Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 9.12.01

Exemptions from Chapter 7

                   Subsection 1043A(1) of the Act does not have effect in relation to the following:

                     (a)  the obtaining by a director of a share qualification;

                     (b)  the application for, and acquisition under that application of, financial products of a body corporate by, or by a trustee for, employees of that body, or of a body corporate that is related to the first-mentioned body under a superannuation scheme, pension fund or other scheme established solely or primarily for the benefit of the employees;

                     (c)  a transaction entered into by a person in accordance with his or her obligations under an underwriting agreement;

                     (d)  a person holding the office of:

                              (i)  personal representative of a deceased person; or

                             (ii)  liquidator; or

                            (iii)  trustee under Parts IV, X and XI of the Bankruptcy Act 1966 ;

                            in respect of a transaction entered into by the person in good faith in the performance of the functions of the office;

                     (e)  a sale of financial products under:

                              (i)  a mortgage or charge of the financial products; or

                             (ii)  a mortgage, charge, pledge or lien of documents of title to the financial products.



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