Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 1097A

(1)

A quoted security is a marketable security in a class of marketable securities listed for quotation on a stock market of a securities exchange.

(2)

A quoted right is a marketable right in a class of marketable rights listed for quotation on a stock market of a securities exchange.

(3)

For the purposes of subsections (1) and (2), securities or rights in a class of marketable securities or marketable rights are not taken to have stopped being listed for quotation on a stock market of a securities exchange merely because of a temporary suspension of quotation of securities or rights in that class.

(4)

If:

(a)

there is a suspension of the quotation, on a stock market of a securities exchange, of marketable securities in a class of marketable securities, or of marketable rights in a class of marketable rights; and

(b)

during the suspension, the issuing body in relation to the securities or rights ceases to be included in an official list of the securities exchange;

then, for the purposes of subsections (1) and (2), marketable securities or marketable rights in that class are taken to stop being listed for quotation on a stock market of the securities exchange when the issuing body ceases to be so included.

(5)

Subsection (4) does not limit the circumstances in which marketable securities in a class of marketable securities, or marketable rights in a class of marketable rights, may be taken to have stopped being listed for quotation on a stock market of a securities exchange.