(1) This section applies where a document:

(a)

has been duly completed in accordance with Part 1 of Form 3 or 7; and

(b)

bears a stamp that purports to be that of a securities exchange.

(2) The securities exchange is taken to have warranted that:

(a)

the statements in the document that purport to be certified by a securities exchange are accurate; and

(b)

the transferor is:

(i)

the registered holder of, or entitled to be registered as the holder of, the securities; or

(ii)

entitled to the rights;

as the case may be, and is legally entitled or authorised to sell or dispose of the securities or rights.