CORPORATIONS REGULATIONS 2001 - REG 10.2.25 Status of claim against the National Guarantee Fund

CORPORATIONS REGULATIONS 2001 - REG 10.2.25

  (1)   This regulation applies if:

  (a)   a person made a claim in relation to a matter, before the FSR commencement, under a provision of any of the following Divisions of the old Corporations Act:

  (i)   Division   6 of Part   7.10 (dealing with contract guarantees);

  (ii)   Division   6A of Part   7.10 (dealing with securities loans guarantees);

  (iii)   Division   6B of Part   7.10 (dealing with net obligations);

  (iv)   Division   6C of Part   7.10 (dealing with transfer service delivery guarantees);

  (v)   Division   7 of Part   7.10 (dealing with unauthorised transfer);

  (vi)   Division   7A of Part   7.10 (dealing with contraventions of SCH certificate cancellation provisions);

  (vii)   Division   8 of Part   7.10 (dealing with insolvent members); and

  (b)   the claim had not been withdrawn, or finally determined in accordance with the old Corporations Act, before the FSR commencement.

  (2)   On and after the FSR commencement:

  (a)   Division   1, and Divisions   6 to 9, of Part   7.10 of the old Corporations Act continue to have effect in relation to the claim; and

  (b)   regulations made for Part   7.10 of the old Corporations Act, as in force immediately before the FSR commencement, continue to have effect in relation to the claim; and

  (c)   Part   7.5 of the Act has effect in relation to a matter to which paragraphs   (a) and (b) do not apply.