Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW
- SECT 979

(1)

The Board may, by notice served on a person, require the person to give to SEGC specified securities, documents, or statements of evidence, necessary to support a claim or necessary for the purpose of:

(a)

exercising SEGC's rights against a member, or a member organisation, of a participating exchange or against any other person; or

(b)

enabling criminal proceedings to be taken against a person.

(1A)

The Board may, for the purposes of section 970A or 970B, by notice in writing served on a person, require the person to give SEGC specified information relating to the existence or exercise of rights of set-off.

(2)

Where a person fails, without reasonable excuse, to comply with a requirement under subsection (1) or (1A), SEGC may disallow a claim made by the person.