Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The legal interest, and any equitable interests, in any stock may be transferred from one person to another:
(a) in accordance with regulations made for the purposes of subsection 24(1); or
(b) subject to subsection (2), if the stock is inscribed in a Stock Ledger at a Registry where the Registrar is the operator of a clearing and settlement facility--in any way permitted by the operating rules of the facility (which may, if the operating rules so provide, be a way authorised by the Corporations Act 2001 ).
(2) The Treasurer may, by written notice given to the operator of a clearing and settlement facility, declare that particular operating rules of the facility are not to apply in respect of the transfer of legal or equitable interests in stock.