Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1153

1153. (1) Within one business day after the happening of an event constituting
a contravention of a condition of a licence held by a corporation, the
licensee shall give to:

   (a)  the Commission; and

   (b)  each futures organisation of which the licensee is a member; a written
        notice setting out particulars of the event.

(2) It is a defence to a prosecution for failing to give a particular notice
to a person as required by this section if it is proved that:

   (a)  when the requirement arose, the defendant was unaware of the event
        that gave rise to the requirement; and

   (b)  the defendant:

        (i)    did not become aware of the event before the date of the
               information; or

        (ii)   did become so aware before that date but gave the notice to
               that person as soon as reasonably practicable after becoming so
               aware.