THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 10 - Transitional

SECTION 984   DEFINITIONS  

984    In this Division, unless the contrary intention appears:

``joining day'' , in relation to a joining exchange, means the day on which the joining exchange became a local Exchange subsidiary, or a participating exchange, as the case requires;

``joining exchange'' means a securities exchange that:

(a)  at a particular time after the commencement of this Part becomes a local Exchange subsidiary or a participating exchange; and

(b)  was not, immediately before that time, a participating exchange, or a local Exchange subsidiary, as the case may be;

``liability provisions'' means sections 907 to 916, inclusive;

``transferred claim'' , in relation to a joining exchange, means:

(a)  a claim made, before the joining day in relation to the joining exchange, for compensation from the joining exchange's fidelity fund;

(b)  a claim that, as at the time immediately before the joining day in relation to the joining exchange, the liability provisions entitled a person to make for compensation from the joining exchange's fidelity fund, but that, as at that time, had not been made; or

(c)  a claim that purports to be a claim of a kind referred to in paragraph (b).