THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 6A - Securities loans guarantees

SECTION 954J   NEXUS WITH THIS JURISDICTION  

954J    A participating exchange may not make a claim in respect of a guaranteed securities loan unless:

(a)  the borrower was carrying on a securities business in this jurisdiction on the day when the loan was entered into; or

(b)  if the borrower was not so carrying on such a business and was not carrying on a securities business in any other jurisdiction on that day - the last securities business that the borrower carried on in a jurisdiction before that day was carried on in this jurisdiction.