Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 950

950. (1) Where, as at the end of the completion period in relation to a
reportable transaction that is a purchase by a dealer from another dealer:

   (a)  the first-mentioned dealer has supplied, or is ready, willing and able
        to supply, to the other dealer, under the agreement for the purchase,
        the consideration for the purchase; and

   (b)  the other dealer has not supplied to the first-mentioned dealer, under
        that agreement, settlement documents in relation to the purchase; the
        first-mentioned dealer may make a claim in respect of the purchase.

(2) Where a dealer makes a claim in respect of a purchase of eligible
securities by the claimant from another dealer and the Board is satisfied
that:

   (a)  subsection (1) entitles the claimant to make the claim;

   (b)  the claimant has:

        (i)    for the purposes of the claim, paid to SEGC; or

        (ii)   under the agreement for the purchase, paid to the other dealer;
the amount of the consideration for the purchase;

   (c)  settlement documents in relation to the purchase have not been
        supplied to the claimant under the agreement for the purchase; and

   (d)  the agreement has not been discharged or otherwise terminated; SEGC
        shall allow the claim and, subject to section 953, supply to the
        claimant settlement documents in relation to the purchase.