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 8.8 - MISCELLANEOUS

SECTION 1271   CONCEALING ETC. BOOKS RELATING TO FUTURES CONTRACTS  

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1271(1)  [Contravention of subsection]  

A person who:

(a)  in any case - conceals, destroys, mutilates or alters a book relating to the business carried on by a futures broker or required under this Law to be kept by the holder of a licence; or

(b)  where such a book is in this jurisdiction - sends or takes, or causes the sending or taking of, the book out of Australia;

contravenes this subsection.

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History

S 1271(1) amended by No 110 of 1990, Sch 1 (effective 18 December 1990).

1271(2)  [Defence]  

In a prosecution of a person for an offence under subsection (1), it is a defence if it is established that the person did not act with intent to defraud, to defeat the purposes of this Law or the ASIC Law or to prevent, delay or obstruct the carrying out of an examination, investigation or audit, or the exercise of a power or authority, under this Law or the ASIC Law.

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History

S 1271(2) amended by No 156 of 1999, s 3, Sch 11, Pt 1(1) and (15) (effective 25 November 2000).

S 1271(2) amended by No 110 of 1990, Sch 1 (effective 18 December 1990).

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