THE CORPORATIONS LAW
CCH Note:
Part 13 of the Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 7 - SECURITIES
PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES
Division 3 - Transfer of marketable securities and marketable rights
Subdivision C - SCH-regulated transfers
SECTION 1109K
SCH-REGULATED TRANSFER NOT TO BE REGISTERED UNLESS PROPER SCH TRANSFER
1109K(1)
[No registration unless proper SCH transfer]
The issuing body in relation to a quoted security or quoted right must not register, or otherwise give effect to, an SCH-regulated transfer of the security or right unless the transfer is a proper SCH transfer.
1109K(2)
[Overriding effect of sec 1109(1)]
Subsection (1) has effect despite anything in:
(a)
the body's constitution; or
(b)
a deed relating to debentures; or
(c)
the constitution of a registered scheme; or
(d)
a deed relating to interests.