COMMONWEALTH INSCRIBED STOCK ACT 1911 - SECT 3 Interpretation
COMMONWEALTH INSCRIBED STOCK ACT 1911 - SECT 3
Interpretation(1) In this Act, unless the contrary intention appears:
"certified copy" of an entry in a Stock Ledger, of an extract of an entry in a Stock Ledger or of a document means a copy of the entry, extract or document that is certified by a prescribed person to be a true copy.
"clearing and settlement facility" means a facility that is a clearing and settlement facility for the purposes of the Corporations Act 2001 .
"depository interest" means a beneficial interest in stock issued by a depository nominee (as a depository nominee).
"depository interest registry operator" means a person who has been engaged by a depository nominee to make payments:
(a) on behalf of the depository nominee; and
(b) to holders of depository interests issued by the depository nominee; and
(c) on account of those interests.
"depository nominee" means a person who, with the agreement of the Commonwealth, issues to someone else one or more beneficial interests in stock the person:
(b) would own beneficially, apart from the issue of those interests; or
(c) has a beneficial interest in.
"Registrar" means a Registrar of Stock or a Deputy Registrar of Stock.
"Registry" means a Registry for the inscription of stock.
(a) stock, Treasury Bonds, Treasury Notes or other prescribed securities created under subsection 4(1); and
(b) stock (however described) created under subsection 4(1) as in force at any time before the commencement of Schedule 1 to the Commonwealth Inscribed Stock Amendment Act 2002 ; and
(c) Treasury Bonds, debentures or other prescribed securities made out under subsection 51A(1) at any time before the commencement of subsection 51A(3).
"Treasury Bond" includes a Treasury Fixed Coupon Bond, a Treasury Indexed Bond and an Australian Consolidated Treasury Bond and any coupon issued in connection with a Treasury Bond.
(2) For the purposes of the application of this Act at a time before the commencement of Schedule 1 to the Financial Services Reform Act 2001 :
(a) a reference in this Act to the operator of a clearing and settlement facility is taken to be a reference to:
(i) a clearing house as defined by section 9 of the Corporations Act 2001 ; or
(ii) the body corporate in relation to which an approval as a clearing house is in force under section 779B of that Act; and
(b) a reference in this Act to the operating rules of a clearing and settlement facility is taken to be a reference to the business rules of a clearing house referred to in paragraph (a).