Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 981M

  (1)   Financial services licensees must comply with the client money reporting rules.

Note:   This subsection is a civil penalty provision (see section   1317E). For relief from liability to a civil penalty relating to this subsection, see section   1317S.

  (2)   If there is an inconsistency between the client money reporting rules, and any of the following other rules:

  (a)   the market integrity rules;

  (b)   the derivative transaction rules;

  (c)   the derivative trade repository rules;

those other rules prevail to the extent of the inconsistency.

Note:   If there is an inconsistency between the client money reporting rules and the operating rules of a licensed market or of a licensed CS facility, the client money reporting rules prevail: see subsections   793B(2) and 822B(2).