THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 7 - SECURITIES

PART 7.2 - SECURITIES EXCHANGES AND STOCK MARKETS

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History

Heading amended by No 104 of 1994, Sch 8 (effective 1 January 1995).

SECTION 770B   SECTION 770A STOCK MARKETS - SEPARATE MARKETS EXIST IN RELATION TO DIFFERENT KINDS OF PRESCRIBED INTERESTS  

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770B(1)  [Stock markets conducted by same body corporate]  

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For the purposes of subsections 770A(1) and (2), separate stock markets exist in relation to different kinds of interests in a registered scheme even though:

(a)  the stock markets are conducted by the same body corporate; and

(b)  the same business rules of the body corporate apply to the conduct of the stock markets.

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History

S 770B(1) amended by No 62 of 1998, Sch 2, Pt 1 (effective 1 July 1998).

S 770B(1) inserted by No 104 of 1994, Sch 8 (effective 1 January 1995).

770B(2)  [What is a kind of prescribed interest]  

For the purposes of subsection (1):

(a)  unless paragraph (b) applies, the interests in a registered scheme constitute a kind of interest in the scheme; and

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(b)  if a particular scheme relates to a number of different undertakings in relation to interests - the interests in the scheme are taken to be divided into a number of kinds, with each kind consisting of the interests to which a particular one of those undertakings relates.

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History

S 770B(2)(a) and (b) substituted by No 62 of 1998, Sch 2, Pt 1 (effective 1 July 1998).

S 770B(2) inserted by No 104 of 1994, Sch 8 (effective 1 January 1995).

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