This Division applies to an SCH-regulated transfer of a marketable security or right in respect of shares only where ¾

(a) the transfer is a proper SCH transfer;

(b) the transfer is made otherwise than on a sale or purchase of a marketable security or right in respect of shares to which Division 3 applies;

(c) the security is, or the right is in respect of ¾

(i) a share of a relevant company; or

(ii) a unit of a unit trust scheme the principal register of which is situated in this State; and

(d) the body approved as the securities clearing house under section 779B of the Corporations Law is registered by the Commissioner under Division 5.

[Section 112FG inserted by No. 39 of 1994 s.10; amended by No. 48 of 1996 s.36.]