THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.6 - FIDELITY FUNDS

SECTION 1236   CONTRIBUTIONS AND LEVIES NOT PAYABLE IN CERTAIN CASES  

1236(1)  [Jurisdiction]  

A person or partnership need not pay a contribution under subsection 1234(1) or (2) or a levy under section 1235 unless a provision of an Act of this jurisdiction imposes the contribution or levy.

1236(2)  (Omitted by No 110 of 1990, Sch 1 (effective 18 December 1990).)

1236(3)  [Futures organisation may exempt from sec 1234(1)]  

A futures organisation may determine in writing that subsection 1234(1) does not apply in relation to the futures organisation in relation to specified persons.

1236(4)  [Futures organisation may exempt from sec 1234(2)]  

A futures organisation may determine in writing that subsection 1234(2) does not apply in relation to the futures organisation in relation to specified contributing members of the futures organisation.

1236(5)  [Effect of determination under sec 1234(3), (4)]  

A determination in force under subsection (3) or (4) has effect accordingly.