THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 10 - Transitional

SECTION 987   APPLICATION OF LIABILITY PROVISIONS IN RELATION TO TRANSFERRED CLAIMS  

987    On and after the joining day in relation to a joining exchange, the liability provisions apply, for the purposes of a transferred claim in relation to the joining exchange, as if, except in relation to a time before that day:

(a)  a reference in those provisions to the fidelity fund of a securities exchange were a reference to the Fund;

(b)  a reference in those provisions to the board of a securities exchange were a reference to the Board; and

(c)  a reference in those provisions to a securities exchange were a reference to SEGC;

and with such other modifications as the circumstances require.