THE CORPORATIONS LAW
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 5 - Excluding persons from the futures industry
SECTION 1203 EFFECT OF PREVIOUS ORDERS UNDER LAWS CORRESPONDING TO SECTION 1201 1203(1) [Application] This section applies where, immediately before the commencement of section 1201, a person was, for the purposes of subsection 78(5) of the Futures Industry Act 1986 or a previous corresponding law of this or any other jurisdiction, disqualified, or deemed to be disqualified, either permanently or for a period, because of an order of an Australian court, from holding: (a) a futures broker's licence; (b) a futures adviser's licence; (c) a futures broker's representatives licence; or (d) a futures adviser's representatives licence; under that Act or a corresponding previous law.(i) if paragraph (1)(a) applies - a futures brokers licence under this Law; or
(ii) if paragraph (1)(b) applies - a futures advisers licence under this Law; or(b) prohibiting the person, permanently or for that period, as the case may be, from doing an act as:
(i) if paragraph (1)(c) applies - a representative of a futures broker; or
(ii) if paragraph (1)(d) applies - a representative of a futures adviser;as the case requires, being an order in force under subsection 1201(2). 1203(3) [Effect of order is additional] The effect that the order has by force of subsection (2) is in addition to, and does not prejudice, its effect otherwise than by force of that subsection.
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