THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.6 - FIDELITY FUNDS

SECTION 1234   CONTRIBUTION TO FUND  

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1234(1)  [Prerequisite to membership of futures organisation]  

A person is not to be admitted to membership of a futures organisation unless:

(a)  in any case - the person has paid to the organisation, as a contribution to its fidelity fund, such amount, being not less than $500, as the organisation determines in relation to the person or a class including the person; or

(b)  if the organisation is not a futures exchange - the person is already a member of a futures exchange.

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History

S 1234(1) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).

1234(2)  [31 March]  

A contributing member of a futures organisation must, on or before 31 March in each year, pay to the organisation, as a contribution to its fidelity fund, such amount, being not less than $100, as the organisation determines in relation to the contributing member or a class including the contributing member.

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History

S 1234(2) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).

1234(3)  [Section 1236]  

This section has effect subject to section 1236.

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History

S 1234(3) substituted by No 110 of 1990, Sch 1 (effective 18 December 1990).

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