Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 1097B

(1)

If the SCH business rules provide that marketable securities or marketable rights that stop being quoted securities or quoted rights are to be taken to continue to be quoted securities or quoted rights for a specified period, then, for the purposes of the provisions mentioned in subsection (3), those securities or rights are taken to be quoted securities or quoted rights during that period.

(2)

If the SCH business rules provide that marketable securities or marketable rights that:

(a)

are approved, by a securities exchange, to be listed for quotation on a stock market of a securities exchange, but that are not yet so listed; and

(b)

have been issued;

are to be taken to be quoted securities or quoted rights for a specified period, then, for the purposes of the provisions mentioned in subsection (3), those securities or rights are taken to be quoted securities or quoted rights during that period.

(3)

These are the provisions:

(a)

the definitions of proper SCH transfer, SCH certificate cancellation provisions, SCH-regulated transfer and SCH subregister in section 9; and

(b)

section 653A and the provisions of Parts 7.2A and 7.13, and of any regulations made for the purposes of those Parts.