Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 61

61. A reference to operation by a futures broker on a discretionary account is
a reference to dealings by the broker in futures contracts on instructions of
another person that authorise the broker to deal in futures contracts without
the prior approval of that other person, whether:

   (a)  the instructions are given by, and the money used for operating on the
        account is provided by, one person only; or

   (b)  the instructions are given by, and the money used for operating on the
        account is contributed as a common fund by, each of a number of
        persons; not being dealings on instructions that authorise dealings in
        futures contracts without the prior approval of that other person only
        as to the time when or the price at which the dealings are to be
        effected, or both.