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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.11 - TITLE AND TRANSFER    View history reference

Division 4 - Transfer of financial products effected through prescribed CS facility    View history reference

SECTION 1074C  OPERATING RULES OF PRESCRIBED CS FACILITY MAY DEAL WITH TRANSFER OF TITLE  

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1074C(1)  [Transfer through facility]  


The operating rules of a prescribed CS facility may deal with the transfer of financial products through the facility.

1074C(2)  [Way in which product transferred]  


Without limiting subsection (1), the operating rules of a prescribed CS facility may deal with the way in which a financial product may be transferred, including specifying:


(a) the financial products that may be transferred through the facility; and


(b) how financial products are transferred through the facility; and


(c) the person or body (if any) authorised to determine whether a transfer substantially complies with the operating rules of the facility.

1074C(3)  [No discretion]  


Nothing in subsection (1) or (2) confers a discretion to deal with a matter in the operating rules of a prescribed CS facility if there is an obligation under section 822A for that matter to be dealt with in those rules.


 



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