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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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