Definitions
7.11.01 Definitions
In this Part:
associate, in relation to a broker or participant, means:
if the broker or participant:
is a member of a firm of brokers or participants; and
is not a broker’s agent or a participant’s agent;
any other member of the firm; or
if:
the broker or participant is the agent or employee of another broker or participant; and
the other broker or participant is not a member of a firm of brokers or participants;
the other broker or participant; or
if:
the broker or participant is the agent or employee of another broker or participant; and
the other broker or participant is a member of a firm of brokers or participants;
any member of that firm.
ASTC subregister means a subregister of Division 4 financial products maintained in accordance with the ASTC operating rules.
beneficial owner, in relation to Division 3 securities, means a person for whom a licensed trustee company, a Public Trustee of a State or Territory, or a company listed in Schedule 9 holds (whether alone or together with any other person or persons) the Division 3 securities in trust in the ordinary course of its business.
broker means an Australian financial services licensee who is a participant of a financial market.
broker’s agent means:
the agent of a broker; or
the employee of a broker.
duly completed, in relation to a transfer document, includes the requirements set out in regulation 7.11.05.
duly completed Part 1 means a transfer document that has been duly completed in accordance with Part 1 of Form 1, 2, 3, 5, 6 or 7.
execution time, in relation to a transfer document, means:
for a sufficient transfer under regulation 7.11.11—the time when the transfer document was stamped with a stamp purporting to be that of the transferee’s broker; and
for a sufficient transfer under regulation 7.11.12 or 7.11.13—the time when the transfer document was executed by the transferor.
identification code, in relation to a participant, means a code that, for the purposes of the ASTC operating rules, is:
the participant’s identification code; or
one of its identification codes.
in accordance with includes to the effect of.
issuer of a Division 4 financial product means:
the issuer in relation to the product; or
any other person identified as an issuer, or treated as an issuer, under the ASTC operating rules.
market licensee, in relation to securities specified in a transfer document, means the market licensee that operates the market for the securities.
This Act’s bill:Explanatory statement
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