Commonwealth Numbered Acts

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FUTURES INDUSTRY ACT 1986 No. 72 of 1986 - SECT 59

Effect of certain laws on certain agreements
59. (1) A contravention of this Act affects neither the validity nor the
enforceability of an agreement.

(2) For the purposes of any Act or law, a futures contract is not a contract
by way of gaming or wagering if it is made-

   (a)  on an exempt futures market or on a futures market of a futures
        exchange or of a recognised futures exchange; or

   (b)  as permitted by the business rules of a futures association, of a
        futures exchange or of a recognised futures exchange. 


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