sec.251Location of property

### sec.251 Location of property For this chapter, the following property is taken to be located in the place stated— marketable securities of a company—in the State the company is taken to be registered under the Corporations Act ; units in a unit trust—in the place where the register on which the units are registered is kept or, if the register is not kept in Australia, in the place of residence of the manager or responsible entity of the unit trust; debt securities of a government of a State—in that State; an insured person’s interest in, or right to receive amounts payable under, a policy of insurance that is security for a premium funding agreement—the place of residence of the insured person. Subsection (1) (a) is declared to be a Corporations legislation displacement provision for the Corporations Act , section 5G , in relation to section 1070A (4) of that Act. s 251 amd 2002 No. 65 s 25 (sec.251-ssec.1) For this chapter, the following property is taken to be located in the place stated— marketable securities of a company—in the State the company is taken to be registered under the Corporations Act ; units in a unit trust—in the place where the register on which the units are registered is kept or, if the register is not kept in Australia, in the place of residence of the manager or responsible entity of the unit trust; debt securities of a government of a State—in that State; an insured person’s interest in, or right to receive amounts payable under, a policy of insurance that is security for a premium funding agreement—the place of residence of the insured person. (sec.251-ssec.2) Subsection (1) (a) is declared to be a Corporations legislation displacement provision for the Corporations Act , section 5G , in relation to section 1070A (4) of that Act. - (a) marketable securities of a company—in the State the company is taken to be registered under the Corporations Act ; - (b) units in a unit trust—in the place where the register on which the units are registered is kept or, if the register is not kept in Australia, in the place of residence of the manager or responsible entity of the unit trust; - (c) debt securities of a government of a State—in that State; - (d) an insured person’s interest in, or right to receive amounts payable under, a policy of insurance that is security for a premium funding agreement—the place of residence of the insured person.