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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1182
Holder of authority may be required to return it
1182. (1) Where a person holds a proper authority from a licensee that is a
corporation but is neither employed by, nor authorised to act for or by
arrangement with, the licensee, the licensee may, by writing given to the
person, require the person to give the proper authority to the licensee within
a specified period of not less than 2 business days.
(2) Where a person holds an invalid futures authority from another person, the
other person may, by writing given to the first-mentioned person, require the
first-mentioned person to give the invalid futures authority to the other
person within a specified period of not less than 2 business days.
(3) A person shall not, without reasonable excuse, refuse or fail to comply
with a requirement made of the person in accordance with subsection (1) or
(2).
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