97Application of Part

97 Application of Part (1) This Part applies to an allotment of shares to any person by a Victorian company at another person's direction, in discharge of an obligation to that other person, whether that obligation arises as consideration for the purchase of property by the company or otherwise. (2) This Part does not apply to— S. 97(2)(a) amended by No. 28/2011 s. 25. (a) an allotment of shares by a Victorian company that is listed on the ASX or a recognised stock exchange; S. 97(2)(b) amended by No. 48/2001 s. 6(3)(a). 1. an allotment of shares at another person's direction if the direction is given by the underwriter in any contract for underwriting shares upon the first issue of the shares by the company; S. 97(2)(c) inserted by No. 48/2001 s. 6(3)(b), amended by No. 29/2002 s. 5. (c) an allotment of shares that takes place on or after 1 July 2002.