(1) The issuing body in relation to a quoted security or quoted right must not register, or otherwise give effect to, an SCH-regulated transfer of the security or right unless the transfer is a proper SCH transfer. (2) Subsection (1) has effect despite anything in:

(a)

the body's constitution; or

(b)

a deed relating to debentures; or

(c)

the constitution of a registered scheme; or

(d)

a deed relating to interests.