THE CORPORATIONS LAW

CHAPTER 1 - INTRODUCTORY

PART 1.2 - INTERPRETATION

Division 4 - Dealing in futures contracts

SECTION 23   ACQUIRING A FUTURES CONTRACT  

23(1)  (Acquisition of futures contract)  

A person acquires a futures contract (other than a futures option or an eligible exchange-traded option) if, and only if, the person enters into, or takes an assignment of, the futures contract, whether or not on another's behalf.

23(2)  [Futures option or eligible exchange-traded option]  

A person acquires a futures option or an eligible exchange-traded option if, and only if, the person takes the option, or takes an assignment of the option, whether or not on another's behalf.

23(3)  [Sections 26 and 27]  

This section has effect subject to sections 26 and 27.




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