Financial Services Reform Act 2001 (122 of 2001)
Schedule 1 Financial Services and Markets
Part 2 Consequential amendments
Corporations Act 2001
411 At the end of Part 6D.1
Add:
703A Operating a clearing and settlement facility is not offering securities etc.
Nothing that the operator of a clearing and settlement facility (within the meaning of Chapter 7) does in the course of, or in connection with, providing facilities for the settlement of transactions constitutes, for the purposes of this Chapter:
(a) an offer of securities for subscription or purchase; or
(b) an invitation to subscribe for or buy securities.