ASIC Class Order [CO 02/281]
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Interpretation
In this instrument:
“Austraclear System” means the “System”, as defined in the Austraclear System Regulations;
“Austraclear System Regulations” means the regulations of that name published by Austraclear Limited as at 10 March 1999 and includes any amendments made to those regulations which have been notified to ASIC and to which ASIC has not objected;
“Dematerialised Security” means a Dematerialised Security as defined in the Austraclear System Regulations which is an electronic counterpart of:
(a) a paper-based promissory note with a face value of at least $50,000; or
(b) a paper-based negotiable certificate of deposit with a face value of at least $50,000; or
(c) a paper-based bill of exchange; and
“member” in relation to Austraclear Limited means a “Member” as defined in the Austraclear System Regulations, and “non-member” means any person other than a member.