Document ID: chunk:federal_register_of_legislation:C2024C00688:section:23
Version: federal_register_of_legislation:C2024C00688
Segment Type: section
Provision Reference: s 23
Character Range: 30037–30659

23  Holder of stocks: entity entitled to take ownership of stocks and no other entity is the holder
  For the purposes of paragraph 19(a), an entity (entity 1) is the holder of stocks of an MSO product under this section if:
 (a) another entity (entity 2) owns the stocks; and
 (b) the stocks are being stored in Australia by entity 2 or another entity; and
 (c) a legally enforceable arrangement, that meets any requirements prescribed by the rules, is in force between entity 1 and entity 2 under which entity 1 is to take ownership of the stocks; and
 (d) no other entity is the holder of the stocks under section 24.