Corporations Legislation Amendment (Financial Services Modernisation) Act 2009 (108 of 2009)

Schedule 1 Margin lending facilities

Insert:

(jaa) subsection 985E(1) (issuing or increasing limit of margin lending facility without having made assessment etc.);

(jab) subsection 985H(1) (failure to assess a margin lending facility as unsuitable);

(jac) subsection 985J(1) (failure to give assessment to retail client if requested before issue of facility or increase in limit);

(jad) subsection 985J(2) (failure to give assessment to retail client if requested after issue of facility or increase in limit);

(jae) subsection 985J(4) (demanding payment to give assessment to retail client);

(jaf) subsection 985K(1) (issuing or increasing limit of margin lending facility if unsuitable);

(jag) section 985L (making issue of margin lending facility conditional on retail client agreeing to receive communications through agent);

(jah) subsection 985M(1) (failure to notify of margin call where there is no agent);

(jai) subsection 985M(2) (failure to notify of margin call where there is an agent);