Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.11.01

    In this Part:

"associate" , in relation to a broker or participant, means:

  (a)   if the broker or participant:

  (i)   is a member of a firm of brokers or participants; and

  (ii)   is not a broker's agent or a participant's agent;

    any other member of the firm; or

  (b)   if:

  (i)   the broker or participant is the agent or employee of another broker or participant; and

  (ii)   the other broker or participant is not a member of a firm of brokers or participants;

    the other broker or participant; or

  (c)   if:

  (i)   the broker or participant is the agent or employee of another broker or participant; and

  (ii)   the other broker or participant is a member of a firm of brokers or participants;

    any member of that firm.

"ASTC subregister" means a subregister of Division   4 financial products maintained in accordance with the ASTC operating rules.

"beneficial owner" , in relation to Division   3 securities, means a person for whom a licensed trustee company, a Public Trustee of a State or Territory, or a company listed in Schedule   9 holds (whether alone or together with any other person or persons) the Division   3 securities in trust in the ordinary course of its business.

"broker" means an Australian financial services licensee who is a participant of a financial market.

"broker's agent" means:

  (a)   the agent of a broker; or

  (b)   the employee of a broker.

"duly completed" , in relation to a transfer document, includes the requirements set out in regulation   7.11.05.

"duly completed Part 1" means a transfer document that has been duly completed in accordance with Part   1 of Form 1, 2, 3, 5, 6 or 7.

"execution time" , in relation to a transfer document, means:

  (a)   for a sufficient transfer under regulation   7.11.11--the time when the transfer document was stamped with a stamp purporting to be that of the transferee's broker; and

  (b)   for a sufficient transfer under regulation   7.11.12 or 7.11.13--the time when the transfer document was executed by the transferor.

"identification code" , in relation to a participant, means a code that, for the purposes of the ASTC operating rules, is:

  (a)   the participant's identification code; or

  (b)   one of its identification codes.

"in accordance with" includes to the effect of.

"issuer of a Division 4 financial product" means:

  (a)   the issuer in relation to the product; or

  (b)   any other person identified as an issuer, or treated as an issuer, under the ASTC operating rules.

"market licensee" , in relation to securities specified in a transfer document, means the market licensee that operates the market for the securities.