(1) This regulation applies to a meeting of the holders of a class of securities of a body corporate if some or all of the securities in that class are Division 4 financial products.
(2) The convener of the meeting may determine that all the securities of the body corporate in the relevant class that are Division 4 financial products at a specified time before the meeting are taken, for the purposes of the meeting, to be held by the persons who held them at the specified time.
(a) must satisfy any applicable requirements of the ASTC operating rules; but
(b) in any case, must not be more than 48 hours before the meeting.
(4) The convenor must make a determination:
(a) in accordance with any applicable requirements of the ASTC operating rules as to the way in which it must be made; but
(b) in any case, before notice of the meeting is given.
(5) The convenor must include particulars of the determination in the notice of the meeting.
(6) However, a failure to include particulars of the determination in the notice of the meeting does not invalidate the determination.
(7) The convenor's determination has effect accordingly despite anything in:
(c) any other law (written or unwritten) that applies to the meeting; and
(d) any document that applies to the meeting (for example, the
body corporate's constitution or a relevant trust deed).