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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 954W

Interpretation

In this Division:

"claim" means a claim under this Division against SEGC.

"claimable obligation" means:

(a)
an obligation to transfer securities under an agreement for the purchase of securities, where the purchase is, for the purposes of Division 6, a reportable transaction; or

(b)
an obligation to transfer securities under a replacement agreement in relation to an agreement of the kind referred to in paragraph (a) that has been novated; or

(c)
an obligation to transfer securities under a guaranteed securities loan; or

(d)
an obligation to transfer securities under a replacement agreement in relation to a guaranteed securities loan that has been novated; or

(e)
an obligation to transfer securities that arose as mentioned in paragraph 954P(1)(b).

"discharge", in relation to an obligation, means:

(a)
except in the case of a purchase obligation—discharge the whole or a part of the obligation; or

(b)
in the case of a purchase obligation—discharge the whole of the obligation.

"purchase obligation" means an obligation of the kind referred to in paragraph (a) of the definition of claimable obligation .


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