Commonwealth Numbered Regulations

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1989 No. 149 TELECOM AUSTRALIA STOCK REGULATIONS - REG 12

Transmission of stock
12. (1) A person to whom stock is transmitted may apply to be inscribed as the
owner of the stock.

(2) An application must be made in accordance with an approved form lodged at
the Registry at which the stock is inscribed and must be executed by the
applicant.

(3) Each signature on an application must be verified in a manner approved by
Telecom.

(4) In the case of a transmission consequent on death, the probate of the
will, letters of administration, or other instrument that is evidence that a
person is entitled to the estate of a deceased person, or is authorised to
administer the estate of a deceased person, must be lodged at the Registry at
which the stock is inscribed.

(5) In the case of a transmission consequent on bankruptcy, an office copy of
the adjudication or order of sequestration must be lodged at the Registry at
which the stock is inscribed.

(6) A transmission of stock is to be effected by entering a record of the
transmission in the Stock Ledger and by inscribing in the Stock Ledger as
owner of the stock the name of the person to whom the stock has been
transmitted. 


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