Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p122
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 122/148)
Character Range: 637602–640637

(if any) received in the period; and
 (e) be given not later than 2 weeks after the end of the period.

7.5.17  Amount of compensation
  For subsection 885E(5) of the Act, the rate of interest is 5%.

Division 4—NGF Compensation regime

Subdivision 4.1—Preliminary

7.5.18  Application of Division 4
  For sections 888A, 888B, 888C, 888D and 888E of the Act, this Division sets out arrangements relating to compensation in respect of a loss that is connected with a financial market to which Division 4 of Part 7.5 of the Act applies.
Note: The financial markets to which Division 4 of Part 7.5 of the Act applies are set out in section 887A of the Act.

7.5.18A  Caps on compensation
  A liability of the SEGC under Subdivision 4.3, 4.7, 4.8 or 4.9 to pay an amount in relation to a claim allowed under that Subdivision is subject to regulations 7.5.72A (participant‑related limits of compensation) and 7.5.72B (claimant‑related limits of compensation).
Note: A liability of the SEGC arising under other provisions of Subdivision 4.10 is also subject to regulations 7.5.72A and 7.5.72B.

Subdivision 4.2—Third party clearing arrangements

7.5.19  Clearing arrangements
 (1) For Subdivision 4.3, if:
 (a) a participant of Australian Stock Exchange Limited (the transacting participant) enters into a reportable transaction; and
 (b) under Australian Stock Exchange Limited's operating rules or under ACH's operating rules, another participant (the clearing participant) has the obligation to complete the transaction and all obligations ancillary to that completion;
regulations 7.5.24 to 7.5.27 (inclusive) apply in relation to the function of completing the transaction, as if the clearing participant, and not the transacting participant, had entered into the transaction.
 (2) For Subdivision 4.9, if:
 (a) a participant of Australian Stock Exchange Limited (the transacting member) enters into a reportable transaction; and
 (b) under Australian Stock Exchange Limited's operating rules or under ACH's operating rules, another participant (the clearing participant) has the obligation to complete the transaction and all obligations ancillary to that completion;
regulation 7.5.66 applies in relation to the function of completing the transaction as if the clearing participant, and not the transacting participant, had entered into the transaction.
 (3) For Subdivision 4.3, if:
 (a) a participant of the licensed CS facility operated by ACH (the transacting participant) enters into a reportable transaction; and
 (b) under the operating rules of ACH, another participant (the clearing participant) has the obligation to complete the transaction and all obligations ancillary to that completion;
regulations 7.5.24 to 7.5.27 (inclusive) apply in relation to the function of completing the transaction, as if the clearing participant, and not the transacting participant, had entered into the transaction.
 (3A) For Subdivision 4.3, if:
 (a) a participant of Australian Stock Exchange Limited (the transacting participant) enters