3Interpretation

3 Interpretation

(1) In this Act, unless the contrary intention appears:

certified copy of an entry in a Stock Ledger, of an extract of an entry in a Stock Ledger or of a document means a copy of the entry, extract or document that is certified by a prescribed person to be a true copy.

clearing and settlement facility means a facility that is a clearing and settlement facility for the purposes of the Corporations Act 2001.

depository interest means a beneficial interest in stock issued by a depository nominee (as a depository nominee).

depository interest registry operator means a person who has been engaged by a depository nominee to make payments:

(a) on behalf of the depository nominee; and
(b) to holders of depository interests issued by the depository nominee; and
(c) on account of those interests.

depository nominee means a person who, with the agreement of the Commonwealth, issues to someone else one or more beneficial interests in stock the person:

(a) owns legally; or
(b) would own beneficially, apart from the issue of those interests; or
(c) has a beneficial interest in.

Registrar means a Registrar of Stock or a Deputy Registrar of Stock.

Registry means a Registry for the inscription of stock.

stock means:

(a) stock, Treasury Bonds, Treasury Notes or other prescribed securities created under subsection 4(1); and
(b) stock (however described) created under subsection 4(1) as in force at any time before the commencement of Schedule 1 to the Commonwealth Inscribed Stock Amendment Act 2002; and
(c) Treasury Bonds, debentures or other prescribed securities made out under subsection 51A(1) at any time before the commencement of subsection 51A(3).

Treasury Bond includes a Treasury Fixed Coupon Bond, a Treasury Indexed Bond and an Australian Consolidated Treasury Bond and any coupon issued in connection with a Treasury Bond.

(2) For the purposes of the application of this Act at a time before the commencement of Schedule 1 to the Financial Services Reform Act 2001: (a) a reference in this Act to the operator of a clearing and settlement facility is taken to be a reference to: (i) a clearing house as defined by section 9 of the Corporations Act 2001; or (ii) the body corporate in relation to which an approval as a clearing house is in force under section 779B of that Act; and (b) a reference in this Act to the operating rules of a clearing and settlement facility is taken to be a reference to the business rules of a clearing house referred to in paragraph (a).