THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 10 - Transitional

SECTION 990   MONEY PAYABLE UNDER CORRESPONDING PREVIOUS LAW  

990(1)  [Money deemed payable to participating exchange]  

Any money that, immediately before the commencement of this Part, was payable to a participating exchange under a previous law of this jurisdiction corresponding to section 944 shall be deemed to be payable under that section.

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990(2)  [Money deemed payable to SEGC]  

Any money that was payable immediately before the commencement of this Part, or would if this Part had not been enacted have become payable, to NSEGC under a corresponding previous law of this jurisdiction shall be paid to SEGC and, if any money so paid to SEGC would, if this Part had not been enacted and the money had been paid to NSEGC, have been payable by NSEGC to the previous Fund, that money shall be paid by SEGC to the Fund.

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