Commonwealth Numbered Acts

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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1255

Exceptions: licensed futures brokers
1255. For the purposes of this Part, an eligible corporation that holds a
futures brokers licence is not precluded from dealing in a futures contract
concerning a body corporate if:

   (a)  the corporation enters into the dealing as agent for another person
        pursuant to a specific instruction by that other person to enter into
        that dealing;

   (b)  the corporation has not given any advice to the other person in
        relation to dealing in a futures contract concerning the body
        corporate; and

   (c)  the other person is not, in relation to the dealing, an associate of
        the corporation. 


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