Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.11.18

  (1)   This regulation applies if a transfer document:

  (a)   has been duly completed in accordance with Part   1 of Form 3 or Form 7; and

  (b)   bears a stamp that purports to be a stamp of a market licensee.

  (2)   The market licensee is taken to have warranted that:

  (a)   the statements in the transfer document that purport to be certified by a market licensee are accurate; and

  (b)   the transferor is:

  (i)   the registered holder of, or entitled to be registered as the holder of, the Division   3 assets; or

  (ii)   entitled to the Division   3 rights;

    and is legally entitled or authorised to sell or dispose of the Division   3 assets or Division   3 rights.