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CORPORATIONS ACT 2001 - SECT 891B

Markets operated by bodies corporate that become members of the SEGC--regulations may deal with transitional provisions and other matters

             (1)  In this section:

"joining market" means a financial market that:

                     (a)  is operated by a body corporate that becomes a member of the SEGC after the commencement of this Division, or by a subsidiary of such a body corporate; and

                     (b)  is a financial market to which this Division applies.

             (2)  The regulations may make provisions of a transitional or saving nature dealing with the transition, in relation to a joining market, from the compensation regime previously applicable in relation to the market to the arrangements constituted by this Division.

             (3)  Without limiting subsection (2), the regulations may require money or other property (including money or other property in a fidelity fund) to be paid or transferred to the SEGC for inclusion in the NGF.

             (4)  The regulations may also provide for the allocation of part of the NGF as being for use for the purposes of claims arising in connection with the joining market.

             (5)  The regulations may make modifications of provisions of this Division and Division 5 that are necessary or convenient to take account of allocations of a kind referred to in subsection (4).



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