unknown Where a person has been shown in an appropriate register of a company
as the holder of securities of the company for a period of at least 6 years
and the company has, for a period of at least 6 years:
- (a)
- had reasonable
grounds for believing that the person was not residing at the address shown in
the register as the person's address; and
- (b)
- on each occasion during that last-mentioned period when, whether or not in
accordance with a provision of this Act, it sought to communicate with the
person, being unable after the exercise of reasonable diligence to do so;
the company may, by executing a transfer for and on behalf of the person,
transfer to ASIC:
- (c)
- the securities; and
- (d)
- any rights in respect of the securities;
to be dealt with under this Part.