Corporations Regulations 2001

If the ASTC operating rules include provisions relating to the determination, for the purposes of conferring security benefits, of who holds or is taken to hold Division 4 financial products at a particular time, those provisions have effect accordingly despite anything in:

the Act; and

these Regulations; and

any other law (written or unwritten) that applies to the conferral; and

any document that applies to the conferral (for example, the body corporate’s constitution or a relevant trust deed).

In subregulation (1), conferring a security benefit means:

paying or transferring money or property to a person because the person holds or held a Division 4 financial product; or

issuing securities to a person because the person holds or held a Division 4 financial product; or

conferring a right on a person because the person holds or held a Division 4 financial product.