(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.