Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS REGULATIONS 2001 - REG 7.11.39

Determination of who holds Division 4 financial products for the purposes of conferring security benefits

             (1)  If the ASTC operating rules include provisions relating to the determination, for the purposes of conferring security benefits, of who holds or is taken to hold Division 4 financial products at a particular time, those provisions have effect accordingly despite anything in:

                     (a)  the Act; and

                     (b)  these Regulations; and

                     (c)  any other law (written or unwritten) that applies to the conferral; and

                     (d)  any document that applies to the conferral (for example, the body corporate's constitution or a relevant trust deed).

             (2)  In subregulation (1), conferring a security benefit means:

                     (a)  paying or transferring money or property to a person because the person holds or held a Division 4 financial product; or

                     (b)  issuing securities to a person because the person holds or held a Division 4 financial product; or

                     (c)  conferring a right on a person because the person holds or held a Division 4 financial product.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback