Document ID: chunk:federal_register_of_legislation:C2004A01267:clause:2_77ca
Version: federal_register_of_legislation:C2004A01267
Segment Type: clause
Provision Reference: sch 2 cl 77CA
Character Range: 4096–4866

77CA  Borrowing or raising money by dealing in securities

 (1) Without limiting subclause 77C(1), the industry services body may, under that subclause, borrow money, or raise money otherwise than by borrowing, by dealing with securities.

 (2) In this clause:

dealing with securities includes:
 (a) creating, executing, entering into, drawing, making, accepting, endorsing, issuing, discounting, selling, purchasing or re‑selling securities; and
 (b) creating, selling, purchasing or re‑selling rights or options in respect of securities; and
 (c) entering into agreements or other arrangements relating to securities.

securities includes stocks, debentures, debenture stocks, notes, bonds, promissory notes, bills of exchange and similar instruments or documents.