Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW
- SECT 966A

This Division does not, because of a person (in this section called the dealer ) having become insolvent on a particular day, entitle a person to make a claim in respect of property unless the dealer was on that day a member of a participating exchange and:

(a)

the dealer was carrying on a securities business in this jurisdiction on that day (whether on his, her or its own account or in partnership); or

(b)

if the dealer was not so carrying on such a business and was not carrying on a securities business in any other jurisdiction on that day—the last securities business that the dealer carried on in a jurisdiction (whether on his, her or its own account or in partnership) before that day was carried on in this jurisdiction.