Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 21 - Title and transfer  

REGULATION 10.2.107   TRUSTEE ETC MAY BE REGISTERED AS OWNER OF SHARES  

10.2.107(1)   [ Application]  

This regulation applies if:

(a) a person began to hold shares in a proprietary company as trustee for, or otherwise on behalf of or on account of, a body corporate before the FSR commencement; and

(b) the person did not serve on the proprietary company the notice required under subsection 1091C(11) of the old Corporations Act before the FSR commencement; and

(c) the 1 month period mentioned in that subsection had not expired before the FSR commencement.

10.2.107(2)   [ Continued application of previous provisions]  

Section 1091C of the old Corporations Act, and any associated provisions, continue to apply to the extent necessary to allow for:

(a) the person to serve the notice within the 1 month period; and

(b) the consequences of not serving the notice within the period.