Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 982

982. (1) SEGC may enter into a contract with a person carrying on fidelity
insurance business under which SEGC will be insured or indemnified, to the
extent and in the manner provided by the contract, against liability in
respect of claims.

(2) A contract entered into under subsection (1) may relate to dealers
generally, particular classes of dealers specified in the contract, particular
dealers so specified, or dealers generally with the exclusion of particular
classes of dealers, or particular dealers, so specified.

(3) SEGC, a participating exchange, a member of the Board and any employee of
SEGC or of a participating exchange each have qualified privilege in respect
of the publication of a statement that a contract entered into under
subsection (1) does or does not apply with respect to a dealer.

(4) Where SEGC has entered into a contract of insurance or indemnity with an
insurer under this section, a person who has made a claim does not have a
right of action against the insurer in respect of the contract or a right or
claim in respect of money paid by the insurer in accordance with the contract.

(5) In this section:

"dealer" means a member, or a member organisation, of a participating
exchange.