THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 6C - Transfer delivery service guarantees

SECTION 954ZB   NEXUS WITH THIS JURISDICTION  

954ZB    A person or partnership may not make a claim under subsection 954X(2) or (3) unless:

(a)  in the case of the settlement authority referred to in that subsection - the settlement authority was carrying on business in this jurisdiction on the day of the purported transfer referred to in paragraph 954X(1)(d); or

(b)  otherwise:

(i) the person or partnership was carrying on a securities business in this jurisdiction on the day of the purported transfer referred to in paragraph 954X(1)(d); or
(ii) if the person or partnership was not so carrying on such a business and was not carrying on a securities business in any other jurisdiction on that day - the last securities business that the person or partnership carried on in a jurisdiction before that day was carried on in this jurisdiction.

 

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