Document ID: chunk:federal_register_of_legislation:C2004A03415:body:0:p35
Version: federal_register_of_legislation:C2004A03415
Segment Type: other
Provision Reference: 
Character Range: 87148–89932

was made, was included in an approval in force under subsection (3) in relation to the payment;
shall pay into the account, from its general funds, an amount equal to the amount of the first-mentioned payment.
"(8) In this section, 'securities industry' means the securities industry in Australia or in a part of Australia.

Investment
"122gd. (1) Money that is in a development account kept by a participating exchange and is not immediately required for the purposes of making payments as permitted by subsection 122gc (2) may be invested by the participating exchange in a permitted manner.
"(2) The interest and profits from time to time accruing from the investment of money in a development account shall be paid into the account.

Accounts
"122ge. (1) A participating exchange that is a securities exchange shall, in respect of each financial year at any time during which there is money in a development account kept by the participating exchange, lodge with the Commission, before the prescribed day for that financial year, a statement containing, in relation to payments out of such an account during that year, such information as is prescribed.
"(2) In this section:
     'financial year', in relation to a participating exchange, means a period that is, for the purposes of the Companies Act 1981, a financial year of the participating exchange;
     'prescribed day', in relation to a financial year of a participating exchange, means the day that is 3 months after the end of that financial year.

"Division 6—Contract Guarantees

Interpretation
     "122h. In this Division, unless the contrary intention appears:
     'claim' means a claim under this Division against the Corporation;
     'completion period', in relation to a sale or purchase of securities by a dealer, means:
        (a) if the business rules of a participating exchange of which the dealer is a member organisation, being those business rules as in force when the agreement for the sale or purchase is made, prescribe a period, for the purposes of this paragraph, in relation to a class of sales or purchases that includes the sale or purchase—that period; or
        (b) otherwise—a period that is reasonable, having regard to all the circumstances relating to the sale or purchase;
     'dealer' means a person who, or a partnership that, is or has at any time been a member organisation of a participating exchange;
     'prescribed period', in relation to a sale or purchase of securities by a dealer, means:
        (a) if the business rules of a participating exchange of which the dealer is a member organisation, being those business rules as in force when the agreement for the sale or purchase is made, prescribe a period, for the purposes of this paragraph, in relation to a class of