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COMMONWEALTH INSCRIBED STOCK ACT 1911 - SECT 3

Interpretation

             (1)  In this Act, unless the contrary intention appears:

"certified copy" of an entry in a Stock Ledger, of an extract of an entry in a Stock Ledger or of a document means a copy of the entry, extract or document that is certified by a prescribed person to be a true copy.

"clearing and settlement facility" means a facility that is a clearing and settlement facility for the purposes of Chapter 7 of the Corporations Act 2001 .

"Registrar" means a Registrar of Stock or a Deputy Registrar of Stock.

"Registry" means a Registry for the inscription of stock.

"stock" means:

                     (a)  stock, Treasury Bonds, Treasury Notes or other prescribed securities created under subsection 4(1); and

                     (b)  stock (however described) created under subsection 4(1) as in force at any time before the commencement of Schedule 1 to the Commonwealth Inscribed Stock Amendment Act 2002 ; and

                     (c)  Treasury Bonds, debentures or other prescribed securities made out under subsection 51A(1) at any time before the commencement of subsection 51A(3).

"Treasury Bond" includes a Treasury Fixed Coupon Bond, a Treasury Indexed Bond and an Australian Consolidated Treasury Bond and any coupon issued in connection with a Treasury Bond.

             (2)  For the purposes of the application of this Act at a time before the commencement of Schedule 1 to the Financial Services Reform Act 2001 :

                     (a)  a reference in this Act to the operator of a clearing and settlement facility is taken to be a reference to:

                              (i)  a clearing house as defined by section 9 of the Corporations Act 2001 ; or

                             (ii)  the body corporate in relation to which an approval as a clearing house is in force under section 779B of that Act; and

                     (b)  a reference in this Act to the operating rules of a clearing and settlement facility is taken to be a reference to the business rules of a clearing house referred to in paragraph (a).


 

   



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