opes affidavit , page-2

e(iv) page 17
"The client is the beneficial owner of the security and ANZ the legal owner"

entertain me for a moment....

So if the client is the "beneficial owner", then when the stock is sold by the "legal owner" (as has been/is being done) any subsequent "benefit" should pass on to the "client"...should it not? Or does the "legal owner" become the "beneficial owner" in the event of .....