THE CORPORATIONS LAW

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 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES

Division 3 - Transfer of marketable securities and marketable rights

Subdivision A - Interpretation

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SECTION 1097B SCH BUSINESS RULES MAY EXTEND MEANING OF QUOTED SECURITIES OR QUOTED RIGHTS

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1097B(1) [Securities or rights no longer quoted]

If the SCH business rules provide that marketable securities or marketable rights that stop being quoted securities or quoted rights are to be taken to continue to be quoted securities or quoted rights for a specified period, then, for the purposes of the provisions mentioned in subsection (3), those securities or rights are taken to be quoted securities or quoted rights during that period.

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1097B(2) [Securities or rights before listing]

If the SCH business rules provide that marketable securities or marketable rights that:

(a) are approved, by a securities exchange, to be listed for quotation on a stock market of a securities exchange, but that are not yet so listed; and

(b) have been issued;

are to be taken to be quoted securities or quoted rights for a specified period, then, for the purposes of the provisions mentioned in subsection (3), those securities or rights are taken to be quoted securities or quoted rights during that period.

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1097B(3) [Applied provisions]

These are the provisions:

(a) the definitions of ``proper SCH transfer'', ``SCH certificate cancellation provisions'', ``SCH-regulated transfer'' and ``SCH subregister'' in section 9; and

(b) section 653A and the provisions of Parts 7.2A and 7.13, and of any regulations made for the purposes of those Parts.

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