CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 8 - THE FUTURES INDUSTRY
PART 8.3 - PARTICIPANTS IN THE FUTURES INDUSTRY
Division 1 - Futures brokers and futures advisers
SECTION 1152
FUTURES ORGANISATIONS TO BE INFORMED ABOUT CONDITIONS OF FUTURES BROKERS LICENCE
1152(1)
[Commission to inform relevant organisation]
As soon as practicable after imposing a condition on, or revoking or varying a condition of, a futures brokers licence, the Commission shall inform in writing:
(a)
each futures organisation of which the licensee is a member; and
(b)
each corporation that is a clearing house for a futures exchange of which the licensee is a member.
1152(2)
[Contravention not to affect validity]
A contravention of subsection
(1) does not affect the validity of an act done by the Commission.