any modification, consolidation, amendment, re-enactment or substitution of that legislation or provision. A word importing: the singular includes the plural; and the plural includes the singular; and a gender includes every other gender. A reference to a party includes that party’s administrators, successors and permitted assigns. If any act pursuant to Participation Rules would otherwise be required to be done on a day which is not a Business Day then that act may be done on the next Business Day, and when an action is required by a party within a specified period of Business Days, the period will be deemed to commence on the Business Day immediately following the day on which the obligation is incurred. Where a word or phrase is given a defined meaning, any other part of speech or grammatical form in respect of that word or phrase has a corresponding meaning. A reference to two or more Persons is a reference to those Persons jointly and severally. A reference to a rule or schedule is a reference to a rule of, or a schedule to, these Participation Rules. A reference to a Participation Rule includes a reference to all of its sub-rules. Where general words are associated with specific words which define a class, the general words are not limited by reference to that class. The rule headings are for convenience only and they do not form part of these Participation Rules. The word is not exclusive. “or” Where there is any inconsistency between the description of a Subscriber’s obligations in a Participation Rule and in a schedule to these Participation Rules, the Participation Rule will prevail to the extent of the inconsistency. The Subscriber must: be able to comply with these Participation Rules at the time of applying to be a Subscriber; and comply with these Participation Rules whilst being a Subscriber; and
any modification, consolidation, amendment, re-enactment or substitution of that legislation or provision. A word importing: the singular includes the plural; and the plural includes the singular; and a gender includes every other gender. A reference to a party includes that party’s administrators, successors and permitted assigns. If any act pursuant to Participation Rules would otherwise be required to be done on a day which is not a Business Day then that act may be done on the next Business Day, and when an action is required by a party within a specified period of Business Days, the period will be deemed to commence on the Business Day immediately following the day on which the obligation is incurred. Where a word or phrase is given a defined meaning, any other part of speech or grammatical form in respect of that word or phrase has a corresponding meaning. A reference to two or more Persons is a reference to those Persons jointly and severally. A reference to a rule or schedule is a reference to a rule of, or a schedule to, these Participation Rules. A reference to a Participation Rule includes a reference to all of its sub-rules. Where general words are associated with specific words which define a class, the general words are not limited by reference to that class. The rule headings are for convenience only and they do not form part of these Participation Rules. The word “or” is not exclusive. Where there is any inconsistency between the description of a Subscriber’s obligations in a Participation Rule and in a schedule to these Participation Rules, the Participation Rule will prevail to the extent of the inconsistency. The Subscriber must: be able to comply with these Participation Rules at the time of applying to be a Subscriber; and comply with these Participation Rules whilst being a Subscriber; and
Victorian-Participation-Rules-Version-4-clean.docx