Commonwealth Numbered Acts

CORPORATE LAW REFORM ACT 1992 No. 210 of 1992 - SECT 153

153. Section 958 of the Corporations Law is amended:

   (a)  by omitting paragraph (1)(a) and substituting the following paragraph:

"(a) in any case:

        (i)    if subsection 956(1) applies - the person stated in the
               document as the transferee of the transferred securities; or

        (ii)   if subsection 956(2) applies - the person in whose favour the
               proper SCH transfer was effected, or purported to be effected;
               or";

   (b)  by omitting from paragraph (1)(b) "the person so stated" and
        substituting "that person";

   (c)  by omitting from paragraph (2)(a) "execution of the document" and
        substituting "unauthorised execution".