Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.11 - TITLE AND TRANSFER  

Division 4 - Transfer of financial products effected through prescribed CS facility  

SECTION 1074C   OPERATING RULES OF PRESCRIBED CS FACILITY MAY DEAL WITH TRANSFER OF TITLE  

1074C(1)   [ Transfer through facility]  

The operating rules of a prescribed CS facility may deal with the transfer of financial products through the facility.

1074C(2)   [ Way in which product transferred]  

Without limiting subsection (1), the operating rules of a prescribed CS facility may deal with the way in which a financial product may be transferred, including specifying:

(a) the financial products that may be transferred through the facility; and

(b) how financial products are transferred through the facility; and

(c) the person or body (if any) authorised to determine whether a transfer substantially complies with the operating rules of the facility.

1074C(3)   [ No discretion]  

Nothing in subsection (1) or (2) confers a discretion to deal with a matter in the operating rules of a prescribed CS facility if there is an obligation under section 822A for that matter to be dealt with in those rules.