Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 1127

(1)

The Minister may by writing declare a specified futures market to be, subject to any specified conditions, an exempt futures market.

(1A)

A person must not contravene a condition specified in a declaration in force under this section.

(1B)

If a person has contravened a condition specified in a declaration in force under this section, the Court may, on the Commission's application, order the person to comply with the condition.

(2)

Without limiting the matters to which the Minister may have regard in considering whether to vary or revoke a declaration in force under this section, he or she may, in so considering, have regard to a breach of a condition specified in the declaration.

(3)

A declaration by the Ministerial Council, under a previous law of this jurisdiction corresponding to subsection (1), of a futures market as an exempt futures market, being a declaration that was in force immediately before the commencement of this Part, has effect as if it were a declaration by the Minister under that subsection.