(1) If a declaration by ASIC under subsection 1113A(1) is in force in relation to particular non-marketable securities, or a particular class of non-marketable securities:

(a)

this Division, including the regulations made for the purposes of the provisions of this Division, applies in relation to those non-marketable securities, or non-marketable securities of that class, as if they were securities as defined in subsection 955(1); and

(b)

ASIC may, by writing, declare that this Division, and regulations made for the purposes of this Division, are to have effect in relation to their application to those non-marketable securities, or non-marketable securities of that class, subject to modifications specified in the declaration.

(2) A declaration under paragraph (1)(b) has effect accordingly. (3) ASIC must cause a copy of a declaration under paragraph (1)(b) to be published in the Gazette . (4) In this section: