122HInterpretation

122H Interpretation

In this Division, unless the contrary intention appears:

claim means a claim under this Division against the Corporation.

completion period, in relation to a sale or purchase of securities by a dealer, means:

(a) if the business rules of a participating exchange of which the dealer is a member organisation, being those business rules as in force when the agreement for the sale or purchase is made, prescribe a period, for the purposes of this paragraph, in relation to a class of sales or purchases that includes the sale or purchase—that period; or

(b) otherwise—a period that is reasonable, having regard to all the circumstances relating to the sale or purchase.

dealer means a person who, or a partnership that, is or has at any time been a member organisation of a participating exchange.

prescribed period, in relation to a sale or purchase of securities by a dealer, means:

(a) if the business rules of a participating exchange of which the dealer is a member organisation, being those business rules as in force when the agreement for the sale or purchase is made, prescribe a period, for the purposes of this paragraph, in relation to a class of sales or purchases that includes the sale or purchase—that period; or

(b) otherwise—a period that is reasonable, having regard to all the circumstances relating to the sale or purchase.

purchase price, in relation to a purchase of securities by a dealer on behalf of a person, means the total of:

(a) the amount of the consideration for the purchase; and

(b) any brokerage fees and other charges, and any stamp duty and other duties and taxes, payable by the person to the dealer in connection with the purchase.

reportable transaction means a transaction that is or has at any time been a reportable transaction as defined in subsection 122AA(1).