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 779J
PROVISION OF SETTLEMENT FACILITIES NOT A SECURITIES BUSINESS ETC.
779J(1)
[Securities business, etc]
Nothing that the securities clearing house does in the course of, or in connection with, providing facilities for the settlement of transactions constitutes, for the purposes of this Law:
(a)
a securities business; or
(b)
an offer of securities for subscription or purchase; or
(c)
an invitation to subscribe for or buy securities.
History
S 779J(1) inserted by No 210 of 1992, s 128 (effective 23 June 1993).
779J(2)
[Relevant interests]
The securities clearing house does not, for the purposes of this Law, have a relevant interest in a security merely because of its provision of facilities for the settlement of transactions.
History
S 779J(2) amended by No 156 of 1999, Sch 3, Pt 9 (effective 13 March 2000).
S 779J(2) inserted by No 210 of 1992, s 128 (effective 23 June 1993).
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