Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1109M

Trustees and legal representatives may be SCH participants etc.

(1) A trustee, or a legal representative of a dead person, who, as trustee or legal representative, holds a quoted security or a quoted right may:

subject to the requirements of the SCH business rules, be an SCH participant; and

have the security or right converted into, and hold it in, a form in which it may be transferred in accordance with the SCH business rules.

(2) Nothing in subsection (1) authorises the trustee or legal representative to do a thing that the trustee or legal representative is expressly prohibited from doing by any law or by the terms and conditions on which he, she or it holds office.

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