THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES

Division 3 - Transfer of marketable securities and marketable rights

Subdivision B - Sufficient transfers (transfers other than SCH-regulated transfers)

SECTION 1106   WARRANTIES BY SECURITIES EXCHANGE WHERE DOCUMENT PURPORTS TO BEAR ITS STAMP  

1106(1)  [Application]  

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.

1106(2)  [Deemed warranty of securities exchange]  

The securities exchange shall be deemed 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.