Section 1074D — Corporations Act 2001 (Cth)

(1) If a transfer of a financial product is effected:

(a) through a prescribed CS facility; and

(b) in accordance with the operating rules of the facility;

the transfer is valid and effective for the purposes of any law or instrument governing or relating to the way in which the financial product may be transferred.

(2) For the purposes of this section, the transfer of a financial product is taken to be, and always to have been, effected in accordance with the operating rules of a prescribed CS facility if the person or body authorised to do so under those rules determines that the transfer substantially complies with those rules.

Related sections

• s 1073F — Operation of this Division and regulations made for its purposes
• s 1074A — Financial products to which this Division applies
• s 1074C — Operating rules of prescribed CS facility may deal with transfer of title
• s 1074E — Regulations may govern transfer of financial products in accordance with operating rules of prescribed CS facility
• s 1074F — Issuer protected from civil liability for person’s contravention of prescribed CS facility’s certificate cancellation rules
• s 1074G — Operation of this Division and regulations made for its purposes

Research how courts apply s 1074D

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.