Corporations Regulations 2001

This regulation applies if:

a transfer document (the first document) relating to Division 3 assets or Division 3 rights:

has been duly completed in accordance with Part 1 of Form 1 or Form 5; and

bears a stamp that purports to be the stamp of the transferor’s broker; and

another transfer document:

relates to any or all of the Division 3 assets or Division 3 rights; and

has been duly completed in accordance with Part 1 of Form 3 or Form 7; and

bears a stamp that purports to be the stamp of a market licensee.

The market licensee is liable to indemnify:

the issuer in relation to the Division 3 assets or Division 3 rights; and

the transferor in relation to the other document; and

the transferee in relation to the other document; and

the broker of the transferee in relation to the other document;

the stamp mentioned in subparagraph (1)(a)(ii) is not the stamp of the transferor’s broker; or

apart from paragraph 7.11.17(4)(a), the designated broker was not authorised to execute the first document on behalf of the transferor in relation to the first document.

Each associate (if any) of the transferor’s broker is liable to indemnify the market licensee against any loss or damage arising as mentioned in subregulation (2).

If the transferor’s broker is not a broker’s agent, the transferor’s broker is liable to indemnify the market licensee against any loss or damage arising as mentioned in subregulation (2).

Nothing in this regulation limits the operation of anything in regulation 7.11.17 or 7.11.18 or of anything else in this regulation.