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 7.10 - THE NATIONAL GUARANTEE FUND

Division 1 - Interpretation

SECTION 924B   ATTRIBUTING SECURITIES AND PAYMENTS TO TRANSACTIONS  

924B    If:

(a)  either:

(i) a number of securities are transferred to a participating exchange or a member organisation of a participating exchange in respect of a number of transactions; or

(ii) a payment is made to a participating exchange or a member organisation of a participating exchange in respect of a number of transactions; and

(b)  apart from this section, it is not possible to tell, for the purposes of this Part, how many of the securities are transferred, or how much of the payment is made, in respect of each of the transactions; and

(c)  the business rules of the participating exchange include provisions determining how many of the securities are transferred, or how much of the payment is made, in respect of each of the transactions;

those provisions have effect accordingly for the purposes of this Part.

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History

S 924B inserted by No 201 of 1991, Sch 1 (effective 18 December 1991).

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