THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 7 - Unauthorised transfer

SECTION 955A   EXTENDED APPLICATION OF DIVISION TO NON-MARKETABLE SECURITIES  

955A(1)  [Declaration relating to non-marketable securities]  

If a declaration by the Commission under subsection 1113A(1) is in force in relation to particular non-marketable securities, or a particular class of non-marketable securities:

(a)  this Division, including the regulations made for the purposes of the provisions of this Division, applies in relation to those non-marketable securities, or non-marketable securities of that class, as if they were securities as defined in subsection 955(1); and

(b)  the Commission may, by writing, declare that this Division, and regulations made for the purposes of this Division, are to have effect in relation to their application to those non-marketable securities, or non-marketable securities of that class, subject to modifications specified in the declaration.

955A(2)  [Effect of declaration]  

A declaration under paragraph (1)(b) has effect accordingly.

955A(3)  [Publication in Gazette ]  

The Commission must cause a copy of a declaration under paragraph (1)(b) to be published in the Gazette.

955A(4)  [``non-marketable securities'']  

In this section:

``non-marketable securities'' has the same meaning as in section 1113A.