Document ID: chunk:federal_register_of_legislation:F2015L00631:reg:13
Version: federal_register_of_legislation:F2015L00631
Segment Type: reg
Provision Reference: reg 13
Character Range: 5648–6674

13  Section 27 of the Act does not apply to certain transactions
 (1) This section provides rules that apply instead of section 27 of the Act in relation to registering or dealing with certain transactions relating to stock.
 (2) Section 27 of the Act does not apply in relation to the following transactions:
 (a) a transaction relating to stock that is not a Treasury Note;
 (b) a transaction relating to a Treasury Note that has been issued on terms and conditions that do not include a term or condition that the owner of the stock is entitled to payment of interest at a specified rate or rates.
 (3) Instead, a transaction relating to stock (other than a Treasury Note) must not be registered or dealt with within 7 days before the date of maturity of the stock.
Note 1: Transactions relating to stock covered by paragraph (2)(a) may be registered or dealt with regardless of when interest is due.
Note 2: Transactions relating to Treasury Notes covered by paragraph (2)(b) may be registered or dealt with at any time.