Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.11 - TITLE AND TRANSFER  

Division 3 - Transfer of Division 3 securities effected otherwise than through a prescribed CS facility  

REGULATION 7.11.18   WARRANTIES BY MARKET LICENSEE IF TRANSFER DOCUMENT PURPORTS TO BEAR ITS STAMP  

7.11.18(1)   [ Application]  

This regulation applies if a transfer document:

(a) has been duly completed in accordance with Part 1 of Form 3 or Form 7; and

(b) bears a stamp that purports to be a stamp of a market licensee.

7.11.18(2)   [ Warranties]  

The market licensee is taken to have warranted that:

(a) the statements in the transfer document that purport to be certified by a market licensee are accurate; and

(b) the transferor is:

(i) the registered holder of, or entitled to be registered as the holder of, the Division 3 assets; or

(ii) entitled to the Division 3 rights;

and is legally entitled or authorised to sell or dispose of the Division 3 assets or Division 3 rights.