THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 7 - Unauthorised transfer

SECTION 955   INTERPRETATION  

955(1) 

In this Division, unless the contrary intention appears:

``claim'' means a claim under this Division against SEGC;

``dealer'' means a member of a participating exchange;

``securities'' means marketable securities or marketable rights within the meaning of Division 3 of Part 7.13;

``transferor'' has the meaning given by paragraph 956(3)(b);

``transferred securities'' has the meaning given by paragraph 956(3)(c);

``unauthorised execution'' has the meaning given by paragraph 956(3)(a).
 View history note

955(2)  [Document deemed executed]  

For the purposes of subsection 956(1), a dealer shall be deemed to have executed a document of transfer in relation to securities on behalf of a person as transferor of the securities if the document states that the person is the transferor of the securities and purports to have been stamped with the dealer's stamp as the transferor's broker.

 View history note

 

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