Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS  

Division 2 - When there must be a compensation regime  

SECTION 881A   LICENSED MARKETS THROUGH WHICH PARTICIPANTS PROVIDE SERVICES FOR RETAIL CLIENTS MUST GENERALLY HAVE A COMPENSATION REGIME  

881A(1)   [ Requirement for compensation regime]  

If:

(a) any of the participants in a licensed market, in effecting transactions through the market, provide financial services for persons as retail clients; and

(b) in connection with the provision of those financial services, those persons will or may give money or other property, or authority over property, to those participants; and

(c) the market is not a financial market to which Division 4 applies;

there must be compensation arrangements in relation to the market that are approved in accordance with Division 3 .

881A(2)   [ Application]  

The compensation regime applicable in relation to financial markets to which Division 4 applies is as constituted by that Division.