THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.9 - FIDELITY FUNDS

SECTION 902   CONTRIBUTIONS TO FUND  

902(1)  [Prerequisite to admission]  

A person is not to be admitted to:

(a)  membership of a securities exchange; or

(b)  a partnership in a member firm recognised by a securities exchange;

unless the person has paid to the securities exchange, as a contribution to its fidelity fund, such amount, being not less than $500, as is determined by the securities exchange in relation to that person or in relation to a class of persons that includes that person.

902(2)  [Annual payment]  

A person who is a member of a securities exchange must, on or before 31 March in each year, pay to the securities exchange, as a contribution to its fidelity fund, such amount, being not less than $100, as is determined by the securities exchange in relation to that person or in relation to a class of persons that includes that person.

902(3)  [Section 919]  

This section has effect subject to section 919.