CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 56 Classes of futures organisation membership

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 56

56. A reference to a member, in relation to a body corporate that is, or
proposes to become, a futures organisation, is, if the body may operate
otherwise than as a futures organisation and any of the rules, regulations or
by-laws made by the body or contained in its constituent documents provide
for:

   (a)  a separate class of membership for persons to whom the operation of
        the body otherwise than as a futures organisation relates (whether or
        not such persons may be members within another class of membership);
        or

   (b)  2 or more such separate classes of membership; a reference to a person
        in the person's capacity as a member of the body in a class of
        membership other than that separate class or those separate classes,
        as the case may be.