Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 902

902. (1) A person shall not be admitted to membership of a securities exchange
or to a partnership in a member firm recognised by a securities exchange
unless the person has paid a securities exchange (application for membership)
fidelity fund contribution.

(2) A person who is a member of a securities exchange is not entitled to
continue to be such a member or to continue to be a partner in a member firm
recognised by a securities exchange unless the person, on or before 31 March
in each year, pays a securities exchange (membership) fidelity fund
contribution.

(3) A contribution under subsection (1) or (2) is payable to the Secretary to
the Department on behalf of the Commonwealth.

(4) Where a contribution payable by a person under subsection (1) or (2) is
paid into the Consolidated Revenue Fund, an amount equal to the contribution
so paid is payable to the relevant securities exchange out of the Consolidated
Revenue Fund, which is appropriated accordingly.

(5) An amount paid to a securities exchange under subsection (4) shall be paid
by the securities exchange into the fidelity fund kept by the securities
exchange.

(6) This section has effect subject to section 919.