Section 981E — Corporations Act 2001 (Cth)

(1) This section applies to:

(a) money to which this Subdivision applies that has been paid to the licensee, both while it is in an account maintained for the purposes of section 981B and before and after it is paid into such an account; and

(b) other money in such an account as permitted by paragraph 981B(1)(b); and

(c) investments made in accordance with regulations made for the purposes of section 981C.

(2) Money and investments to which this section applies are not capable:

(a) of being attached or otherwise taken in execution; or

(b) of being made subject to a set‑off, security interest or charging order, or to any process of a similar nature;

except at the suit of a person who is otherwise entitled to the money or investment.

Related sections

• s 981B — Obligation to pay money into an account
• s 981C — Regulations may deal with various matters relating to accounts maintained for the purposes of section 981B
• s 981D — Money related to derivatives may be used for general margining etc. purposes
• s 981F — Regulations may deal with how money to be dealt with if licensee ceases to be licensed etc.
• s 981G — Account provider not liable merely because of licensee’s contravention
• s 981H — Money to which Subdivision applies taken to be held in trust

Research how courts apply s 981E

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