Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW- SECT 1137
Orderly markets in futures contracts—functions and powers of futures exchanges and clearing houses
- (1)
- A futures exchange, and a clearing house for a
futures exchange, shall, to the extent that it is reasonably practicable to do
so, take all steps, and do all things, necessary to ensure an orderly and fair
market for dealings in futures contracts on a futures market of the futures
exchange.
- (2)
- A futures exchange may, for the purpose of performing its
functions under subsection (1), give to a person who is not a member of the
futures exchange but in whose name a futures contract entered into on a
futures market of the futures exchange is registered a direction:
- (a)
- to do a particular act or
thing; or
- (b)
- to refrain from doing a particular act or thing.
- (3)
- A person shall comply with a direction
given to the person in accordance with subsection (2), but a person who
contravenes this subsection is not guilty of an offence.
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