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.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).