Document ID: chunk:federal_register_of_legislation:C2004A03415:body:0:p10
Version: federal_register_of_legislation:C2004A03415
Segment Type: other
Provision Reference: 
Character Range: 24729–27648

an AASE exchange's business rules as in force at any time before the relevant commencement, a person was:
        (i) suspended for a specified period from some or all of the rights of membership of that AASE exchange; or
        (ii) prohibited for a specified period from transacting business with or through a member or member organisation of an AASE exchange; and
     (b) as at that commencement, the specified period has not ended; then, as from that commencement:
     (c) the person is, throughout the remainder of the specified period, suspended from the corresponding rights of membership of the Exchange, or prohibited from transacting business with or through a member or member organisation of the Exchange, as the case may be; and

     (d) the suspension or prohibition referred to in paragraph (c) is subject to the terms and conditions (if any), with such modifications as the circumstances require, to which the suspension or prohibition referred to in paragraph (a) was subject immediately before the relevant commencement.

Seat redemption scheme
"36k. (1) In this section:
'available money' means:
        (a) if the Commission determines an amount in writing for the purposes of this paragraph—so much of the amount that the nominated exchange pays to the Exchange under subsection 36m (3) as does not exceed the amount that the Commission so determines;
        (b) amounts of levies imposed:
          (i) under the Exchange's business rules;
          (ii) on local members; and
          (iii) for the purposes of enabling the Exchange to comply with the Scheme;
        (c) fees payable, in respect of their admission to membership of the Exchange, by persons who immediately after their admission are local members; and
        (d) the interest and profits accruing from the investment of money that is available money by virtue of a previous application or previous applications of this definition;
     'eligible person' means a person who was throughout the relevant period a member of the nominated exchange;
     'local member' means a member of the Exchange whose Home Jurisdiction for the purposes of the Exchange's articles is the Territory;
     'relevant period' means the period commencing immediately before 1 July 1983 and ending immediately before the relevant commencement;
     'Scheme' means the seat redemption scheme (if any) of the nominated exchange, being the scheme particulars of which are set out in the notice referred to in the definition of 'nominated exchange' in subsection 36a (1).
"(2) After the relevant commencement, the Scheme has effect, with such modifications as the circumstances require, as if the Exchange were substituted for the nominated exchange as a party to the Scheme and, except in relation to a time before that commencement:
     (a) a reference in the provisions of the Scheme to the nominated exchange or to the committee of the nominated