Corporations Amendment (Short Selling) Act 2008 (146 of 2008)
Schedule 2 Amendments commencing on the 28th day after Royal Assent
Corporations Act 2001
2 Subsections 1020B(4), (5) and (6)
Repeal the subsections, substitute:
(4) Subsection (2) does not apply in relation to a sale of section 1020B products by a person who, before the time of sale, has entered into a contract to buy those products and who has a right to have those products vested in the person that is conditional only upon all or any of the following:
(a) payment of the consideration in respect of the purchase;
(b) the receipt by the person of a proper instrument of transfer in respect of the products;
(c) the receipt by the person of the documents that are, or are documents of title to, the products.