Document ID: chunk:federal_register_of_legislation:C2023C00415:section:24b
Version: federal_register_of_legislation:C2023C00415
Segment Type: section
Provision Reference: s 24B
Character Range: 21714–22859

24B  Record of equitable interests
 (1) The regulations may require a Registrar that is the operator of a clearing and settlement facility or is an incorporated company or other body corporate:
 (a) to keep a record (which may be a record kept by electronic means) of the ownership of any equitable interests in the stock; and
 (b) to comply with any provision made by the regulations in relation to the keeping of such a record.
 (2) Subsection (1) does not apply in relation to the keeping of a record of the ownership of any equitable interest in the stock that is a security interest within the meaning of the Personal Property Securities Act 2009, and to which that Act applies.
Note 1: The Personal Property Securities Act 2009 applies to certain security interests in personal property (including stock). See the following provisions of that Act:
(a) section 8 (interests to which the Act does not apply);
(b) section 12 (meaning of security interest);
(c) Chapter 9 (transitional provisions).
Note 2: That Act provides for registration in respect of security interests in personal property, including stock (see Chapter 5 of that Act).