Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.11 - TITLE AND TRANSFER  

Division 3 - Transfer of certain securities effected otherwise than through a prescribed CS facility  

SECTION 1073F   OPERATION OF THIS DIVISION AND REGULATIONS MADE FOR ITS PURPOSES  

1073F(1)   [ Purpose]  

This section deals with the effect of the provisions of:

(a) this Division; and

(b) the regulations made for the purposes of this Division.

1073F(2)   [ Paramountcy]  

The provisions apply in relation to a transfer of securities despite anything to the contrary in:

(a) this Act (other than this Division); or

(b) another law, or instrument, relating to the transfer of the securities.

1073F(3)   [ Terms and conditions of sale otherwise unaffected]  

Except as provided in the provisions, the provisions do not affect the terms and conditions on which securities are sold.

1073F(4)   [ Issuer's right to refuse to register, etc]  

Nothing in the provisions affects any right of the issuer of a security to refuse:

(a) to acknowledge or register a person as the holder of a security; or

(b) to issue a security to a person;

on a ground other than an objection to the form of document, or electronic message or other electronic communication, that is lodged with or sent to the issuer and purports to transfer the security to the person.

1073F(5)   [ Transfer in accordance with regulations]  

The registration of a transfer, or the issue, of a security by means of a transfer effected in accordance with regulations made for the purposes of this Division does not breach any law, constitution, trust deed or other instrument relating to financial products.

1073F(6)   [ Other forms of transfer, modes of execution]  

Nothing in the provisions prevents or affects the use of:

(a) any other form of transfer of securities; or

(b) any other mode of executing a document transferring securities;

that is otherwise permitted by law.

1073F(7)   [ Transfer of security by trustee or legal representative]  

A transfer of a security by or to a trustee or legal representative may be effected by means of a transfer in accordance with regulations made for the purposes of this Division. The transfer may be so effected despite the means required by any law or the provisions of the instrument (if any) creating, or having effect in relation to, the trust or will under which the trustee or legal representative is appointed.

1073F(8)   [ ``legal representative'']  

In subsection (7):

legal representative
means:

(a) the executor, original or by representation, of a will of a dead person; or

(b) the administrator of the estate of a dead person.