THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES

Division 3 - Transfer of marketable securities and marketable rights

Subdivision A - Interpretation

SECTION 1097A   QUOTED SECURITIES AND RIGHTS  

1097A(1)  [``quoted security'']  

A quoted security is a marketable security in a class of marketable securities listed for quotation on a stock market of a securities exchange.

1097A(2)  [``quoted right'']  

A quoted right is a marketable right in a class of marketable rights listed for quotation on a stock market of a securities exchange.

1097A(3)  [Temporary suspension of quotation]  

For the purposes of subsections (1) and (2), securities or rights in a class of marketable securities or marketable rights are not taken to have stopped being listed for quotation on a stock market of a securities exchange merely because of a temporary suspension of quotation of securities or rights in that class.

1097A(4)  [Delisting of issuing body]  

If:

(a)  there is a suspension of the quotation on a stock market of a securities exchange, of marketable securities in a class of marketable securities, or of marketable rights in a class of marketable rights; and

(b)  during the suspension, the issuing body in relation to the securities or rights ceases to be included in an official list of the securities exchange;

then, for the purposes of subsections (1) and (2), marketable securities or marketable rights in that class are taken to stop being listed for quotation on a stock market of the securities exchange when the issuing body ceases to be so included.

1097A(5)  [Effect of sec 1097A(4)]  

Subsection (4) does not limit the circumstances in which marketable securities in a class of marketable securities, or marketable rights in a class of marketable rights, may be taken to have stopped being listed for quotation on a stock market of a securities exchange.