Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 703A

Operating a clearing and settlement facility is not offering securities etc.

    Nothing that the operator of a clearing and settlement facility does in the course of, or in connection with, providing facilities for the settlement of transactions constitutes, for the purposes of this Chapter:

  (a)   an offer of securities for subscription or purchase; or

  (b)   an invitation to subscribe for or buy securities.


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