Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.11.35

ASTC-regulated transfer not to be registered unless proper ASTC transfer

             (1)  The issuer in relation to a Division 4 financial product must not register, or otherwise give effect to, an ASTC-regulated transfer of the Division 4 financial product unless the transfer is a proper ASTC transfer.

             (2)  Subregulation (1) has effect despite anything in:

                     (a)  the issuer's constitution; or

                     (b)  a deed relating to debentures; or

                     (c)  the constitution of a registered scheme; or

                     (d)  a deed relating to interests.


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