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
4 At the end of section 984B
Add:
(3) However, if the property is derivative retail client property, subsection (2) only applies to an obligation if:
(a) the entry into of the derivative referred to in paragraph (2)(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.
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