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  • Financial Contracts for Differences

    • AU-1.5.10

      Comprise rights under a contract for differences, or any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in:

      (a) The value or price of investment or property of any description;
      (b) Any currency;
      (c) The rate of interest in any currency or any index of such rates (including interest rate options);
      (d) The level of any index which is derived for the prices of an investment or physical commodity (including index options); or
      (e) Any combination of the above.
      Amended: July 2007

    • AU-1.5.11

      The following are excluded from this definition of contracts for differences:

      (a) Contracts where the parties intend that the profit is to be secured or the loss to be avoided by taking delivery of property; and
      (b) Contracts under which money is received by way of deposit on terms that any return to be paid on the sum deposited will be calculated by reference to an index, interest rate, exchange rate or other factor.
      Amended: July 2007