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 7.2A - THE SECURITIES CLEARING HOUSE
History
Pt 7.2A inserted by No 210 of 1992, s 128 (effective 23 June
1993).
SECTION 779F
SCH BUSINESS RULES HAVE EFFECT AS CONTRACT
779F(1)
[Who is contractually bound by rules]
The SCH business rules have effect, by force of this section, as a contract under seal:
(a)
between the SCH and each issuer; and
(b)
between the SCH and each SCH participant; and
(c)
between each issuer and each SCH participant; and
(d)
between an SCH participant and each other SCH participant;
under which each of the persons mentioned in paragraphs (a) to (d) agrees to observe and perform the provisions of the SCH business rules as in force for the time being to the extent, and in the manner, provided by the SCH business rules.
History
S 779F(1) substituted by No 104 of 1994, Sch 2 (effective 15 July 1994).
S 779F(1) inserted by No 210 of 1992, s 128 (effective 23 June 1993).
779F(2)
[``issuer'']
In this section:
``issuer''
means an issuing body, within the meaning of
Division 3 of Part 7.13,
in relation to quoted securities or quoted rights.
History
S 779F(2) substituted by No 104 of 1994, Sch 2 (effective 15 July 1994).
S 779F(2) inserted by No 210 of 1992, s 128 (effective 23 June
1993).
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