Corporations Amendment Regulation 2012 (No. 2) (43 of 2012)

Schedule 1   Amendments taken to have commenced on 13 April 2011

[3]   Regulations 7.11.12 and 7.11.13

substitute

7.11.12 Sufficient transfer of Division 3 assets: licensed trustee company or Public Trustee of a State or Territory

(1)This regulation applies to the transfer of Division 3 assets, otherwise than by way of sale, gift or exchange, by:

(a)a licensed trustee company, within the meaning of Chapter 5D of the Act; or

(b)a Public Trustee of a State or Territory; or

(c)a company mentioned in Schedule 9;

whether alone or together with any other person or persons, to the beneficial owner of the Division 3 assets.

(2)A document is a sufficient transfer of the Division 3 assets if it:

(a)relates to those assets; and

(b)is completed in accordance with Form 9.

7.11.13 Sufficient transfer of Division 3 rights: licensed trustee company or Public Trustee of a State or Territory

(1)This regulation applies to the transfer of Division 3 rights, otherwise than by way of sale, gift or exchange, by:

(a)a licensed trustee company, within the meaning of Chapter 5D of the Act; or

(b)a Public Trustee of a State or Territory; or

(c)a company mentioned in Schedule 9;

whether alone or together with any other person or persons, in favour of the beneficial owner of those rights.

(2)A document is a sufficient transfer of the Division 3 rights if it:

(a)relates to those rights; and

(b)is completed in accordance with Form 10.