CTHRepealedAct
Securities Industry Act 1980
122HInterpretation
Start here
Get a plain-English read of 122H
Turn the raw legal text into a practical explanation grounded in Securities Industry Act 1980.
##### 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).