Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
(a) a transfer document (the first document ) relating to Division 3 assets or Division 3 rights:
(i) has been duly completed in accordance with Part 1 of Form 1 or Form 5; and
(ii) bears a stamp that purports to be the stamp of the transferor's broker; and
(b) another transfer document:
(i) relates to any or all of the Division 3 assets or Division 3 rights; and
(ii) has been duly completed in accordance with Part 1 of Form 3 or Form 7; and
7.11.19(2) [ Market licensee]
(iii) bears a stamp that purports to be the stamp of a market licensee.
The market licensee is liable to indemnify:
(a) the issuer in relation to the Division 3 assets or Division 3 rights; and
(b) the transferor in relation to the other document; and
(c) the transferee in relation to the other document; and
(d) the broker of the transferee in relation to the other document;
against any loss or damage arising if:
(e) the stamp mentioned in subparagraph (1)(a)(ii) is not the stamp of the transferor's broker; or
(f) apart from paragraph 7.11.17(4) (a), the designated broker was not authorised to execute the first document on behalf of the transferor in relation to the first document. 7.11.19(3) [ Associate of transferor's broker]
Each associate (if any) of the transferor's broker is liable to indemnify the market licensee against any loss or damage arising as mentioned in subregulation (2).
7.11.19(4) [ Transferor's broker who is not broker's agent]If the transferor's broker is not a broker's agent, the transferor's broker is liable to indemnify the market licensee against any loss or damage arising as mentioned in subregulation (2).
7.11.19(5) [ Operation]Nothing in this regulation limits the operation of anything in regulation 7.11.17 or 7.11.18 or of anything else in this regulation.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
