CTHRepealedAct
Securities Industry Act 1980
36LExchange to take over main board listing agreements
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##### 36L Exchange to take over main board listing agreements
(1) In this section:
> listed body means a body corporate, government, unincorporated body or other person.
> main board listing agreement means an agreement:
(a) that is or has been in force between the nominated exchange and a listed body;
(b) that relates or related to the admission of the listed body to the official list of the nominated exchange; and
(c) under or by virtue of which the listed body is or was under an obligation to comply with, observe, or give effect to, the Listing Requirements of AASE, as adopted as listing rules of the nominated exchange.
(2) After the relevant commencement, a main board listing agreement in force immediately before that commencement has effect, with such modifications as the circumstances require, as if the Exchange were substituted for the nominated exchange as a party to the agreement and, except in relation to a time before that commencement:
(a) a reference in the provisions of the agreement to the nominated exchange were a reference to the Exchange;
(b) a reference in the provisions of the agreement to the Listing Requirements of AASE, or to listing rules of the nominated exchange, were a reference to the listing rules of the Exchange; and
(c) a reference in the provisions of the agreement to the official list of the nominated exchange were a reference to the official list of the Exchange.
(3) Where, immediately before the relevant commencement, proceedings:
(a) to which the nominated exchange was a party; and
(b) that arose out of, or were otherwise connected with, a main board listing agreement;
were pending in a court or tribunal, the Exchange shall indemnify the nominated exchange in respect of all liabilities, expenses, costs or charges incurred by the nominated exchange:
(c) as a party to the proceedings;
(d) in complying with a judgment or other order given in the proceedings; or
(e) otherwise in connection with the proceedings.