(1) For this chapter, the following property is
taken to be located in the place stated—
(a) marketable securities of a
company—in the State the company is taken to be registered under the
Corporations Act ;
(b) units in a unit trust—in the place where the
register on which the units are registered is kept or, if the register is not
kept in Australia, in the place of residence of the manager or responsible
entity of the unit trust;
(c) debt securities of a government of a State—in
that State;
(d) an insured person’s interest in, or right to receive
amounts payable under, a policy of insurance that is security for a premium
funding agreement—the place of residence of the insured person.
(2)
Subsection (1) (a) is declared to be a Corporations legislation displacement
provision for the Corporations Act , section 5G , in relation to section 1070A
(4) of that Act.
