THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 6C - Transfer delivery service guarantees

SECTION 954W   INTERPRETATION  

954W    In this Division:

``claim'' means a claim under this Division against SEGC;

``claimable obligation'' means:

(a)  an obligation to transfer securities under an agreement for the purchase of securities, where the purchase is, for the purposes of Division 6, a reportable transaction; or

(b)  an obligation to transfer securities under a replacement agreement in relation to an agreement of the kind referred to in paragraph (a) that has been novated; or

(c)  an obligation to transfer securities under a guaranteed securities loan; or

(d)  an obligation to transfer securities under a replacement agreement in relation to a guaranteed securities loan that has been novated; or

(e)  an obligation to transfer securities that arose as mentioned in paragraph 954P(1)(b);

``discharge'' , in relation to an obligation, means:

(a)  except in the case of a purchase obligation - discharge the whole or a part of the obligation; or

(b)  in the case of a purchase obligation - discharge the whole of the obligation;

``purchase obligation'' means an obligation of the kind referred to in paragraph (a) of the definition of ``claimable obligation''.