THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 7 - Unauthorised transfer

SECTION 961A   NEXUS BETWEEN DEALER AND THIS JURISDICTION  

961A    Neither of sections 957 and 958 entitles a person to make a claim unless the dealer was on the day of the unauthorised execution a member of a participating exchange and:

(a)  the dealer was carrying on a securities business in this jurisdiction on that day (whether on his, her or its own account or in partnership); or

(b)  if the dealer was not so carrying on such a business and was not carrying on a securities business in any other jurisdiction on that day - the last securities business that the dealer carried on in a jurisdiction (whether on his, her or its own account or in partnership) before that day was carried on in this jurisdiction.

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