purchase
, in relation to securities, includes, in the case of an
option contract under which a party acquires an option or right from another
party, acquire the option or right under the contract, or take an assignment
of the option or right, whether or not on another's
behalf.
securities , in relation to a body corporate,
means any of the following:
- (a)
- shares in the body
corporate;
- (b)
- debentures (including
convertible notes) issued by the body
corporate;
- (c)
- interests in a managed
investment scheme made available by the body
corporate;
- (d)
- units of shares referred
to in paragraph (a);
- (e)
- an option contract under
which a party acquires from another party an option or right, exercisable at
or before a specified time, to buy from, or sell to, that other party a number
of securities of a kind referred to in paragraph (a), (b), (c) or (d) at a
price specified in, or to be determined in accordance with, the contract;
but does not include a futures contract or an excluded
security.
sell , in relation to
securities, includes, in the case of an option contract under which a party
acquires an option or right from another party:
- (a)
- grant or assign the option
or right; or
- (b)
- take, or cause to be
taken, such action as releases the option or right;
whether or not on another's behalf.
- (2)
- A provision of this
Division or of section 1013 that applies in relation to securities of a body
corporate:
- (a)
- also
applies in relation to securities (as defined by subsection 92(1)) issued by a
government, an unincorporated body or any other person;
and
- (b)
- applies, in relation to
securities so issued, in the same way, as nearly as practicable, as if the
government, body or person were a body corporate.
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Commonwealth Repealed Acts