Commonwealth Numbered Acts

CORPORATE LAW REFORM ACT 1992 No. 210 of 1992 - SECT 126

126. Section 9 of the Corporations Law is amended:
(a) by adding at the end of the definition of "document" the following note:
"Note: In Division 3 of Part 7.13, 'document' has a meaning affected by the
definition of 'document' in subsection 1097(1).";

   (b)  by adding at the end of the definition of "prospectus" the following
        note: "Note: A written notice or instrument issued by the securities
        clearing house will not generally constitute a prospectus - see
        subsection 779J(1).";

   (c)  by adding at the end of the definition of "relevant interest" the
        following note: "Note: The activities of the securities clearing house
        will not generally give rise to a relevant interest - see subsection
        779J(2).";

   (d)  by adding at the end of the definition of "securities business" the
        following note: "Note: The activities of the securities clearing house
        will not generally constitute a securities business - see subsection
        779J(1).";

   (e)  by inserting the following definitions:

" 'proper SCH transfer' means:

   (a)  an SCH-regulated transfer of a quoted security or quoted right
        effected in accordance with the SCH business rules; or

   (b)  a transfer that is taken by section 1097D to be a proper SCH transfer;
'quoted right' has the meaning given by section 1097A; Note: The meaning of
'quoted right' may be extended by the SCH business rules (under section 1097B)
or by a Commission declaration (under section 1097C).
'quoted security' has the meaning given by section 1097A; Note: The meaning of
'quoted security' may be extended by the SCH business rules (under section
1097B) or by a Commission declaration (under section 1097C).
'SCH' is short for securities clearing house;
'SCH business rules' means the business rules (within the meaning of Chapter7)
of the securities clearing house;
'SCH participant' means a person who, or a partnership that, under the SCH
business rules, is entitled to participate in the facilities provided by the
securities clearing house;
'SCH-regulated transfer' means a transfer (within the meaning of Division 3 of
Part 7.13) of a quoted security or a quoted right that, according to the SCH
business rules, is an SCH-regulated transfer;
'securities clearing house' means the body corporate in relation to which an
approval under section 779B is in force;".