Victorian Consolidated Regulations Victorian Consolidated Regulations(1) Stock that is inscribed in the stock register may be transferred if the transferor and transferee of the stock lodge at the registry an instrument of transfer and acceptance signed by the transferor and transferee.
(2) On receipt of an instrument of transfer and acceptance in accordance with subregulation (1), the registrar must register the instrument by taking the following actions—
(a) cancelling the inscription of the stock in the stock register in the name of the transferor;
(b) inscribing the stock in the stock register in the name of the transferee;
(c) issuing to the transferee a certificate of inscription.
(3) A person is not entitled to transfer stock worth less than $100 unless that stock is the remaining balance standing to that person's credit in the stock register.