CORPORATIONS ACT 2001 No. 50, 2001 - SECT 954 Making of claims
CORPORATIONS ACT 2001 No. 50, 2001 - SECT 954
Making of claims(1) Neither subsection 949(1) nor 950(1) entitles a person to make a claim in respect of:
- (a)
- a sale of securities by the person to another person; or
- (b)
- a purchase of securities by the person from another person;
- as the case may be, unless, on the day on which the agreement for the sale or
purchase was entered into:
- (c)
- the first-mentioned person was a member organisation of a participating exchange and carried on in this jurisdiction a securities business; and
- (d)
- the other person was a member organisation of a participating exchange.
(2) Neither subsection 951(1) nor 952(1) entitles a person to make a claim in respect of:
- (a)
- a sale of securities by another person on behalf of the first-mentioned person; or
- (b)
- a purchase of securities by another person on behalf of the first-mentioned person;
- as the case may be, unless, on the day on which the agreement for the sale or
purchase was entered into, the other person was a member organisation of a
participating exchange and carried on in this jurisdiction a securities
business.
(3) In subsections (1), (2) and (2A):
(4) A claim must be in writing and must be served on SEGC within 6 months after the day on which the claimant became entitled to make the claim. (5) A claim that is not made within the period prescribed by subsection (4) is barred unless the Board otherwise determines.