... FEES, AND REGULATION potentially subject to Chapter 5C of the Australian Corporations Act 2001, which regulates “managed investment schemes,” and Chapter 7, which regulates “financial products.” Chapter ... private managed futures funds and IMAs, in contrast, are not financial products, and such funds and accounts therefore fall outside the scope of Chapter (sections 762A(3) and 765(1)(s)).12 If an IMA ... bank bill, interest rate swap, and treasury bond futures contracts) accounted for 89.4 percent and 88.7 percent of the total trading volume in the first half of 2003 and the whole of 2002 respectively,...