Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1074e:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1074E (pt 2/2)
Character Range: 4764471–4766258

or
 (d) is liable to indemnify another person against particular loss or damage; or
 (e) is entitled to assume a particular matter without inquiry.

Person involved in transfer
 (4) Without limiting paragraph (2)(c), the regulations may provide for any of the following to be taken to be involved in a transfer of a financial product:
 (a) a person who carries on a financial services business and who arranges for the transfer;
 (b) a person who operates a financial market on which the financial product is sold;
 (c) a person who operates a licensed CS facility through which the product is transferred;
 (d) the issuer of the product;
 (e) an associate of a person who is involved in the transfer.
The regulations may specify the circumstances in which a person will be taken to be an associate of another person for the purposes of the regulations.

Offences
 (5) Without limiting subsection (2), the regulations may provide for offences in relation to:
 (a) the lodgment of a transfer document or title document for a financial product with the issuer of the product; or
 (b) the use of identifying codes in relation to transfers of financial products; or
 (c) contraventions of the operating rules of a prescribed CS facility.

Civil liability
 (6) The regulations may also:
 (a) provide for the liability of a person who contravenes the operating rules of a prescribed CS facility to compensate a person for loss or damage the person suffers because of the conduct engaged in in contravention of those rules; and
 (b) specify the period within which an action for compensation must be begun.
 (7) The regulations do not affect a liability that a person has under any other law.

Jurisdiction
 (8) The regulations may apply to conduct engaged in in this jurisdiction or elsewhere.