Commonwealth Numbered Acts

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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 895

Fidelity funds
895. (1) A securities exchange (other than a participating exchange) shall
keep a fidelity fund, which shall be administered by the board on behalf of
the securities exchange.

(2) The assets of a fidelity fund of a securities exchange are the property of
the securities exchange but shall be kept separate from all other property and
shall be held in trust for the purposes set out in this Part.

(3) A securities exchange that, immediately before the commencement of this
section, kept a fidelity fund under a law corresponding to this Part shall,
after that commencement, keep that fidelity fund in accordance with, and for
the purposes of, this Part. 


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