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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1141

Gaming and wagering laws not applicable to certain futures contracts and Chapter 8 agreements

(1) Despite any law of a State or Territory in this jurisdiction about gaming or wagering:

(a)
a person may enter into a futures contract:

(i)
on a futures market of a futures exchange or of a recognised futures exchange; or
(ii)
on an exempt futures market; or
(iii)
as permitted by the business rules of a futures association, of a futures exchange or of a recognised futures exchange; and
(b)
the contract is valid and enforceable.

(2) Despite any law of a State or Territory in this jurisdiction about gaming or wagering:

(a)
a person may enter into a Chapter 8 agreement of a kind prescribed for the purposes of paragraph 72A(1)(b); and

(b)
the agreement is valid and enforceable.



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