Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1149

1149. (1) Without limiting the generality of section 1147, one or more of the
following may be imposed under that section on a futures brokers licence:

   (a)  a condition or restriction about limiting the liability that the
        licensee may incur in connection with a business of dealing in futures
        contracts;

   (b)  a condition or restriction about incurring, or a condition about
        disclosing, liabilities of the licensee that arise otherwise than in
        connection with such a business;

   (c)  a condition or restriction about the licensee's financial position,
        whether or not in relation to such a business;

   (d)  without limiting the generality of paragraph (c), a condition that the
        licensee's assets include, or not include, specified assets;

   (e)  without limiting the generality of paragraph (c), a condition that the
        sum of the values of specified assets included in the licensee's
        assets be not less than, or not greater than, an amount ascertained in
        accordance with the condition.

(2) A condition imposed by virtue of paragraph (1) (e) may provide for the
values of assets to be ascertained, for the purposes of applying the
condition, in a manner specified in, or determined in accordance with, the
condition.

(3) Without limiting the generality of paragraph (1) (e), a condition imposed
by virtue of that paragraph may provide for the amount referred to in that
paragraph to be a specified percentage of the sum of:

   (a)  the values of all the licensee's assets;

   (b)  the values of specified assets included in the licensee's assets;

   (c)  the amounts of all the licensee's liabilities; or

   (d)  the amounts of specified liabilities included in the licensee's
        liabilities.