Commonwealth Numbered Regulations

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1981 No. 8 PIPELINE AUTHORITY (T.P.A. STOCK) REGULATIONS - REG 15

Transfer of stock from one Registry to another with change of ownership
15. (1) The owner of stock may, by an instrument of transfer and acceptance,
in accordance with an approved form, executed by both parties and lodged at
the Registry at which the stock is inscribed, transfer stock to the name of
another person in the Stock Ledger at another Registry.

(2) Each signature on an instrument referred to in sub-regulation (1) shall be
verified in a manner approved by the Authority.

(3) A transfer of stock under sub-regulation (1) shall be effected-

   (a)  by cancelling the inscription of the stock in the name of the
        transferor in the Stock Ledger at the Registry first-mentioned in
        sub-regulation (1); and

   (b)  by inscribing the stock in the name of the transferee in the Stock
        Ledger at the other Registry referred to in sub-regulation (1).



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