Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations 2018 · As enacted · Part 3 · Debentures
20. Application of this Division
Feedback & supportSubject to the exceptions in paragraph (2), this Division applies to and in relation to every meeting of debenture holders summoned under —
a covenant contained in the debentures or in a trust deed relating to those debentures; or
a provision mentioned in section 271(2)(b) of the Act that is contained in a trust deed relating to those debentures.
The exceptions are as follows:
where the Act provides otherwise;
where there is any provision to the contrary in —
any covenant that applies to those debentures;
any covenant contained in a trust deed relating to those debentures; or
any covenant in a contract between a trustee of, and the debenture holders secured by, a trust deed relating to those debentures.
Subregulation 1
Subject to the exceptions in paragraph (2), this Division applies to and in relation to every meeting of debenture holders summoned under —
a covenant contained in the debentures or in a trust deed relating to those debentures; or
a provision mentioned in section 271(2)(b) of the Act that is contained in a trust deed relating to those debentures.
Subregulation 2
The exceptions are as follows:
where the Act provides otherwise;
where there is any provision to the contrary in —
any covenant that applies to those debentures;
any covenant contained in a trust deed relating to those debentures; or
any covenant in a contract between a trustee of, and the debenture holders secured by, a trust deed relating to those debentures.