Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.11 - TITLE AND TRANSFER  

Division 4 - Transfer of financial products effected through prescribed CS facility  

SECTION 1074D   VALID AND EFFECTIVE TRANSFER IF OPERATING RULES COMPLIED WITH  

1074D(1)   [ Valid and effective transfer]  

If a transfer of a financial product is effected:

(a) through a prescribed CS facility; and

(b) in accordance with the operating rules of the facility;

the transfer is valid and effective for the purposes of any law or instrument governing or relating to the way in which the financial product may be transferred.

1074D(2)   [ Transfer substantially complying with rules]  

For the purposes of this section, the transfer of a financial product is taken to be, and always to have been, effected in accordance with the operating rules of a prescribed CS facility if the person or body authorised to do so under those rules determines that the transfer substantially complies with those rules.