(1) If the SCH business rules include provisions relating to the determination, for the purposes of conferring security benefits, of who holds or is taken to hold quoted securities at a particular time, those provisions have effect accordingly despite anything in:

(a)

this Act or the regulations; and

(b)

any other laws (written or unwritten) that apply to the conferral; and

(c)

any documents (for example, the body corporate's constitution or any relevant trust deed) that apply to the conferral.

(2) For the purposes of this section, conferring a security benefit means:

(a)

paying or transferring money or property to a person because the person holds or held a security; or

(b)

issuing securities to a person because the person holds or held a security; or

(c)

conferring a right on a person because the person holds or held a security.

Subdivision D—Miscellaneous