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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 1074D  VALID AND EFFECTIVE TRANSFER IF OPERATING RULES COMPLIED WITH  

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1074D(1)  [Valid and effective transfer]  


If a transfer of a financial product is effected:


(a) through a prescribed CS facility; and


(b) in accordance with the operating rules of the facility;

the transfer is valid and effective for the purposes of any law or instrument governing or relating to the way in which the financial product may be transferred.

1074D(2)  [Transfer substantially complying with rules]  


For the purposes of this section, the transfer of a financial product is taken to be, and always to have been, effected in accordance with the operating rules of a prescribed CS facility if the person or body authorised to do so under those rules determines that the transfer substantially complies with those rules.


 



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