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 transfer of securities takes place between a person (the transferor ) and another person (the transferee ) only if:
(a) in the case of an ASTC-regulated transfer - the transferor does, or causes to be done, all things that the ASTC operating rules require to be done by or on behalf of the transferor to effect the transfer; or
(b) in any other case - the transferor delivers, or causes to be delivered, to the transferee documents ( transfer documents ) that are sufficient to enable the transferee:
(i) except in the case of Division 3 rights - to become registered as the holder of the securities; or
without the transferor doing anything more, or causing anything more to be done, by way of executing or supplying documents. 7.5.10(2) [ Property and documents (other than securities or money)]
(ii) in the case of Division 3 rights - to obtain the issue to the transferee of the securities to which the Division 3 rights relate;
(a) causes property (other than securities or money) to be transferred to another person; or
(b) causes documents that are sufficient to enable another person to become the legal owner of property (other than securities or money) to be delivered to another person;
the first-mentioned person is taken to have transferred the property to the other person.
7.5.10(3) [ Payment of money]If a person causes money to be paid to another person, the first-mentioned person is taken to have paid the money to the other person.
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