THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES

Division 4 - Exemptions and modifications

SECTION 1113A   POWER OF COMMISSION TO EXTEND APPLICATION OF DIVISION 3  

1113A(1)  [Declaration that Div 3 to apply to certain securities]  

The Commission may, by writing, declare that Division 3, and regulations made for the purposes of the provisions of that Division, are to apply to particular non-marketable securities, or a particular class of non-marketable securities, as if those securities, or securities of that class, were marketable securities or marketable rights within the meaning of that Division.

1113A(2)  [Modifications to Div 3]  

In a declaration under subsection (1), the Commission may also specify modifications of Division 3, and of regulations made for the purposes of the provisions of that Division, that are to have effect in relation to the application of that Division and those regulations to the non-marketable securities, or the class of non-marketable securities, to which the declaration relates.

1113A(3)  [Effect of declaration]  

A declaration under subsection (1) has effect accordingly.

1113A(4)  [Copy of declaration to be published]  

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

1113A(5)  [``non-marketable securities'']  

In this section:

``non-marketable securities'' means securities that are not marketable securities or marketable rights within the meaning of Division 3.