THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES

Division 2 - Transfer of securities

SECTION 1091D   REGISTRATION OF TRANSFERS (replaceable rule - see section 135)  

1091D(1)  [Remain holder until transfer registered and register entry made]  

A person transferring shares remains the holder of the shares until the transfer is registered and the name of the person to whom they are being transferred is entered in the register of members in respect of the shares.

1091D(2)  [Directors not required to register transfer]  

The directors are not required to register a transfer of shares in the company unless:

(a)  the transfer and any share certificate have been lodged at the company's registered office; and

(b)  any fee payable on registration of the transfer has been paid; and

(c)  the directors have been given any further information they reasonably require to establish the right of the person transferring the shares to make the transfer.

1091D(3)  [Directors may refuse to register]  

The directors may refuse to register a transfer of shares in the company if:

(a)  the shares are not fully-paid; or

(b)  the company has a lien on the shares.

1091D(4)  [Directors may suspend registration]  

The directors may suspend registration of transfers of shares in the company at the times and for the periods they determine. The periods of suspension must not exceed 30 days in any 1 calendar year.