Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1129

1129. (1) A person shall not provide, or hold himself, herself or itself out
as providing, clearing house facilities for a futures market (other than an
exempt futures market) conducted by a corporation, unless:

   (a)  the corporation is a futures exchange;

   (b)  the person is an eligible corporation; and

   (c)  an approval of the person under section 1131 as a clearing house for
        that futures exchange is in force.

(2) A corporation that conducts a futures market (other than an exempt futures
market) shall not authorise or permit a person to provide clearing house
facilities for that futures market unless:

   (a)  the corporation is a futures exchange;

   (b)  the person is an eligible corporation; and

   (c)  an approval of the person as a clearing house for that futures
        exchange is in force under section 1131.