THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.2 - SECURITIES EXCHANGES AND STOCK MARKETS

SECTION 770B   SECTION 770A STOCK MARKETS - SEPARATE MARKETS EXIST IN RELATION TO DIFFERENT KINDS OF PRESCRIBED INTERESTS  

770B(1)  [Stock markets conducted by same body corporate]  

For the purposes of subsections 770A(1) and (2), separate stock markets exist in relation to different kinds of interests in a registered scheme even though:

(a)  the stock markets are conducted by the same body corporate; and

(b)  the same business rules of the body corporate apply to the conduct of the stock markets.

770B(2)  [What is a kind of prescribed interest]  

For the purposes of subsection (1):

(a)  unless paragraph (b) applies, the interests in a registered scheme constitute a kind of interest in the scheme; and

(b)  if a particular scheme relates to a number of different undertakings in relation to interests - the interests in the scheme are taken to be divided into a number of kinds, with each kind consisting of the interests to which a particular one of those undertakings relates.