Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.2.113

What is a sufficient transfer of marketable securities or marketable rights: general

             (1)  This regulation applies if the arrangements for the due completion of a document, to make the document:

                     (a)  a sufficient transfer of marketable securities under subsection 1101(1) of the old Corporations Act; or

                     (b)  a sufficient transfer of marketable rights under subsection 1101(2) of the old Corporations Act;

were not completed before the FSR commencement.

             (2)  Section 1101 of the old Corporations Act, and any associated provisions, continue to apply to the extent necessary to allow for the document to be duly completed, and treated as a sufficient transfer, in accordance with the relevant arrangements.

             (3)  If the document is duly completed in accordance with the relevant arrangements, the document is also taken to be a sufficient transfer for the purposes of the Act as in force after the FSR commencement.



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