of conferring security benefits (1) If the SCH business rules include
provisions relating to the determination, for the purposes of conferring
security benefits, of who holds or is taken to hold quoted securities at a
particular time, those provisions have effect accordingly despite anything in:
- (a)
- this Act or the regulations; and
- (b)
- any other laws (written or unwritten) that apply to the conferral; and
- (c)
- any documents (for example, the body corporate's constitution or any
relevant trust deed) that apply to the conferral.
(2) For the purposes of this section, conferring a security benefit means:
- (a)
- paying or transferring money or property to a person because the person
holds or held a security; or
- (b)
- issuing securities to a person because the person holds or held a
security; or
- (c)
- conferring a right on a person because the person holds or held a
security.
Subdivision DMiscellaneous