Document ID: chunk:federal_register_of_legislation:C2004A04501:schedule:2:p14
Version: federal_register_of_legislation:C2004A04501
Segment Type: schedule
Provision Reference: sch 2 (pt 14/22)
Character Range: 469571–472368

transfer takes effect;

     those provisions have effect for the purposes of this Division.".

164. After section 1097 of the Corporations Law the following sections are inserted:

Quoted securities and rights

"1097A.(1) A quoted security is a marketable security in a class of marketable securities listed for quotation on a stock market of a securities exchange.

"(2) A quoted right is a marketable right in a class of marketable rights listed for quotation on a stock market of a securities exchange.

"(3) For the purposes of subsections (1) and (2), securities or rights in a class of marketable securities or marketable rights are not taken to have stopped being listed for quotation on a stock market of a securities exchange merely because of a temporary suspension of quotation of securities or rights in that class.

  "(4) If:

     (a)     there is a suspension of the quotation, on a stock market of a securities exchange, of marketable securities in a class of marketable securities, or of marketable rights in a class of marketable rights; and

     (b)     during the suspension, the issuing body in relation to the securities or rights ceases to be included in an official list of the securities exchange;

then, for the purposes of subsections (1) and (2), marketable securities or marketable rights in that class are taken to stop being listed for quotation on a stock market of the securities exchange when the issuing body ceases to be so included.

"(5) Subsection (4) does not limit the circumstances in which marketable securities in a class of marketable securities, or marketable rights in a class of marketable rights, may be taken to have stopped being listed for quotation on a stock market of a securities exchange.

SCH business rules may provide that securities or rights continue to be quoted securities or rights

"1097B. If the SCH business rules provide that marketable securities or marketable rights that stop being quoted securities or quoted rights are to be taken to continue to be quoted securities or quoted rights for a specified period, then, for the purposes of:

    (a)     the definitions of 'proper SCH transfer' and 'SCH-regulated transfer' in section 9; and

    (b)     Parts 7.2A and 7.13, and any regulations made for the purposes of any of the provisions of those Parts;

those securities are taken to be quoted securities or quoted rights during that period.

Commission may declare Law applies to securities as if they were quoted securities or rights

"1097C.(1) The Commission may, by writing, declare that this Law, and the regulations, or that specified provisions of this Law and the regulations, have effect (subject to any modifications specified in the declaration) in relation to particular securities, or a particular class of