Commonwealth Numbered Regulations

1997 No. 81 CORPORATIONS REGULATIONS (AMENDMENT) - REG 2

2.1 After regulation 7.3.01A, insert: Exemptions from Chapter 7 of the
Corporations Law - dealings by the Exchange or OCH

"7.3.01B. (1) In this regulation:
'OCH' means Options Clearing House Proprietary Limited;
'relevant agreement' means a relevant agreement that is prescribed for the
purposes of paragraph 92A (1) (b) of the Corporations Law.

"(2) Divisions 1 and 3 of Part 7.3, Parts 7.5, 7.6 and 7.7 and section 842 of
the Corporations Law do not have effect in relation to a dealing in securities
or in a relevant agreement if that dealing is effected by the Exchange or OCH
for the purposes of, or in connection with, the establishment, enforcement,
administration or observance of the business rules of the Exchange that relate
to securities or relevant agreements registered or to be registered with OCH.

"(3) Section 806 and Part 7.7 of the Corporations Law do not have effect in
relation to an act carried out by:

   (a)  an employee of the Exchange or OCH; or

   (b)  a person acting for the Exchange or OCH; or

   (c)  a person acting under an agreement with the Exchange or OCH; for the
        purposes of a dealing in securities or in a relevant agreement of a
        kind referred to in subregulation (2).".