Section 881A — Corporations Act 2001 (Cth)

(1) If:

(a) any of the participants in a licensed market, in effecting transactions through the market, provide financial services for persons as retail clients; and

(b) in connection with the provision of those financial services, those persons will or may give money or other property, or authority over property, to those participants; and

(c) the market is not a financial market to which Division 4 applies;

there must be compensation arrangements in relation to the market that are approved in accordance with Division 3.

(2) The compensation regime applicable in relation to financial markets to which Division 4 applies is as constituted by that Division.

Related sections

• s 854B — Exemptions and modifications by regulations
• s 880A — Part does not apply to markets licensed under special provisions about overseas markets
• s 880B — Meaning of some terms relating to compensation regimes for financial markets
• s 881B — Additional requirements for the licence application
• s 881C — What happens if an application contains information in accordance with paragraph 881B(2)(c)
• s 881D — What happens if an application contains a statement in accordance with paragraph 881B(2)(d)

Research how courts apply s 881A

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.