Australian Capital Territory Numbered Acts

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DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 117

Presumptions regarding broking

    If a broker, or the agent or employee of a broker, who is in the Territory sells marketable securities to, or purchases marketable securities from, a person who is not a broker, or the agent or employee of a broker—

        (a)     the broker, agent or employee is to be taken, for the purposes of this Chapter, to have acted on the orders of both the vendor and the purchaser; and

        (b)     the orders are to be taken to have been received by the broker, agent or employee in the Territory.



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