THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.7 - REGISTERS OF INTERESTS IN SECURITIES

SECTION 881   REGISTER TO BE MAINTAINED  

881(1)  [Person to keep Register]  

A person to whom this Part applies shall keep a Register, in accordance with the prescribed form or in the prescribed manner, at a place in Australia for the purposes of this Part.

881(2)  [Details of relevant interests in securities to be entered]  

Where:

(a)  a person is at the commencement of this Part, or becomes after that commencement, a person to whom this Part applies; and

(b)  the person is aware at that commencement or upon becoming such a person, as the case may be, that the person has relevant interests in securities;

the person shall, within 7 days after the date of commencement of this Part or the day on which the person becomes such a person, as the case may be, if the person has not already done so, enter, as prescribed, in the Register particulars of those securities and of the nature of the person's relevant interests in those securities.

881(3)  [On becoming aware of relevant interests]  

Where a person to whom this Part applies becomes aware that the person has relevant interests in securities, the person shall, within 7 days after the day on which the person becomes so aware, enter, as prescribed, in the Register particulars of those securities and of the nature of the person's relevant interests in those securities.

881(4)  [Change in relevant interests]  

Where there is a change in the relevant interests of a person to whom this Part applies in securities, the person shall, within 7 days after the day on which the person becomes aware of the change, enter particulars of the change in the Register.

881(5)  [Deemed change in relevant interests]  

For the purposes of this section, where a person to whom this Part applies begins or ceases to have relevant interests in securities, there shall be deemed to be a change in the relevant interests of that person in those securities.

881(6)  [Particulars to be entered]  

Where a person to whom this Part applies is required by this section to enter in the Register particulars of any securities and of the nature of the person's relevant interests in those securities, or particulars of a change in the person's relevant interests in any securities, the particulars to be entered include:

(a)  the date on which the person began or ceased to have the relevant interests or on which the change occurred;

(b)  the number of securities to which the relevant interests relate or related;

(c)  if the relevant interests were acquired or disposed of or the change occurred for valuable consideration - the amount of the consideration and, if the consideration did not consist wholly of money, the nature of the part of the consideration that did not consist of money; and

(d)  if the securities are not registered in the name of the person - the name of the person who is registered as the holder of the securities or, if any other person is entitled to become registered as the holder of the securities, the name of that other person.

881(7)  [Other particulars may be included]  

The Register may include particulars of matters relating to securities in relation to which this Part does not apply.