Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
If the ASTC operating rules include provisions relating to the determination, for the purposes of conferring security benefits, of who holds or is taken to hold Division 4 financial products at a particular time, those provisions have effect accordingly despite anything in:
(a) the Act; and
(b) these Regulations; and
(c) any other law (written or unwritten) that applies to the conferral; and
(d) any document that applies to the conferral (for example, the body corporate's constitution or a relevant trust deed). 7.11.39(2) [ ``conferring a security benefit'']
In subregulation (1), conferring a security benefit means:
(a) paying or transferring money or property to a person because the person holds or held a Division 4 financial product; or
(b) issuing securities to a person because the person holds or held a Division 4 financial product; or
(c) conferring a right on a person because the person holds or held a Division 4 financial product.
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