Treasury Laws Amendment (2016 Measures No. 1) Act 2017 (25 of 2017)

Schedule 5   Client money

Part 1   Client money and property

Corporations Act 2001

3   At the end of section 981D

Add:

(2) However, if the money is derivative retail client money, subsection (1) only applies to an obligation if:

(a) the entry into of the derivative referred to in paragraph (1)(a) or (b) was or will be cleared through an authorised clearing and settlement facility; and

(b) the licensee incurred the obligation, in connection with the derivative, under the operating rules of the facility.