Corporate Law Economic Reform Program Act 1999 (156 of 1999)
Schedule 6 Miscellaneous amendments of the Corporations Law
16 Subsection 1209(6)
Repeal the subsection, substitute:
(6) A futures broker must not deal with property deposited by the broker in safe custody under subsection (3) except:
(a) in accordance with the terms and conditions on which it was deposited with, or received by, the broker; or
(b) for the purpose of meeting obligations incurred by the broker in connection with margining, guaranteeing, securing, transferring, adjusting or settling dealings in futures contracts effected by the broker on behalf of clients only.
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