Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1249

1249. (1) A futures organisation may enter into a contract with a person
carrying on fidelity insurance business whereby the futures organisation will
be insured or indemnified, to the extent and in the manner provided by the
contract, against liability in respect of claims under this Part.

(2) Such a contract may be entered into in relation to contributing members of
the futures organisation generally, or in relation to particular contributing
members named in the contract, or in relation to contributing members
generally with the exclusion of particular contributing members named in the
contract.

(3) A futures organisation, a member or employee of a futures organisation or
of the board of a futures organisation, or a member of the management
sub-committee of the board of a futures organisation, has qualified privilege
in respect of the publication of a statement that a contract entered into
under this section does, or does not, as the case may be, apply in relation to
that member.