THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.2 - SECURITIES EXCHANGES AND STOCK MARKETS

SECTION 778   GAMING AND WAGERING LAWS NOT APPLICABLE TO CERTAIN CONTRACTS AND RELEVANT AGREEMENTS  

778(1)  [Option contracts]  

Nothing in a law of this jurisdiction about gaming or wagering prevents the entering into of, or affects the validity or enforceability of, an option contract entered into on:

(a)  a stock market of a securities exchange; or

(b)  an exempt stock market.

778(2)  [Relevant agreements]  

Nothing in a law of this jurisdiction about gaming or wagering prevents the entering into, or affects the validity or enforceability, of a relevant aggreement of a kind prescribed for the purposes of paragraph 92A(1)(b).




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