Commonwealth Numbered Regulations

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CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 7.6.01

Dealer's trust accounts: exempt
(1)
Sections 866, 867, 868 and 872 of the Act do not have effect in relation to a dealing in securities carried on by a body corporate to which this regulation applies.

(2)
This regulation applies to a body corporate that is a public company as defined in section 9 of the Act and has a paid-up capital of not less than $4,000,000, the principal functions of which include:

(a)
underwriting issues of securities; or

(b)
advising and assisting bodies corporate in relation to:

(i)
the raising of capital; or
(ii)
corporate reconstructions and amalgamations; or
(iii)
the acquisition of securities primarily for the purpose of controlling another body corporate or other bodies corporate; or
(c)
doing anything incidental to the management and administration of investments of clients where the amount of the investments managed or administered for each client is not less than $200,000.



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