CORPORATIONS ACT 2001 No. 50, 2001 - SECT 778 Gaming and wagering laws not applicable to certain contracts and
CORPORATIONS ACT 2001 No. 50, 2001 - SECT 778
Gaming and wagering laws not applicable to certain contracts and(1) Despite any law of a State or Territory in this jurisdiction about gaming or wagering:
- (a)
- a person may enter into an option contract on:
- (i)
- a stock market of a securities exchange; or
- (ii)
- an exempt stock market; and
- (b)
- the contract is valid and enforceable.
(2) Despite any law of a State or Territory in this jurisdiction about gaming or wagering:
- (a)
- a person may enter into a relevant agreement of a kind prescribed for the purposes of paragraph 92A(1)(b); and
- (b)
- the agreement is valid and enforceable.