CORPORATIONS REGULATIONS 2001 - REG 10.2.114 Sufficient transfer by authorised trustee corporation

CORPORATIONS REGULATIONS 2001 - REG 10.2.114

  (1)   This regulation applies if the arrangements for the completion of a document, to make the document:

  (a)   a sufficient transfer of marketable securities by an authorised trustee corporation under subsection   1102(1) of the old Corporations Act; or

  (b)   a sufficient transfer of marketable rights by an authorised trustee corporation under subsection   1102(2) of the old Corporations Act;

were not completed before the FSR commencement.

  (2)   Section   1102 of the old Corporations Act, and any associated provisions, continue to apply to the extent necessary to allow for the document to be duly completed, and treated as a sufficient transfer by an authorised trustee corporation, in accordance with the relevant arrangements.

  (3)   If the document is duly completed in accordance with the relevant arrangements, the document is also taken to be a sufficient transfer by an authorised trustee corporation for the purposes of the Act as in force after the FSR commencement.