1ASIC Corporations (Securities: NZ FASTER System) Instrument 2016/891

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ASIC Corporations (Securities: NZ FASTER System) Instrument 2016/891

About this compilation

Compilation No. 1

This is a compilation of ASIC Corporations (Securities: NZ FASTER System) Instrument 2016/891 as in force on 22 December 2017. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information

about amending instruments and the amendment history of each amended provision.

Contents

Part 1—Preliminary

1 Name of legislative instrument

3 Authority

4 Definitions

Part 2—Declaration

5 Issue or transfers of securities covered by New Zealand FASTER system

Endnotes

Endnote 1—Instrument history

Endnote 2—Amendment history

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Securities: NZ FASTER System) Instrument 2016/891.

3 Authority

This instrument is made under subsection 1075A(1) of the Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001.

securities means any of the following:

(a) shares in a company;

(b) debentures of a company;

(c) interests in a registered scheme.

Part 2—Declaration

5 Issue or transfers of securities covered by New Zealand FASTER system

Part 7.11 of the Act applies to securities of a company as if section 1071H were modified by inserting after subsection (5):

“(5A) A company need not comply:

(a) with subsection (1) in relation to the issue of a security; or

(b) with subsection (3) in relation to a transfer of a security;

if:

(c) the security is able to be traded on any of the following financial markets operated by New Zealand Exchange Limited (NZX):

(i) NZX Main Board;

(ii) NZX Debt Market;