Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p120
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 120/148)
Character Range: 632462–635283

transferor) and another person (the transferee) only if:
 (a) in the case of an ASTC‑regulated transfer—the transferor does, or causes to be done, all things that the ASTC operating rules require to be done by or on behalf of the transferor to effect the transfer; or
 (b) in any other case—the transferor delivers, or causes to be delivered, to the transferee documents (transfer documents) that are sufficient to enable the transferee:
 (i) except in the case of Division 3 rights—to become registered as the holder of the securities; or
 (ii) in the case of Division 3 rights—to obtain the issue to the transferee of the securities to which the Division 3 rights relate;
  without the transferor doing anything more, or causing anything more to be done, by way of executing or supplying documents.
 (2) If a person:
 (a) causes property (other than securities or money) to be transferred to another person; or
 (b) causes documents that are sufficient to enable another person to become the legal owner of property (other than securities or money) to be delivered to another person;
the first‑mentioned person is taken to have transferred the property to the other person.
 (3) If a person causes money to be paid to another person, the first‑mentioned person is taken to have paid the money to the other person.

7.5.13  Effect of contravention of Part 7.5
  A contravention of a provision of this Part does not constitute an offence.

Division 2—When there must be a compensation regime

7.5.14  Application for Australian market licence: information about compensation arrangements
  For paragraph 881B(2)(c) of the Act, the following information, relating to proposed compensation arrangements, is prescribed:
 (a) the services and products provided by the financial market, and participants connected with the financial market;
 (b) the sources of all funds to be used for compensation;
 (c) the proposed minimum amount of cover, and how that amount has been calculated;
 (d) the number of markets to which the compensation arrangements are intended to apply;
 (e) details of any arrangement between the market operator and any other person associated with the operation of the compensation arrangement;
 (f) details of the payments that will be able to be made, in accordance with the compensation arrangements, that will not be payments required by the Act or another law;
 (g) the names of the persons responsible for the administration and monitoring functions mentioned in paragraphs 885I(1)(a), (b) and (c) of the Act, and details of the financial, technological and other resources to be used for those purposes;
 (h) the name of the proposed auditor of the accounts relating to the compensation arrangements;
 (i) the way in which the compensation arrangements will be monitored to ensure that they comply