Commonwealth Numbered Regulations

CORPORATIONS REGULATIONS (AMENDMENT) 1998 No. 9 - REG 2

2.1 Omit the regulation, substitute: Exemption from Parts 8.3, 8.4 and 8.5 of
the Corporations Law

"8.1.01. Parts 8.3, 8.4 and 8.5 of the Corporations Law do not have effect in
relation to a service as a futures adviser or futures broker that is provided:

   (a)  by a body to another body that:

        (i)    owns or controls the first-mentioned body; and

        (ii)   conducts an exempt futures market; or

   (b)  by CSR Limited to the Crown in the right of Queensland, to the
        Queensland Sugar Board or to another public authority of Queensland in
        connection with the sugar industry; or

   (c)  by Snowy Hydro Trading Pty Ltd to the Commonwealth, to Pacific Power
        or to the State Electricity Commission of Victoria in connection with
        an exempt futures market conducted in Australia in relation to the
        wholesale price of electricity.".