Document ID: chunk:federal_register_of_legislation:C2004A04041:section:1990:p112
Version: federal_register_of_legislation:C2004A04041
Segment Type: section
Provision Reference: s 1990 (pt 112/212)
Character Range: 294970–298068

nexus between dealer and this jurisdiction

"966a. This Division does not, because of a person (in this section called the 'dealer') having become insolvent on a particular day, entitle a person to make a claim in respect of property unless the dealer was on that day a member of a participating exchange and:

     (a) the dealer was carrying on a securities business in this jurisdiction on that day (whether on his, her or its own account or in partnership); or

     (b) if the dealer was not so carrying on such a business—the last securities business that the dealer carried on (whether on his, her or its own account or in partnership) before that day was carried on in this jurisdiction.".

Subsection 977 (1):

Before "requires" insert "of the Corporations Law of this jurisdiction".

SCHEDULE 1—continued

Section 977 (2):

Omit "relating to arbitration that is in force in the State or Territory where the arbitration is to take place", substitute "of this jurisdiction relating to arbitration".

Subsections 977 (4), (5) and (6):

  Omit "law", substitute "previous law of this jurisdiction".

Subsections 988 (1), 990 (1) and 990 (2) and section 992:

  Omit "law", substitute "previous law of this jurisdiction".

Subsection 988 (3):

     (a) Omit "corresponding law", substitute "previous law of this jurisdiction corresponding to a provision of this Part".

     (b) Omit "the provision of this Part to which that corresponding law corresponds", substitute "that provision of this Part".

Subsections 988 (5) and (6) and 993 (1) and (2):

     (a) Omit "corresponding law", substitute "previous law of this jurisdiction corresponding to a provision of this Part".

     (b) Omit "the provision of this Part to which that law corresponds", substitute "that provision of this Part".

Subsection 989 (1):

  After "corresponding" (twice occurring) insert "previous".

Subsection 989 (2):

  Before "commencement" insert "the".

Division 1 of Part 7.11:

  Repeal the Division.

Subsection 995 (1):

  Omit the subsection.

Subsection 997 (1):

Omit "corporation" (wherever occurring), substitute "body corporate".

Subsections 997 (2) and (3):

  Omit the subsections.

Subsection 997 (4):

Omit "corporation" (wherever occurring), substitute "body corporate".

SCHEDULE 1—continued

Subsections 997 (5) and (6):

  Omit the subsections.

Subsection 997 (7):

Omit "corporation" (wherever occurring), substitute "body corporate".

Subsections 997 (8) and (9):

  Omit the subsections.

Subsection 998 (1):

  Omit "eligible" (wherever occurring).

Subsection 998 (2):

  Omit the subsection.

Subsection 998 (3):

  Omit "eligible".

Subsection 998 (4):

  Omit the subsection.

Subsection 998 (5):

  Omit "subsections (1) and (2)", substitute "subsection (1)".

Subsection 998 (6):

  Omit "or (2)".

Subsection 998 (8):

  Omit "or (4)".

Section 999:

  Repeal the section, substitute:

False or misleading statements in relation to securities

"999. A person must not make a statement, or disseminate information, that is false in a material particular or materially misleading