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This legislation has been repealed.
CORPORATIONS LAW
- SECT 779J
Provision of settlement facilities not a securities business etc.
- (1)
- Nothing that the securities clearing house does in the course of, or in connection with, providing facilities for the settlement of transactions constitutes, for the purposes of this Law:
- (a)
- a securities business; or
- (b)
- an offer of securities for subscription or purchase; or
- (c)
- an invitation to subscribe for or buy securities.
- (2)
- The securities clearing house does not, for the purposes of this Law, have a relevant interest in a security merely because of its provision of facilities for the settlement of transactions.