Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW
- SECT 770B

(1)

For the purposes of subsections 770A(1) and (2), separate stock markets exist in relation to different kinds of interests in a registered scheme even though:

(a)

the stock markets are conducted by the same body corporate; and

(b)

the same business rules of the body corporate apply to the conduct of the stock markets.

(2)

For the purposes of subsection (1):

(a)

unless paragraph (b) applies, the interests in a registered scheme constitute a kind of interest in the scheme; and

(b)

if a particular scheme relates to a number of different undertakings in relation to interests—the interests in the scheme are taken to be divided into a number of kinds, with each kind consisting of the interests to which a particular one of those undertakings relates.