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.]
A sale and purchase of securities are taken to consist of 2 distinct transactions:
(a) the sale of the securities by the seller to the buyer; and
(b) the purchase of the securities by the buyer from the seller.
Except so far as the contrary intention appears, a reference in this Part to a sale, or to a purchase, includes a reference to a sale or purchase the agreement for which is made outside this jurisdiction.
For this Part, an agreement to buy or sell securities, because of the exercise of an option contract over securities, if:
(a) the option contract was entered into on the financial market of a participating market licensee; and
(b) the agreement is required, by the operating rules of ACH or the participating market licensee, to be reported to the participating market licensee;
is taken to be a sale and purchase of securities .
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