122ZEInterpretation

##### 122ZE Interpretation In this Division, unless the contrary intention appears: > founding exchange means a securities exchange that, at the end of the nomination day, is a local Exchange subsidiary or a participating exchange. > joining exchange means a securities exchange that: (a) at a particular time after the nomination day, becomes a local Exchange subsidiary or a participating exchange; and (b) was not, immediately before that time, a participating exchange, or a local Exchange subsidiary, > as the case may be. > liability provisions means: (a) sections 111 to 120, inclusive; or (b) sections 111 to 120, inclusive, as they have effect by virtue of subsection 36P(4) or (6); as the case requires. > nomination day means the day on which the Ministerial Council first makes a nomination under subsection 122BA(1). > transfer day, in relation to a transferring exchange, means: (a) in the case of a founding exchange—the nomination day; or (b) in the case of a joining exchange—the day on which the joining exchange became a local Exchange subsidiary, or a participating exchange, as the case requires. > transferred claim, in relation to a transferring exchange, means: (a) a claim made, before the transfer day in relation to the transferring exchange, for compensation from the transferring exchange’s fidelity fund; (b) a claim that, as at the time immediately before the transfer day in relation to the transferring exchange, the liability provisions entitled a person to make for compensation from the transferring exchange’s fidelity fund, but that, as at that time, had not been made; or (c) a claim that purports to be a claim of a kind referred to in paragraph (b). > transferring exchange means a founding exchange or a joining exchange.