Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:21:p18
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 21 (pt 18/24)
Character Range: 1518664–1521321

subregulation (1), that a thing was done in accordance with the ASTC operating rules, the thing is taken to have been done in accordance with those rules.
 (3) If the prescribed CS facility operated by ASTC:
 (a) acts on behalf of the issuer in relation to a Division 4 financial product; and
 (b) as part of that function assumes, in reliance on subregulation (1), that a thing was done in accordance with the ASTC operating rules;
the issuer is also taken to assume, and to be entitled to assume, that the thing was done in accordance with the ASTC operating rules.

7.11.35  ASTC‑regulated transfer not to be registered unless proper ASTC transfer
 (1) The issuer in relation to a Division 4 financial product must not register, or otherwise give effect to, an ASTC‑regulated transfer of the Division 4 financial product unless the transfer is a proper ASTC transfer.
 (2) Subregulation (1) has effect despite anything in:
 (a) the issuer's constitution; or
 (b) a deed relating to debentures; or
 (c) the constitution of a registered scheme; or
 (d) a deed relating to interests.

7.11.36  Issuer not to refuse to register proper ASTC transfer
  The issuer in relation to a Division 4 financial product must not:
 (a) refuse or fail to register a proper ASTC transfer of the Division 4 financial product; or
 (b) refuse or fail to give effect to a proper ASTC transfer of the Division 4 financial product.

7.11.37  Determination of who holds Division 4 financial products for the purposes of meeting
 (1) This regulation applies to a meeting of the holders of securities of a body corporate if some or all of the securities are Division 4 financial products.
 (2) The convener of the meeting may determine that all the securities of the body corporate that are Division 4 financial products at a specified time before the meeting are taken, for the purposes of the meeting, to be held by the persons who held them at the specified time.
 (3) The specified time:
 (a) must satisfy any applicable requirements of the ASTC operating rules; but
 (b) in any case, must not be more than 48 hours before the meeting.
 (4) The convenor must make a determination:
 (a) in accordance with any applicable requirements of the ASTC operating rules as to the way in which it must be made; but
 (b) in any case, before notice of the meeting is given.
 (5) The convenor must include particulars of the determination in the notice of the meeting.
 (6) However, a failure to include particulars of the determination in the notice of the meeting does not invalidate the determination.
 (7) The convenor's determination has effect accordingly despite anything in:
 (a) the