THE CORPORATIONS LAW
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 1 - INTRODUCTORY
PART 1.2 - INTERPRETATION
Division 4 - Dealing in futures contracts
SECTION 25 DEALING IN FUTURES CONTRACTS: GENERAL 25(1) [Acquisition or disposal] Subject to sections 26 and 27, a person deals in a futures contract if, and only if, the person: (a) acquires, or disposes of, the futures contract; (b) offers to acquire, or to dispose of, the futures contract; or (c) induces, or attempts to induce, another person to acquire, or to dispose of, the futures contract. 25(2) [On another person's behalf] Subject to sections 26 and 27, a person deals in a futures contract on another person's behalf if, and only if, the first-mentioned person acquires, or disposes of, the futures contract on the other person's behalf, or offers so to acquire, or so to dispose of, the futures contract. 25(3) [Non-residents] In determining whether or not a person who is not a resident of Australia or of an external Territory deals in a futures contract on another person's behalf, an act that the holder of a futures brokers licence or an exempt broker does on the first-mentioned person's behalf shall be disregarded. 25(4) [Effect of subsection (5)] Subsection (5) has effect for the purposes of determining: (a) whether or not a person deals in a futures contract on another person's behalf; and (b) (Omitted by No 110 of 1990, Sch 1 (effective 18 December 1990).) (c) what constitutes such a business carried on by a person.This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.