Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 899

899. (1) Where a body corporate that is a securities exchange, or that is
related to a securities exchange, becomes a futures organisation for the
purposes of Part 8.6:

   (a)  the Minister may approve in writing, on such conditions (if any) as
        are specified in the approval:

        (i)    the payment of an amount specified in the approval out of the
               fidelity fund kept under this Part by the body corporate, or by
               the securities exchange, as the case may be; and

        (ii)   the payment of that amount to the credit of the fidelity fund
               established or to be established by the body corporate under
               that Part; and

   (b)  if the Minister does so, that amount shall, in accordance with the
        conditions (if any) so specified:

        (i)    be paid out of the fidelity fund referred to in subparagraph
               (a) (i); and

        (ii)   be paid to the credit of the fidelity fund referred to in
               subparagraph (a) (ii).

(2) An approval given by the Ministerial Council before the commencement of
this section under a law corresponding to subsection (1) shall be deemed to be
an approval given by the Minister under that subsection and any reference in
the approval to a fidelity fund established or to be established under a law
corresponding to Part 8.7 shall be deemed to be a reference to a fidelity fund
established or to be established under that Part.