the national law, or make a regulation under the national law unless, before its introduction or making, the Forum has been consulted about it and, except as provided by this Part, has approved it. (2) The Commonwealth is not obliged to introduce, make or support any legislation, or proceed with any legislative proposal, with which it does not concur. 507. (1) The approval of the Forum is not required for a Commonwealth Bill or regulation, so far as it relates to: (a) subject matters for which Chapters 2L, 5C, 6, 6A, 6B, 6C, 6D, 7 and 8 of the Corporations Law as in force on 1 July 2000 made provision, in particular: debentures; managed investment schemes; takeovers, compulsory acquisitions and buy-outs, and rights and liabilities in relation to matters; information about ownership of listed companies and managed investment schemes; fundraising; the securities industry; and the futures industry; and (b) subject-matters for which Chapter 9.10 of the Corporations Law as so in force made provision; and (c) subject-matters for which the other provisions of Chapter 9 of the Corporations Law as so in force made provision, to the extent that those other provisions apply to the chapters referred to in paragraph (a) or the subject-matters referred to in paragraph (f); and
Revised-Corporations-Agreement-2002_0.docx