Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1139

1139. (1) A futures exchange, a clearing house for a futures exchange, and a
futures association, shall each provide such assistance to the Commission, or
to a person acting on behalf of, or with the authority of, the Commission, as
the Commission reasonably requires for the performance of its functions under
this Chapter.

(2) Where:

   (a)  a body corporate, being a futures exchange, a clearing house for a
        futures exchange, or a futures association, decides to reprimand,
        fine, suspend, expel or otherwise take disciplinary action against, a
        member of the body corporate; and

   (b)  subsection 1135 (1) does not require the body corporate to give to the
        Commission a notice relating to the decision; the body corporate
        shall, within 14 days after so deciding, give to the Commission a
        notice in writing setting out particulars of the name of the member,
        the decision, the reasons for the decision and, in the case of a
        decision to fine a member, the amount of the fine.

(3) Where a clearing house for a futures exchange:

   (a)  refuses to register a dealing in a futures contract; or

   (b)  closes out a futures contract because of a failure to meet a call for
        deposit or margin; it shall forthwith furnish the Commission with
        particulars of its action.

(4) A person authorised by the Commission is entitled at all reasonable times
to full and free access for any of the purposes of this Act to the trading
floor of a futures market of a futures exchange.

(5) A person who refuses or fails, without lawful excuse, to allow a person
authorised by the Commission access in accordance with subsection (4) to the
trading floor of a futures market of a futures exchange contravenes this
subsection.